Nigeria Balance Of TradeNigeria Balance Of TradeNigeria Balance Of Trade

Nigeria Balance Of Trade

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Key data points


Last release
Observation period
Jun 2024
Next release
Forecast
Highest
‪4.13 T‬NGN on Jun 30, 2024
Lowest
‪−4.37 T‬NGN on Oct 31, 2023

About Nigeria Balance Of Trade


Category
Trade
Frequency
Monthly
Units
NGN
Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 91% of total exports. Europe and Asia are the country's main trade partners. Europe accounts for 43% of total sales and 34% of total imports while Asia represents 29% of total shipments and 43% of total purchases.