Terms of Trade in Nigeria decreased to 109.20 Index Points in June from 111.10 Index Points in May of 2018. Terms of Trade in Nigeria averaged 99.12 Index Points from 2000 until 2018, reaching an all time high of 160.25 Index Points in March of 2010 and a record low of 49.48 Index Points in April of 2006.

Terms of Trade in Nigeria is expected to be 101.60 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Terms of Trade in Nigeria to stand at 98.74 in 12 months time. In the long-term, the Nigeria Terms of Trade is projected to trend around 107.00 Index Points in 2020, according to our econometric models.

Nigeria Terms of Trade
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Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 805238.49 -613101.70 2177553.08 -613101.70 NGN Millions [+]
Current Account -3105.09 4452.74 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Imports 949338.42 2200339.49 2200339.49 167.88 NGN Millions [+]
Exports 1754576.91 1587237.78 2648881.76 322.93 NGN Millions [+]
Terms of Trade 109.20 111.10 160.25 49.48 Index Points [+]
Foreign Direct Investment 438.84 435.64 3084.90 435.64 USD Million [+]
Capital Flows 10724.18 2575.64 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.40 21.40 21.40 21.37 Tonnes [+]
Crude Oil Production 1797.00 1579.00 2475.00 675.00 BBL/D/1K [+]
External Debt 22083.44 22071.91 22083.44 3627.50 USD Million [+]
Terrorism Index 9.01 9.31 9.31 3.86 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Nigeria Terms of Trade

In Nigeria, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods. This page provides - Nigeria Terms Of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Terms of Trade - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
109.20 111.10 160.25 49.48 2000 - 2018 Index Points Monthly
Jan 2018=100




Country Last Previous
Argentina 128.90 Sep/18
Australia 89.30 Sep/18
Brazil 106.53 Nov/18
Canada 92.30 Nov/18
China 99.09 Oct/18
France 114.30 Nov/18
Germany 98.55 Nov/18
India 73.30 Dec/18
Indonesia 106.37 Nov/18
Italy 98.80 Nov/18
Japan 96.20 Dec/18
Mexico 47.34 Nov/18
Netherlands 99.70 Nov/18
Singapore 103.10 Nov/18
South Africa 105.00 Sep/18
South Korea 97.90 Nov/18
Spain 100.20 Oct/18
Switzerland 117.14 Nov/18
Turkey 99.77 Nov/18
United States 106.98 Jun/18


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