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Balance of Trade In Goods and Services (Local Currency) in Nigeria

Source: World Bank
Last Updated: August 1, 2025

Balance of trade in goods and services reached NGN -1,936 bil in 2021 in Nigeria, according to the National Statistical Office. This is 986% less than in the previous year.

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 -8,130 bil in 2019.

Nigeria has been ranked 146th within the group of 163 countries we follow in terms of balance of trade in goods and services.

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