Exports from Nigeria jumped 154 percent year-on-year to NGN 2805 billion in March of 2022, boosted by shipments of raw materials (606 percent), crude oil (208.5 percent) and solid minerals (109 percent). Among major export partners, sales rose mainly to Europe (277 percent), notably Italy (759 percent) and Spain (433 percent); Asia (86.9 percent), namely India (78.3 percent) and America (116.8 percent), including the US (553 percent) and Canada (258 percent) source: National Bureau of Statistics, Nigeria

Exports in Nigeria averaged 510142.50 NGN Millions from 1981 until 2022, reaching an all time high of 2805449.70 NGN Millions in March of 2022 and a record low of 322.93 NGN Millions in February of 1983. This page provides - Nigeria Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Exports - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Exports in Nigeria is expected to be 3200000.00 NGN Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Exports is projected to trend around 1900000.00 NGN Millions in 2023 and 1780000.00 NGN Millions in 2024, according to our econometric models.

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Nigeria Exports



Related Last Previous Unit Reference
Balance of Trade 971382.29 42986.97 NGN Millions Mar 2022
Imports 1834067.40 2052525.60 NGN Millions Mar 2022
Exports 2805449.70 2095512.60 NGN Millions Mar 2022
Terms of Trade 101.22 101.88 points Sep 2021
Oil Exports 1270799.94 1511558.58 NGN Million Dec 2021
Non Oil Exports 453526.56 553554.45 NGN Million Dec 2021

Nigeria Exports
Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 91% of total exports. In 2014, 43% of total sales went to Europe; 29% to Asia; 13% to America and 12% to Africa.
Actual Previous Highest Lowest Dates Unit Frequency
2805449.70 2095512.60 2805449.70 322.93 1981 - 2022 NGN Millions Monthly

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