Merchandise imports by the reporting economy (current US$), annual in Nigeria
Nigeria: Merchandise imports by the reporting economy (current US$), annual was 2.35 % change on previous year in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), annual in Nigeria, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for merchandise imports by the reporting economy (current us$), annual in Nigeria is 2.35 % change on previous year, measured in 2023.
Compared with earlier readings it is down 88.8% on the previous year and down 81.5% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), annual in Nigeria peaked at 130.59 % change on previous year in 2003 and was at its lowest, -46 % change on previous year, in 1986.
Nigeria ranks 78th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$), annual in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 0.6787 % change on previous year | — |
| 1962 | -0.8989 % change on previous year | -232.4% |
| 1963 | 1.61 % change on previous year | -278.7% |
| 1964 | 24.12 % change on previous year | +1401.8% |
| 1965 | 7.99 % change on previous year | -66.9% |
| 1966 | -5.34 % change on previous year | -166.9% |
| 1967 | -14.59 % change on previous year | +173.0% |
| 1968 | -17.42 % change on previous year | +19.4% |
| 1969 | 31.57 % change on previous year | -281.2% |
| 1970 | 53.78 % change on previous year | +70.4% |
| 1971 | 45.22 % change on previous year | -15.9% |
| 1972 | -0.0141 % change on previous year | -100.0% |
| 1973 | 22.5 % change on previous year | -159171.9% |
| 1974 | 48.35 % change on previous year | +114.9% |
| 1975 | 121.83 % change on previous year | +152.0% |
| 1976 | 36.36 % change on previous year | -70.2% |
| 1977 | 33.18 % change on previous year | -8.7% |
| 1978 | 16.36 % change on previous year | -50.7% |
| 1979 | -21.13 % change on previous year | -229.1% |
| 1982 | -30.52 % change on previous year | +44.4% |
| 1983 | -21.75 % change on previous year | -28.7% |
| 1984 | -42.89 % change on previous year | +97.2% |
| 1985 | 8.88 % change on previous year | -120.7% |
| 1986 | -46 % change on previous year | -617.7% |
| 1987 | 14.96 % change on previous year | -132.5% |
| 1988 | -0.2276 % change on previous year | -101.5% |
| 1989 | -11.26 % change on previous year | +4850.2% |
| 1990 | 25.27 % change on previous year | -324.3% |
| 1991 | 27.45 % change on previous year | +8.6% |
| 1992 | 74.55 % change on previous year | +171.5% |
| 1993 | -17.71 % change on previous year | -123.8% |
| 1994 | -28.72 % change on previous year | +62.1% |
| 1995 | 6.86 % change on previous year | -123.9% |
| 1996 | 17.17 % change on previous year | +150.4% |
| 1997 | 5.57 % change on previous year | -67.6% |
| 1998 | 8.64 % change on previous year | +55.1% |
| 1999 | 1.06 % change on previous year | -87.8% |
| 2000 | -24.59 % change on previous year | -2427.2% |
| 2001 | 36.64 % change on previous year | -249.0% |
| 2002 | 10.2 % change on previous year | -72.2% |
| 2003 | 130.59 % change on previous year | +1181.0% |
| 2004 | 23.48 % change on previous year | -82.0% |
| 2005 | 25.1 % change on previous year | +6.9% |
| 2006 | 23.89 % change on previous year | -4.8% |
| 2007 | 17.46 % change on previous year | -26.9% |
| 2008 | 53.18 % change on previous year | +204.6% |
| 2009 | -20.25 % change on previous year | -138.1% |
| 2010 | 13.1 % change on previous year | -164.7% |
| 2011 | 31.88 % change on previous year | +143.4% |
| 2012 | -12.95 % change on previous year | -140.6% |
| 2013 | 12.74 % change on previous year | -198.4% |
| 2014 | -1.33 % change on previous year | -110.5% |
| 2015 | -28.29 % change on previous year | +2021.4% |
| 2016 | -21.97 % change on previous year | -22.3% |
| 2017 | 27.61 % change on previous year | -225.6% |
| 2018 | 8.54 % change on previous year | -69.1% |
| 2019 | 5.81 % change on previous year | -32.0% |
| 2020 | -15.3 % change on previous year | -363.4% |
| 2021 | -6.29 % change on previous year | -58.9% |
| 2022 | 21.08 % change on previous year | -435.0% |
| 2023 | 2.35 % change on previous year | -88.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.08 % change on previous year | -17.42 % change on previous year | 31.57 % change on previous year | 9 |
| 1970s | 35.64 % change on previous year | -21.13 % change on previous year | 121.83 % change on previous year | 10 |
| 1980s | -16.1 % change on previous year | -46 % change on previous year | 14.96 % change on previous year | 8 |
| 1990s | 12.01 % change on previous year | -28.72 % change on previous year | 74.55 % change on previous year | 10 |
| 2000s | 27.57 % change on previous year | -24.59 % change on previous year | 130.59 % change on previous year | 10 |
| 2010s | 3.51 % change on previous year | -28.29 % change on previous year | 31.88 % change on previous year | 10 |
| 2020s | 0.4584 % change on previous year | -15.3 % change on previous year | 21.08 % change on previous year | 4 |
Countries ranked near Nigeria
- 75 Ireland 2.71 % change on previous year compare
- 76 Cameroon 2.6 % change on previous year compare
- 77 Türkiye 2.48 % change on previous year compare
- 79 Rwanda 2.34 % change on previous year compare
- 80 Switzerland 2.11 % change on previous year compare
- 81 Curaçao 1.79 % change on previous year compare
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$), annual growth rate 4.03 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), annual in Nigeria?
- Merchandise imports by the reporting economy (current us$), annual in Nigeria was 2.35 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), annual recorded in Nigeria?
- The highest recorded value was 130.59 % change on previous year in 2003.
- What is the lowest merchandise imports by the reporting economy (current us$), annual recorded in Nigeria?
- The lowest recorded value was -46 % change on previous year in 1986.
- How does Nigeria rank for merchandise imports by the reporting economy (current us$), annual?
- Nigeria ranks 78th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), annual rising or falling in Nigeria?
- Over the last ten years it is down 81.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.