Nigeria Trade Balance 1960-2022

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 $16.46B
Republic of Congo $2.63B
Djibouti $0.39B
Eswatini $0.12B
Zambia $0.11B
Myanmar $0.06B
Sudan $0.01B
Vanuatu $0.01B
Solomon Islands $-0.16B
Micronesia $-0.17B
Cabo Verde $-0.29B
Bhutan $-0.36B
Cambodia $-0.37B
Timor-Leste $-0.55B
Nicaragua $-0.57B
Mongolia $-0.85B
Mauritania $-0.85B
Lesotho $-1.12B
Ghana $-1.32B
Cameroon $-1.46B
Georgia $-1.57B
Kosovo $-2.14B
Kyrgyz Republic $-2.56B
Bolivia $-2.64B
Moldova $-2.97B
Tunisia $-4.37B
El Salvador $-4.47B
Honduras $-4.56B
Indonesia $-4.98B
Sri Lanka $-5.14B
West Bank and Gaza $-6.50B
Kenya $-8.94B
Uzbekistan $-9.59B
Morocco $-10.30B
Ukraine $-12.38B
Bangladesh $-18.93B
Egypt $-24.97B
Nigeria $-25.01B
Pakistan $-32.49B
Philippines $-45.51B
India $-73.07B
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 $3.55B 1.20%
2008 $35.79B 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%