Terms of Trade in Nigeria decreased to 101.05 points in June from 101.77 points in May of 2021. source: National Bureau of Statistics, Nigeria

Terms of Trade in Nigeria averaged 99.39 points from 2000 until 2021, 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 January of 2022.

Terms of Trade in Nigeria is expected to be 102.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Terms of Trade is projected to trend around 103.00 points in 2022 and 104.00 points in 2023, according to our econometric models.

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Nigeria Terms of Trade

Related Last Previous Unit Reference
Balance of Trade -448235.10 -1570345.30 NGN Millions Sep/21
Imports 2484328.70 2989139.70 NGN Millions Sep/21
Exports 2036093.60 1418794.30 NGN Millions Sep/21
Terms of Trade 101.05 101.77 points Jun/21
Oil Exports 1427694.48 1308818.75 NGN Million Jun/21
Non Oil Exports 375013.81 307275.91 NGN Million Jun/21
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.