Oil Exports in Nigeria increased to 664897.32 NGN Million in March from 654722.09 NGN Million in February of 2021. source: National Bureau of Statistics, Nigeria

Oil Exports in Nigeria averaged 901952.91 NGN Million from 2008 until 2021, reaching an all time high of 2033861.20 NGN Million in September of 2011 and a record low of 46192 NGN Million in February of 2009. This page provides - Nigeria Oil Exports- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Oil Exports - values, historical data and charts - was last updated on June of 2021.

Oil Exports in Nigeria is expected to be 730000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Oil Exports in Nigeria to stand at 810000.00 in 12 months time. In the long-term, the Nigeria Oil Exports is projected to trend around 830000.00 NGN Million in 2022 and 850000.00 NGN Million in 2023, according to our econometric models.

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Nigeria Oil Exports

Actual Previous Highest Lowest Dates Unit Frequency
664897.32 654722.09 2033861.20 46192.00 2008 - 2021 NGN Million Monthly
Current Prices, NSA

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -1123289.91 -1507542.69 2177553.08 -1507542.69 NGN Millions [+]
Current Account -5264.53 -3624.19 10383.67 -6676.40 USD Million [+]
Current Account to GDP -4.20 -3.30 32.80 -18.70 percent of GDP [+]
Imports 2193557.03 2456665.77 2518686.57 167.88 NGN Millions [+]
Exports 1070267.12 949123.09 2648881.76 322.93 NGN Millions [+]
Terms of Trade 100.04 100.17 160.25 49.48 points [+]
Foreign Direct Investment 438.70 775.20 3084.90 63.50 USD Million [+]
Capital Flows -3371.72 3811.51 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.46 21.46 21.46 21.37 Tonnes [+]
Crude Oil Production 1344.00 1372.00 2475.00 675.00 BBL/D/1K [+]
Remittances 4071.91 3871.28 6270.24 3373.09 USD Million [+]
Non Oil Exports 405369.81 294400.99 1450442.90 29675.90 NGN Million [+]
Oil Exports 664897.32 654722.09 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.31 8.60 9.31 3.86 [+]
External Debt 32859.99 33348.08 37267.68 3287.73 USD Million [+]