Terms of Trade in Nigeria decreased to 101 points in September from 102.60 points in August of 2019.

Terms of Trade in Nigeria averaged 99.19 points from 2000 until 2019, reaching an all time high of 160.25 points in March of 2010 and a record low of 49.48 points in April of 2006. This page provides - Nigeria Terms Of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bureau of Statistics, Nigeria

Terms of Trade in Nigeria is expected to be 102.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Terms of Trade in Nigeria to stand at 103.00 in 12 months time. In the long-term, the Nigeria Terms of Trade is projected to trend around 104.00 points in 2020, according to our econometric models.


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Nigeria Terms of Trade

Actual Previous Highest Lowest Dates Unit Frequency
101.00 102.60 160.25 49.48 2000 - 2019 points Monthly
Jan 2018=100

Nigeria Terms of Trade
In Nigeria, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods.

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 [+]