Merchandise exports by the reporting economy (current US$) … annual in Nigeria
Nigeria: Merchandise exports by the reporting economy (current US$) … annual was -25.39 % change on previous year in 2023. ◆ Volatile
Merchandise exports by the reporting economy (current US$), annual in Nigeria, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded -25.39 % change on previous year for merchandise exports by the reporting economy (current us$), annual in 2023.
Compared with earlier readings it is down 131.3% on the previous year and down 53.7% over ten years.
Over the whole period, merchandise exports by the reporting economy (current us$), annual in Nigeria peaked at 163.91 % change on previous year in 1974 and was at its lowest, -60.73 % change on previous year, in 1986.
Nigeria ranks 185th of 206 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) … annual in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 5.53 % change on previous year | — |
| 1962 | 4.66 % change on previous year | -15.6% |
| 1963 | 12.29 % change on previous year | +163.6% |
| 1964 | 11.44 % change on previous year | -7.0% |
| 1965 | 24.93 % change on previous year | +118.0% |
| 1966 | 4.8 % change on previous year | -80.7% |
| 1967 | -13.64 % change on previous year | -384.0% |
| 1968 | -15.59 % change on previous year | +14.3% |
| 1969 | 52.21 % change on previous year | -434.8% |
| 1970 | 36.99 % change on previous year | -29.1% |
| 1971 | 47.5 % change on previous year | +28.4% |
| 1972 | 20.91 % change on previous year | -56.0% |
| 1973 | 48.04 % change on previous year | +129.8% |
| 1974 | 163.91 % change on previous year | +241.2% |
| 1975 | -15.4 % change on previous year | -109.4% |
| 1976 | 24.33 % change on previous year | -258.0% |
| 1977 | 11.79 % change on previous year | -51.5% |
| 1978 | -1.81 % change on previous year | -115.4% |
| 1979 | 64.27 % change on previous year | -3650.9% |
| 1982 | -18.92 % change on previous year | -129.4% |
| 1983 | -18.25 % change on previous year | -3.5% |
| 1984 | 10.29 % change on previous year | -156.4% |
| 1985 | 19.28 % change on previous year | +87.3% |
| 1986 | -60.73 % change on previous year | -415.0% |
| 1987 | 42.42 % change on previous year | -169.9% |
| 1988 | -6.35 % change on previous year | -115.0% |
| 1989 | 19.22 % change on previous year | -402.8% |
| 1990 | 25.85 % change on previous year | +34.5% |
| 1991 | -25.47 % change on previous year | -198.5% |
| 1992 | 60.8 % change on previous year | -338.7% |
| 1993 | -6.37 % change on previous year | -110.5% |
| 1994 | -2.49 % change on previous year | -60.9% |
| 1995 | 8.47 % change on previous year | -440.2% |
| 1996 | 32.17 % change on previous year | +279.6% |
| 1997 | 2.61 % change on previous year | -91.9% |
| 1998 | -31.48 % change on previous year | -1304.1% |
| 1999 | 16.65 % change on previous year | -152.9% |
| 2000 | 105.18 % change on previous year | +531.6% |
| 2001 | -34.08 % change on previous year | -132.4% |
| 2002 | 2.72 % change on previous year | -108.0% |
| 2003 | 88.46 % change on previous year | +3157.1% |
| 2004 | 41.68 % change on previous year | -52.9% |
| 2005 | 47.16 % change on previous year | +13.1% |
| 2006 | 17.96 % change on previous year | -61.9% |
| 2007 | 13.54 % change on previous year | -24.6% |
| 2008 | 30.21 % change on previous year | +123.1% |
| 2009 | -43.29 % change on previous year | -243.3% |
| 2010 | 46.12 % change on previous year | -206.5% |
| 2011 | 34.12 % change on previous year | -26.0% |
| 2012 | -3.38 % change on previous year | -109.9% |
| 2013 | -16.52 % change on previous year | +388.6% |
| 2014 | -9.8 % change on previous year | -40.7% |
| 2015 | -45.62 % change on previous year | +365.7% |
| 2016 | -31.62 % change on previous year | -30.7% |
| 2017 | 31.3 % change on previous year | -199.0% |
| 2018 | 33.9 % change on previous year | +8.3% |
| 2019 | -2.56 % change on previous year | -107.6% |
| 2020 | -44.96 % change on previous year | +1654.3% |
| 2021 | 31.22 % change on previous year | -169.4% |
| 2022 | 81 % change on previous year | +159.5% |
| 2023 | -25.39 % change on previous year | -131.3% |
Nigeria compared with similar countries
- Nigeria's -25.39 % change on previous year is below the median for lower middle income countries, which is -4.65 % change on previous year, 5.5× the median. (47 countries reporting)
- Nigeria's -25.39 % change on previous year is below the median for Sub-Saharan Africa, which is -2.91 % change on previous year, 8.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports by the reporting economy (current US$) … annual in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +3650.9% | -1.81 % change on previous year | 64.27 % change on previous year |
| 2003 | +3157.1% | 2.72 % change on previous year | 88.46 % change on previous year |
| 2020 | -1654.3% | -2.56 % change on previous year | -44.96 % change on previous year |
| 1998 | -1304.1% | 2.61 % change on previous year | -31.48 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.63 % change on previous year | -15.59 % change on previous year | 52.21 % change on previous year | 9 |
| 1970s | 40.05 % change on previous year | -15.4 % change on previous year | 163.91 % change on previous year | 10 |
| 1980s | -1.63 % change on previous year | -60.73 % change on previous year | 42.42 % change on previous year | 8 |
| 1990s | 8.08 % change on previous year | -31.48 % change on previous year | 60.8 % change on previous year | 10 |
| 2000s | 26.96 % change on previous year | -43.29 % change on previous year | 105.18 % change on previous year | 10 |
| 2010s | 3.59 % change on previous year | -45.62 % change on previous year | 46.12 % change on previous year | 10 |
| 2020s | 10.47 % change on previous year | -44.96 % change on previous year | 81 % change on previous year | 4 |
Countries ranked near Nigeria
- 182 Liberia -24.08 % change on previous year compare
- 183 Angola -24.34 % change on previous year compare
- 184 Argentina -24.61 % change on previous year compare
- 186 Qatar -25.42 % change on previous year compare
- 187 Curacao -25.67 % change on previous year compare
- 188 Cameroon -25.8 % change on previous year compare
More private sector data for Nigeria
- Merchandise trade 33.3% (2025)
- Food imports 12.3% (2025)
- Manufactures imports 52.5% (2025)
- Merchandise imports 41.45 billion current US$ (2025)
- Commercial service imports 18.94 billion current US$ (2025)
- Food exports 6.4% (2025)
- Manufactures exports 6.1% (2025)
- Merchandise exports 55.47 billion current US$ (2025)
- Commercial service exports 4.55 billion current US$ (2025)
- Merchandise exports (current US$), per capita 233.52 current US$ per person (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy (current us$), annual in Nigeria?
- Merchandise exports by the reporting economy (current us$), annual in Nigeria was -25.39 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest merchandise exports by the reporting economy (current us$), annual recorded in Nigeria?
- The highest recorded value was 163.91 % change on previous year in 1974.
- What is the lowest merchandise exports by the reporting economy (current us$), annual recorded in Nigeria?
- The lowest recorded value was -60.73 % change on previous year in 1986.
- How does Nigeria rank for merchandise exports by the reporting economy (current us$), annual?
- Nigeria ranks 185th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy (current us$), annual rising or falling in Nigeria?
- Over the last ten years it is down 53.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Merchandise exports by the reporting economy (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 61 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Merchandise exports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Merchandise exports by the reporting economy Staff estimates, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Merchandise exports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.