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 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.
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% |