Imports to Nigeria grew 26.3 percent year-on-year to NGN 1,759 billion in December 2019, as higher purchases of manufactured products (54.2 percent); solid mineral goods (63.8 percent) and raw material goods (13.2 percent) were partly offset by declines in those of energy goods (-68.5 percent). Meantime, acquisitions of agricultural products rose only 1.4%.

Imports in Nigeria averaged 251062.57 NGN Millions from 1981 until 2019, reaching an all time high of 2518686.57 NGN Millions in October of 2019 and a record low of 167.88 NGN Millions in May of 1984. This page provides - Nigeria Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Imports - values, historical data and charts - was last updated on May of 2020. source: National Bureau of Statistics, Nigeria

Imports in Nigeria is expected to be 1300000.00 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 1400000.00 in 12 months time. In the long-term, the Nigeria Imports is projected to trend around 1650000.00 NGN Millions in 2021 and 1800000.00 NGN Millions in 2022, according to our econometric models.

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Nigeria Imports

Actual Previous Highest Lowest Dates Unit Frequency
1396347.95 1434594.11 2518686.57 167.88 1981 - 2019 NGN Millions Monthly

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 362684.95 33698.20 2177553.08 -975441.14 NGN Millions [+]
Current Account -6953.30 -2795.83 10383.67 -6953.30 USD Million [+]
Current Account to GDP 2.30 2.80 32.80 -18.70 percent [+]
Imports 1396347.95 1434594.11 2518686.57 167.88 NGN Millions [+]
Exports 1759032.90 1468292.31 2648881.76 322.93 NGN Millions [+]
Terms of Trade 103.54 100.73 160.25 49.48 points [+]
Foreign Direct Investment 909.54 1150.51 3084.90 314.44 USD Million [+]
Capital Flows 13235.94 11354.43 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.46 21.50 21.37 Tonnes [+]
Crude Oil Production 1793.00 1799.00 2475.00 675.00 BBL/D/1K [+]
Remittances 5925.68 5783.00 6270.24 3836.61 USD Million [+]
Terrorism Index 8.60 8.66 9.31 3.86 [+]
External Debt 27676.14 26941.50 27676.14 3627.50 USD Million [+]


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.

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