Merchandise exports to low- and middle-income economies in Latin in Nigeria
Nigeria: Merchandise exports to low- and middle-income economies in Latin was 3.2% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies in Latin in Nigeria, 1964–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Nigeria recorded 3.2% for merchandise exports to low- and middle-income economies in latin in 2023.
That represents a change of down 27.4% on the previous year and up 82.6% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in latin in Nigeria peaked at 8.9% in 2002 and was at its lowest, 0.0%, in 1974.
Nigeria ranks 49th of 203 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies in Latin in Nigeria, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1964 | 0.0% | — |
| 1965 | 1.7% | +9745.5% |
| 1966 | 2.4% | +41.2% |
| 1967 | 1.6% | -32.6% |
| 1968 | 2.8% | +73.2% |
| 1969 | 3.0% | +4.7% |
| 1970 | 2.2% | -26.4% |
| 1971 | 1.8% | -20.0% |
| 1972 | 1.1% | -39.8% |
| 1973 | 0.2% | -79.8% |
| 1974 | 0.0% | -99.4% |
| 1976 | 1.1% | +89650.6% |
| 1977 | 0.8% | -32.0% |
| 1978 | 0.8% | -1.8% |
| 1979 | 0.5% | -35.0% |
| 1981 | 3.8% | +678.8% |
| 1982 | 1.8% | -52.2% |
| 1983 | 0.8% | -54.1% |
| 1984 | 1.0% | +13.7% |
| 1985 | 4.5% | +370.4% |
| 1986 | 1.8% | -59.5% |
| 1987 | 1.8% | +0.0% |
| 1988 | 2.1% | +15.5% |
| 1989 | 1.0% | -51.0% |
| 1990 | 0.1% | -90.0% |
| 1991 | 1.7% | +1504.0% |
| 1992 | 0.3% | -83.1% |
| 1993 | 1.1% | +305.9% |
| 1994 | 3.6% | +213.4% |
| 1995 | 2.6% | -26.7% |
| 1996 | 1.7% | -33.2% |
| 1997 | 3.6% | +106.1% |
| 1998 | 5.6% | +57.2% |
| 1999 | 5.9% | +3.8% |
| 2000 | 3.3% | -44.2% |
| 2001 | 6.3% | +94.5% |
| 2002 | 8.9% | +39.4% |
| 2003 | 2.3% | -73.5% |
| 2004 | 1.7% | -25.9% |
| 2005 | 1.7% | +0.0% |
| 2006 | 1.8% | +2.9% |
| 2007 | 1.7% | -2.5% |
| 2008 | 1.7% | -0.2% |
| 2009 | 1.7% | -0.5% |
| 2010 | 1.8% | +2.7% |
| 2011 | 1.8% | +0.0% |
| 2012 | 1.7% | -2.6% |
| 2013 | 1.7% | +0.2% |
| 2014 | 1.7% | +0.0% |
| 2015 | 1.7% | -0.1% |
| 2016 | 1.8% | +2.2% |
| 2017 | 1.8% | +2.9% |
| 2018 | 1.8% | -0.2% |
| 2019 | 1.8% | -2.4% |
| 2020 | 1.0% | -43.1% |
| 2021 | 3.6% | +254.1% |
| 2022 | 4.4% | +21.8% |
| 2023 | 3.2% | -27.4% |
Nigeria compared with similar countries
- Nigeria's 3.2% is above the median for lower middle income countries, which is 0.3%, 11.6× the median. (46 countries reporting)
- Nigeria's 3.2% is above the median for Sub-Saharan Africa, which is 0.1%, 29.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies in Latin 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 |
|---|---|---|---|
| 1976 | +89650.6% | 0.0% | 1.1% |
| 1965 | +9745.5% | 0.0% | 1.7% |
| 1991 | +1504.0% | 0.1% | 1.7% |
| 1981 | +678.8% | 0.5% | 3.8% |
| 1985 | +370.4% | 1.0% | 4.5% |
| 1993 | +305.9% | 0.3% | 1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.9% | 0.0% | 3.0% | 6 |
| 1970s | 0.9% | 0.0% | 2.2% | 9 |
| 1980s | 2.1% | 0.8% | 4.5% | 9 |
| 1990s | 2.6% | 0.1% | 5.9% | 10 |
| 2000s | 3.1% | 1.7% | 8.9% | 10 |
| 2010s | 1.8% | 1.7% | 1.8% | 10 |
| 2020s | 3.0% | 1.0% | 4.4% | 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 low- and middle-income economies in latin in Nigeria?
- Merchandise exports to low- and middle-income economies in latin in Nigeria was 3.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in latin recorded in Nigeria?
- The highest recorded value was 8.9% in 2002.
- What is the lowest merchandise exports to low- and middle-income economies in latin recorded in Nigeria?
- The lowest recorded value was 0.0% in 1974.
- How does Nigeria rank for merchandise exports to low- and middle-income economies in latin?
- Nigeria ranks 49th out of 203 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in latin rising or falling in Nigeria?
- Over the last ten years it is up 82.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are 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.