Imports in Nigeria increased to 2482178.50 NGN Millions in June from 2221385.10 NGN Millions in May of 2021. source: National Bureau of Statistics, Nigeria

Imports in Nigeria averaged 311103.24 NGN Millions from 1981 until 2021, 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 September of 2021.

Imports in Nigeria is expected to be 2100000.00 NGN Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Imports is projected to trend around 1700000.00 NGN Millions in 2022 and 1650000.00 NGN Millions in 2023, according to our econometric models.

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Nigeria Imports

Actual Previous Highest Lowest Dates Unit Frequency
2482178.50 2221385.10 2518686.57 167.88 1981 - 2021 NGN Millions Monthly

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -679470.20 -605290.40 2177553.08 -1507542.69 NGN Millions [+]
Current Account -1750.60 -5264.53 10383.67 -6676.40 USD Million [+]
Current Account to GDP -4.20 -3.30 32.80 -18.70 percent of GDP [+]
Imports 2482178.50 2221385.10 2518686.57 167.88 NGN Millions [+]
Exports 1802708.30 1616094.70 2648881.76 322.93 NGN Millions [+]
Terms of Trade 100.04 100.17 160.25 49.48 points [+]
Foreign Direct Investment 2138.38 438.70 3084.90 63.50 USD Million [+]
Capital Flows 7886.98 -3371.72 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.37 21.46 21.46 21.37 Tonnes [+]
Crude Oil Production 1239.00 1323.00 2475.00 675.00 BBL/D/1K [+]
Remittances 4278.12 4071.91 6270.24 3373.09 USD Million [+]
Non Oil Exports 375013.81 307275.91 1450442.90 29675.90 NGN Million [+]
Oil Exports 1427694.48 1308818.75 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.31 8.60 9.31 3.86 [+]
External Debt 32859.99 33348.08 37267.68 3287.73 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