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.

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Nigeria Imports

Actual Previous Highest Lowest Dates Unit Frequency
1139813.10 1356107.90 2209385.78 167.88 1981 - 2019 NGN Millions Monthly


Nigeria Imports
Nigeria imports mainly: industrial supplies (27% of total in 2014), capital goods (23%), food and beverage (17%), fuel and lubricants (14%), transport equipment and parts (12%) and consumer goods (7%). 43% of total imports come from Asia; 34% from Europe; 15% from America and 7% from 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 103.80 101.20 160.25 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 27162.63 25609.63 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