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Nigeria Trade Balance 1960-2023

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 2021 was $-4.85B, a 870.55% increase from 2020.
  • Nigeria trade balance for 2020 was $-0.50B, a 98% decline from 2019.
  • Nigeria trade balance for 2019 was $-25.01B, a 194.49% increase from 2018.
  • Nigeria trade balance for 2018 was $-8.49B, a 50418.19% increase from 2017.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Indonesia $32.01B
Angola $18.93B
Zambia $4.02B
Republic of Congo $2.85B
Myanmar $2.26B
Ghana $1.07B
Timor-Leste $1.00B
Vietnam $0.42B
Sudan $0.13B
Eswatini $-0.04B
Kiribati $-0.17B
Micronesia $-0.19B
Solomon Islands $-0.21B
Mongolia $-0.31B
Vanuatu $-0.32B
Bhutan $-0.53B
Cabo Verde $-0.65B
Cambodia $-0.81B
Lesotho $-1.14B
Bolivia $-1.36B
Cameroon $-1.66B
Nicaragua $-1.76B
Mauritania $-2.15B
Ukraine $-2.25B
Kyrgyz Republic $-2.54B
Kosovo $-2.99B
Georgia $-3.06B
Moldova $-3.74B
Tunisia $-4.72B
Nigeria $-4.85B
Sri Lanka $-6.54B
Honduras $-6.68B
West Bank and Gaza $-7.06B
El Salvador $-7.26B
Kenya $-10.52B
Uzbekistan $-11.36B
Morocco $-12.98B
Bangladesh $-26.63B
Pakistan $-31.11B
Egypt $-37.09B
Philippines $-47.36B
India $-79.19B
Nigeria Trade Balance - Historical Data
Year Billions of US $ % of GDP
2021 $-4.85B -1.10%
2020 $-0.50B -0.12%
2019 $-25.01B -5.58%
2018 $-8.49B -2.01%
2017 $-0.02B -0.00%
2016 $-9.25B -2.29%
2015 $-0.00B 0.00%
2014 $34.37B 5.99%
2013 $26.27B 5.05%
2012 $86.12B 18.56%
2011 $41.26B 9.96%
2010 $29.36B 8.00%
2009 $3.55B 1.20%
2008 $35.79B 10.54%
2007 $8.73B 3.14%
2006 $39.26B 16.47%
2005 $15.83B 9.01%
2004 $11.69B 8.61%
2003 $4.37B 4.17%
2002 $6.13B 6.44%
2001 $4.97B 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%