Niger’s current account balance had a deficit of $321 million, according to 2007 estimates. The country reported total commodities exports of $428 million in 2006, with the import of commodities standing at $800 million.
Exports of agro based and other products play a significant role in Niger’s economy. While uranium is the biggest contributor to Niger’s export revenues, foreign exchange earnings from livestock are also quite significant. Although the actual export of livestock is far higher than the official statistics, a large amount of it is unaccounted with large herds of animals informally crossing into Nigeria. Cowpeas, onions, hides and skins are the other items of exports from Niger. Japan has emerged as one of the biggest export destinations for Niger products and accounted for over 80% of the African nation’s exports. Nigeria and France are the two other major export destinations for Niger’s products and accounted for 8.5% and 2.9% of the nation’s 2008 exports.