Merchandise exports to high-income economies in Nigeria
Nigeria: Merchandise exports to high-income economies was 64.1% in 2023. ▼ Falling
Merchandise exports to high-income economies in Nigeria, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to high-income economies in Nigeria is 64.1%, measured in 2023.
Compared with earlier readings it is up 27.6% on the previous year and up 36.5% over ten years.
Over the whole period, merchandise exports to high-income economies in Nigeria peaked at 98.9% in 1960 and was at its lowest, 44.5%, in 2018.
Nigeria ranks 111th of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 63 years of available data.
Merchandise exports to high-income economies in Nigeria, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 98.9% | — |
| 1961 | 98.6% | -0.2% |
| 1962 | 94.8% | -3.9% |
| 1963 | 95.2% | +0.3% |
| 1964 | 91.9% | -3.4% |
| 1965 | 95.4% | +3.8% |
| 1966 | 95.0% | -0.5% |
| 1967 | 96.2% | +1.3% |
| 1968 | 95.3% | -0.9% |
| 1969 | 95.5% | +0.2% |
| 1970 | 96.6% | +1.1% |
| 1971 | 96.1% | -0.5% |
| 1972 | 96.7% | +0.6% |
| 1973 | 97.6% | +1.0% |
| 1974 | 97.8% | +0.2% |
| 1975 | 97.5% | -0.3% |
| 1976 | 96.2% | -1.3% |
| 1977 | 96.3% | +0.0% |
| 1978 | 96.3% | +0.1% |
| 1979 | 97.2% | +0.9% |
| 1981 | 92.5% | -4.8% |
| 1982 | 95.3% | +3.0% |
| 1983 | 96.1% | +0.8% |
| 1984 | 93.8% | -2.4% |
| 1985 | 92.1% | -1.8% |
| 1986 | 93.9% | +2.0% |
| 1987 | 93.9% | +0.0% |
| 1988 | 91.1% | -3.0% |
| 1989 | 92.3% | +1.4% |
| 1990 | 93.2% | +1.0% |
| 1991 | 88.9% | -4.6% |
| 1992 | 87.8% | -1.3% |
| 1993 | 85.1% | -3.1% |
| 1994 | 85.5% | +0.4% |
| 1995 | 81.5% | -4.6% |
| 1996 | 80.3% | -1.5% |
| 1997 | 79.3% | -1.2% |
| 1998 | 73.0% | -7.9% |
| 1999 | 62.5% | -14.4% |
| 2000 | 71.8% | +14.8% |
| 2001 | 71.0% | -1.1% |
| 2002 | 63.6% | -10.4% |
| 2003 | 47.3% | -25.6% |
| 2004 | 47.0% | -0.7% |
| 2005 | 47.0% | +0.0% |
| 2006 | 45.9% | -2.5% |
| 2007 | 47.2% | +2.9% |
| 2008 | 47.2% | +0.0% |
| 2009 | 47.0% | -0.4% |
| 2010 | 48.3% | +2.7% |
| 2011 | 48.3% | +0.0% |
| 2012 | 47.0% | -2.6% |
| 2013 | 47.0% | -0.0% |
| 2014 | 47.0% | -0.0% |
| 2015 | 47.0% | -0.0% |
| 2016 | 45.8% | -2.6% |
| 2017 | 44.6% | -2.7% |
| 2018 | 44.5% | -0.2% |
| 2019 | 45.8% | +3.0% |
| 2020 | 50.2% | +9.6% |
| 2021 | 54.9% | +9.4% |
| 2022 | 50.3% | -8.4% |
| 2023 | 64.1% | +27.6% |
Nigeria compared with similar countries
- Nigeria's 64.1% is above the median for lower middle income countries, which is 51.0%, 1.3× the median. (47 countries reporting)
- Nigeria's 64.1% is above the median for Sub-Saharan Africa, which is 49.5%, 1.3× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to high-income economies 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 |
|---|---|---|---|
| 2023 | +27.6% | 50.3% | 64.1% |
| 2003 | -25.6% | 63.6% | 47.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 95.7% | 91.9% | 98.9% | 10 |
| 1970s | 96.8% | 96.1% | 97.8% | 10 |
| 1980s | 93.4% | 91.1% | 96.1% | 9 |
| 1990s | 81.7% | 62.5% | 93.2% | 10 |
| 2000s | 53.5% | 45.9% | 71.8% | 10 |
| 2010s | 46.5% | 44.5% | 48.3% | 10 |
| 2020s | 54.9% | 50.2% | 64.1% | 4 |
Countries ranked near Nigeria
More private sector data for Nigeria
- Merchandise trade 33.3% (2025)
- Food imports 11.0% (2024)
- Manufactures imports 46.0% (2024)
- Merchandise imports 41.45 billion current US$ (2025)
- Food exports 6.0% (2024)
- Manufactures exports 3.5% (2024)
- Merchandise exports 55.47 billion current US$ (2025)
- Merchandise exports (current US$), per capita 233.52 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1907 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4.03 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports to high-income economies in Nigeria?
- Merchandise exports to high-income economies in Nigeria was 64.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Nigeria?
- The highest recorded value was 98.9% in 1960.
- What is the lowest merchandise exports to high-income economies recorded in Nigeria?
- The lowest recorded value was 44.5% in 2018.
- How does Nigeria rank for merchandise exports to high-income economies?
- Nigeria ranks 111th out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Nigeria?
- Over the last ten years it is up 36.5%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.