Imports to Nigeria advanced 16.1 percent year-on-year to NGN 1,140 billion in September 2019, mainly driven by purchases of machinery & transport equipment (111.9 percent); food & live animals (32 percent); chemicals (61.5 percent) and manufactured goods (7.4 percent). Imports in Nigeria averaged 241177.75 NGN Millions from 1981 until 2019, reaching an all time high of 2209385.78 NGN Millions in August of 2018 and a record low of 167.88 NGN Millions in May of 1984. source: National Bureau of Statistics, Nigeria
Imports in Nigeria is expected to be 1120000.00 NGN Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Nigeria to stand at 1250000.00 in 12 months time. In the long-term, the Nigeria Imports is projected to trend around 1650000.00 NGN Millions in 2020, according to our econometric models.