Balance of Trade In Goods and Services (Local Currency) fell 1.00% to NGN -2,345 bil in Nigeria in 2016

Balance of Trade In Goods and Services (Local Currency) (NGN bil), 2016
Economy | Nigeria | May 18, 2019
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Balance of trade in goods and services fell 1.00% to NGN -2,345 bil in Nigeria in 2016, according to the National Statistical Office.

Historically, balance of trade in goods and services in Nigeria reached an all time high of NGN 13,429 bil in 2012 and an all time low of NGN -2,345 bil in 2016. When compared to Nigeria's main peers, balance of trade in goods and services in Benin amounted to XOF -581 bil, XAF -914 bil in Cameroon, XAF -641 bil in Chad and XOF -641 bil in Niger in 2016.

Nigeria has been ranked 156th within the group of 170 countries we follow in terms of balance of trade in goods and services, 148 places below the position seen 10 years ago.

Balance of Trade In Goods and Services (Local Currency) Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Algeria DZD bil 1,474 1,358 468 -294 -2,231
Benin XOF bil -303 -363 -424 -552 -486
Burkina Faso XOF bil -412 -664 -329 -129 -126
Cameroon XAF bil -702 -617 -714 -896 -978
Central African Republic XAF bil -109 -112 -79.2 -207 -206
Chad XAF bil -168 -230 -353 -572 -425
Gabon XAF bil 2,831 2,591 2,093 1,395 1,540
Libya LYD bil 4.26 36.0 4.67 -23.5 -13.2
Mali XOF bil -518 -310 -981 -1,101 -1,205
Niger XOF bil -813 -620 -623 -743 -964
Nigeria NGN bil 6,286 13,429 4,092 5,395 -127
Sudan SDG bil 3.63 -15.3 -20.7 -14.9 -16.0
Togo XOF bil -299 -273 -395 -408 -614