Terms of Trade in Nigeria decreased to 103.19 points in March from 103.48 points in February of 2020. source: National Bureau of Statistics, Nigeria

Terms of Trade in Nigeria averaged 99.28 points from 2000 until 2020, 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. Nigeria Terms of Trade - values, historical data and charts - was last updated on October of 2020.

Terms of Trade in Nigeria is expected to be 103.00 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 104.00 in 12 months time. In the long-term, the Nigeria Terms of Trade is projected to trend around 104.00 points in 2021, according to our econometric models.

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Nigeria Terms of Trade

Actual Previous Highest Lowest Dates Unit Frequency
103.19 103.48 160.25 49.48 2000 - 2020 points Monthly
2018M1=100

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -807170.40 -574966.09 2177553.08 -975441.14 NGN Millions [+]
Current Account -3232.28 -4881.73 10383.67 -6953.30 USD Million [+]
Current Account to GDP -3.60 0.90 32.80 -18.70 percent [+]
Imports 1590021.69 1325501.38 2518686.57 167.88 NGN Millions [+]
Exports 782851.28 750535.29 2648881.76 322.93 NGN Millions [+]
Terms of Trade 103.19 103.48 160.25 49.48 points [+]
Foreign Direct Investment 427.76 495.42 3084.90 63.50 USD Million [+]
Capital Flows 4146.35 -6300.42 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.50 21.50 21.37 Tonnes [+]
Crude Oil Production 1310.00 1368.00 2475.00 675.00 BBL/D/1K [+]
Remittances 3373.09 5629.04 6270.24 3373.09 USD Million [+]
Non Oil Exports 159580.04 235709.85 1450442.90 29675.90 NGN Million [+]
Oil Exports 623271.24 514825.44 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.60 8.66 9.31 3.86 [+]
External Debt 31477.14 27665.66 37267.68 3287.73 USD Million [+]


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.