Exports from Nigeria climbed 26.5 percent year-on-year to NGN 2,219 billion in September 2019, boosted by manufactured products (3041 percent). However, shipments fell for crude oil (-13.9 percent); raw materials (-43.1 percent) and solid minerals (-73.6 percent) and energy goods (-56.6 percent).

Exports in Nigeria averaged 448188.42 NGN Millions from 1981 until 2019, reaching an all time high of 2648881.76 NGN Millions in December of 2011 and a record low of 322.93 NGN Millions in February of 1983. This page provides - Nigeria Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bureau of Statistics, Nigeria

Exports in Nigeria is expected to be 1395000.00 NGN Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Nigeria to stand at 2660000.00 in 12 months time. In the long-term, the Nigeria Exports is projected to trend around 1470000.00 NGN Millions in 2020, according to our econometric models.


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Nigeria Exports

Actual Previous Highest Lowest Dates Unit Frequency
2218986.50 1489856.90 2648881.76 322.93 1981 - 2019 NGN Millions Monthly

Nigeria Exports
Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 91% of total exports. In 2014, 43% of total sales went to Europe; 29% to Asia; 13% to America and 12% to Africa.

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 1079173.44 133748.95 2177553.08 -622103.84 NGN Millions [+]
Current Account -2795.83 -2858.88 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.30 2.80 32.80 -18.70 percent [+]
Imports 1139813.10 1356107.90 2209385.78 167.88 NGN Millions [+]
Exports 2218986.50 1489856.90 2648881.76 322.93 NGN Millions [+]
Terms of Trade 101.00 102.60 160.25 49.48 points [+]
Foreign Direct Investment 909.54 1150.51 3084.90 314.44 USD Million [+]
Capital Flows 11354.43 -3297.03 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.46 21.46 21.50 21.37 Tonnes [+]
Crude Oil Production 1780.00 1796.00 2475.00 675.00 BBL/D/1K [+]
External Debt 26941.50 27162.63 27162.63 3627.50 USD Million [+]
Terrorism Index 8.60 8.66 9.31 3.86 [+]
Remittances 5783.00 5916.57 6270.24 3836.61 USD Million [+]


United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category