Merchandise exports to low- and middle-income economies within region in Nigeria
Nigeria: Merchandise exports to low- and middle-income economies within region was 10.2% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies within region in Nigeria, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Nigeria recorded 10.2% for merchandise exports to low- and middle-income economies within region in 2023.
The figure is down 63.3% on the previous year and down 57.5% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies within region in Nigeria peaked at 27.8% in 2022 and was at its lowest, 0.8%, in 1960.
That places Nigeria 115th out of 203 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies within region in Nigeria, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 0.8% | — |
| 1961 | 1.0% | +24.4% |
| 1962 | 3.0% | +211.7% |
| 1963 | 3.2% | +5.3% |
| 1964 | 3.3% | +3.0% |
| 1965 | 1.8% | -44.5% |
| 1966 | 2.3% | +24.3% |
| 1967 | 1.6% | -29.7% |
| 1968 | 1.5% | -7.1% |
| 1969 | 1.4% | -8.0% |
| 1970 | 0.9% | -30.3% |
| 1971 | 2.1% | +117.3% |
| 1972 | 1.6% | -21.4% |
| 1973 | 1.8% | +14.8% |
| 1974 | 2.1% | +12.0% |
| 1975 | 2.3% | +11.2% |
| 1976 | 2.5% | +9.5% |
| 1977 | 2.8% | +12.4% |
| 1978 | 2.8% | -0.9% |
| 1979 | 2.1% | -26.4% |
| 1981 | 3.2% | +53.9% |
| 1982 | 2.8% | -11.8% |
| 1983 | 2.9% | +3.2% |
| 1984 | 5.0% | +71.9% |
| 1985 | 3.4% | -31.9% |
| 1986 | 4.2% | +23.2% |
| 1987 | 4.2% | +0.0% |
| 1988 | 6.6% | +57.2% |
| 1989 | 6.5% | -1.1% |
| 1990 | 6.5% | +0.4% |
| 1991 | 8.7% | +33.3% |
| 1992 | 7.1% | -18.2% |
| 1993 | 7.4% | +3.2% |
| 1994 | 6.8% | -7.5% |
| 1995 | 8.4% | +22.9% |
| 1996 | 7.7% | -7.9% |
| 1997 | 8.1% | +5.5% |
| 1998 | 10.5% | +28.6% |
| 1999 | 10.7% | +2.1% |
| 2000 | 7.0% | -34.0% |
| 2001 | 6.4% | -8.5% |
| 2002 | 9.5% | +47.0% |
| 2003 | 23.8% | +151.4% |
| 2004 | 24.0% | +0.9% |
| 2005 | 24.0% | +0.0% |
| 2006 | 24.8% | +3.3% |
| 2007 | 24.1% | -2.7% |
| 2008 | 24.1% | +0.0% |
| 2009 | 24.0% | -0.5% |
| 2010 | 23.5% | -2.2% |
| 2011 | 23.5% | +0.0% |
| 2012 | 24.0% | +2.3% |
| 2013 | 24.0% | -0.0% |
| 2014 | 24.0% | -0.0% |
| 2015 | 24.0% | +0.0% |
| 2016 | 24.6% | +2.3% |
| 2017 | 25.2% | +2.7% |
| 2018 | 25.2% | -0.2% |
| 2019 | 24.6% | -2.4% |
| 2020 | 19.3% | -21.3% |
| 2021 | 12.9% | -33.5% |
| 2022 | 27.8% | +116.2% |
| 2023 | 10.2% | -63.3% |
Nigeria compared with similar countries
- Nigeria's 10.2% is below the median for lower middle income countries, which is 26.9%, 38% of the median. (47 countries reporting)
- Nigeria's 10.2% is below the median for Sub-Saharan Africa, which is 16.5%, 62% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies within region 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 |
|---|---|---|---|
| 1962 | +211.7% | 1.0% | 3.0% |
| 2003 | +151.4% | 9.5% | 23.8% |
| 1971 | +117.3% | 0.9% | 2.1% |
| 2022 | +116.2% | 12.9% | 27.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.0% | 0.8% | 3.3% | 10 |
| 1970s | 2.1% | 0.9% | 2.8% | 10 |
| 1980s | 4.3% | 2.8% | 6.6% | 9 |
| 1990s | 8.2% | 6.5% | 10.7% | 10 |
| 2000s | 19.2% | 6.4% | 24.8% | 10 |
| 2010s | 24.3% | 23.5% | 25.2% | 10 |
| 2020s | 17.5% | 10.2% | 27.8% | 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 within region in Nigeria?
- Merchandise exports to low- and middle-income economies within region in Nigeria was 10.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies within region recorded in Nigeria?
- The highest recorded value was 27.8% in 2022.
- What is the lowest merchandise exports to low- and middle-income economies within region recorded in Nigeria?
- The lowest recorded value was 0.8% in 1960.
- How does Nigeria rank for merchandise exports to low- and middle-income economies within region?
- Nigeria ranks 115th out of 203 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies within region rising or falling in Nigeria?
- Over the last ten years it is down 57.5%. 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 within region (% 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 within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.