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.


Forecast Data Chart
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Nigeria Trade Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 887641 -37000 787497 787656 787742 -17600
Exports 1482223 400000 1501446 1501446 1501446 451000
Imports 594582 437000 713949 713790 713704 627000
Current Account 5736 2560 4091 3646 4224 3041
Current Account to GDP 2 2.2 3.2 3.2 3.2 4.4
Terms of Trade 109 102 98.74 98.74 98.74 107
Foreign Direct Investment 436 948 709 794 724 1160
Capital Flows 1793 -1730 -554 -570 108 2945
Gold Reserves 21.4 21.4 21.4 21.4 21.4 21.4
Crude Oil Production 1772 1760 1800 1800 1820 1900
External Debt 22083 24539 25699 26816 27891 35934
Terrorism Index 9.01 9.2 9.01 9.1 9.1 8.9