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Nigeria Trade Balance 1960-2021

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
  • Nigeria trade balance for 2019 was $-25.01B, a 212.69% increase from 2018.
  • Nigeria trade balance for 2018 was $-8.00B, a 47477.51% increase from 2017.
  • Nigeria trade balance for 2017 was $-0.02B, a 99.82% decline from 2016.
  • Nigeria trade balance for 2016 was $-9.25B, a 5825339.93% increase from 2015.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Angola $10.89B
Vietnam $8.36B
Congo, Rep. $1.95B
Ghana $0.39B
Eswatini $0.12B
Zambia $0.11B
Cabo Verde $-0.29B
Cambodia $-0.37B
Sudan $-0.40B
Bhutan $-0.41B
Timor-Leste $-0.55B
Nicaragua $-0.61B
Mongolia $-0.84B
Mauritania $-0.99B
Lesotho $-1.17B
Georgia $-1.57B
Cameroon $-1.73B
Kosovo $-2.14B
Kyrgyz Republic $-2.39B
Bolivia $-2.64B
Moldova $-2.94B
Honduras $-4.05B
Tunisia $-4.18B
El Salvador $-4.89B
Sri Lanka $-5.14B
Indonesia $-5.47B
Uzbekistan $-6.15B
Kenya $-8.92B
Morocco $-10.68B
Ukraine $-12.04B
Bangladesh $-18.50B
Nigeria $-25.01B
Egypt $-25.05B
Pakistan $-28.38B
Philippines $-44.94B
India $-78.07B
Nigeria Trade Balance - Historical Data
Year Billions of US $ % of GDP
2019 $-25.01B -5.58%
2018 $-8.00B -2.01%
2017 $-0.02B -0.00%
2016 $-9.25B -2.29%
2015 $-0.00B 0.00%
2014 $32.72B 5.99%
2013 $25.69B 5.05%
2012 $84.54B 18.56%
2011 $40.32B 9.96%
2010 $28.92B 8.00%
2009 $3.51B 1.20%
2008 $35.53B 10.54%
2007 $8.64B 3.14%
2006 $38.88B 16.47%
2005 $15.87B 9.01%
2004 $11.75B 8.61%
2003 $4.37B 4.17%
2002 $6.15B 6.44%
2001 $5.05B 6.82%
2000 $16.01B 23.05%
1999 $4.87B 8.21%
1998 $-1.63B -2.99%
1997 $3.18B 5.84%
1996 $2.96B 5.79%
1995 $3.87B 8.78%
1994 $1.37B 4.04%
1993 $1.78B 6.41%
1992 $4.65B 9.72%
1991 $5.63B 11.47%
1990 $5.96B 11.02%
1989 $7.18B 16.32%
1988 $2.68B 5.40%
1987 $3.27B 6.20%
1986 $0.75B 1.36%
1985 $2.80B 3.80%
1984 $2.44B 3.32%
1983 $0.99B 1.02%
1982 $-0.56B -0.39%
1981 $-1.63B -0.99%
1980 $6.54B 10.18%
1979 $2.72B 5.75%
1978 $-1.54B -4.21%
1977 $0.85B 2.35%
1976 $-2.07B -5.71%
1975 $-1.25B -4.49%
1974 $2.64B 10.61%
1973 $0.09B 0.57%
1972 $-0.10B -0.83%
1971 $-0.26B -2.80%
1970 $-0.35B -2.81%
1969 $-0.27B -4.04%
1968 $-0.30B -5.81%
1967 $-0.33B -6.33%
1966 $-0.27B -4.21%
1965 $-0.30B -5.12%
1964 $-0.34B -6.21%
1963 $-0.25B -4.76%
1962 $-0.26B -5.29%
1961 $-0.32B -7.11%
1960 $-0.32B -7.68%