Merchandise imports by the reporting economy (current US$) in Nigeria
Nigeria: Merchandise imports by the reporting economy (current US$) was 64.30 billion current US$ in 2023. ◆ Volatile
Latest (2023)
64.30 billion current US$
Change on year
up 2.4%
World rank
49th
of 206 countries
All-time high
82.34 billion current US$
in 2011
All-time low
481.20 million current US$
in 1968
Years of data
63
1960–2023
Merchandise imports by the reporting economy in Nigeria, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for merchandise imports by the reporting economy in Nigeria is 64.30 billion current US$, measured in 2023.
The figure is up 2.4% on the previous year and down 20.4% over ten years.
Over the whole period, merchandise imports by the reporting economy in Nigeria peaked at 82.34 billion current US$ in 2011 and was at its lowest, 481.20 million current US$, in 1968.
That places Nigeria 49th out of 206 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$) in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 530.40 million current US$ | — |
| 1961 | 534.00 million current US$ | +0.7% |
| 1962 | 529.20 million current US$ | -0.9% |
| 1963 | 537.70 million current US$ | +1.6% |
| 1964 | 667.40 million current US$ | +24.1% |
| 1965 | 720.70 million current US$ | +8.0% |
| 1966 | 682.20 million current US$ | -5.3% |
| 1967 | 582.70 million current US$ | -14.6% |
| 1968 | 481.20 million current US$ | -17.4% |
| 1969 | 633.10 million current US$ | +31.6% |
| 1970 | 973.60 million current US$ | +53.8% |
| 1971 | 1.41 billion current US$ | +45.2% |
| 1972 | 1.41 billion current US$ | -0.0% |
| 1973 | 1.73 billion current US$ | +22.5% |
| 1974 | 2.57 billion current US$ | +48.3% |
| 1975 | 5.70 billion current US$ | +121.8% |
| 1976 | 7.77 billion current US$ | +36.4% |
| 1977 | 10.35 billion current US$ | +33.2% |
| 1978 | 12.04 billion current US$ | +16.4% |
| 1979 | 9.50 billion current US$ | -21.1% |
| 1981 | 17.42 billion current US$ | +83.4% |
| 1982 | 12.10 billion current US$ | -30.5% |
| 1983 | 9.47 billion current US$ | -21.8% |
| 1984 | 5.41 billion current US$ | -42.9% |
| 1985 | 5.89 billion current US$ | +8.9% |
| 1986 | 3.18 billion current US$ | -46.0% |
| 1987 | 3.66 billion current US$ | +15.0% |
| 1988 | 3.65 billion current US$ | -0.2% |
| 1989 | 3.24 billion current US$ | -11.3% |
| 1990 | 4.05 billion current US$ | +25.3% |
| 1991 | 5.17 billion current US$ | +27.5% |
| 1992 | 9.02 billion current US$ | +74.5% |
| 1993 | 7.42 billion current US$ | -17.7% |
| 1994 | 5.29 billion current US$ | -28.7% |
| 1995 | 5.65 billion current US$ | +6.9% |
| 1996 | 6.63 billion current US$ | +17.2% |
| 1997 | 6.99 billion current US$ | +5.6% |
| 1998 | 7.60 billion current US$ | +8.6% |
| 1999 | 7.68 billion current US$ | +1.1% |
| 2000 | 5.79 billion current US$ | -24.6% |
| 2001 | 7.91 billion current US$ | +36.6% |
| 2002 | 8.72 billion current US$ | +10.2% |
| 2003 | 20.11 billion current US$ | +130.6% |
| 2004 | 24.83 billion current US$ | +23.5% |
| 2005 | 31.06 billion current US$ | +25.1% |
| 2006 | 38.47 billion current US$ | +23.9% |
| 2007 | 45.19 billion current US$ | +17.5% |
| 2008 | 69.22 billion current US$ | +53.2% |
| 2009 | 55.20 billion current US$ | -20.3% |
| 2010 | 62.43 billion current US$ | +13.1% |
| 2011 | 82.34 billion current US$ | +31.9% |
| 2012 | 71.67 billion current US$ | -13.0% |
| 2013 | 80.80 billion current US$ | +12.7% |
| 2014 | 79.73 billion current US$ | -1.3% |
| 2015 | 57.17 billion current US$ | -28.3% |
| 2016 | 44.61 billion current US$ | -22.0% |
| 2017 | 56.93 billion current US$ | +27.6% |
| 2018 | 61.79 billion current US$ | +8.5% |
| 2019 | 65.38 billion current US$ | +5.8% |
| 2020 | 55.37 billion current US$ | -15.3% |
| 2021 | 51.89 billion current US$ | -6.3% |
| 2022 | 62.83 billion current US$ | +21.1% |
| 2023 | 64.30 billion current US$ | +2.4% |
Nigeria compared with similar countries
- Nigeria's 64.30 billion current US$ is above the median for lower middle income countries, which is 8.62 billion current US$, 7.5× the median. (47 countries reporting)
- Nigeria's 64.30 billion current US$ is above the median for Sub-Saharan Africa, which is 4.61 billion current US$, 14.0× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 589.86 million current US$ | 481.20 million current US$ | 720.70 million current US$ | 10 |
| 1970s | 5.35 billion current US$ | 973.60 million current US$ | 12.04 billion current US$ | 10 |
| 1980s | 7.11 billion current US$ | 3.18 billion current US$ | 17.42 billion current US$ | 9 |
| 1990s | 6.55 billion current US$ | 4.05 billion current US$ | 9.02 billion current US$ | 10 |
| 2000s | 30.65 billion current US$ | 5.79 billion current US$ | 69.22 billion current US$ | 10 |
| 2010s | 66.29 billion current US$ | 44.61 billion current US$ | 82.34 billion current US$ | 10 |
| 2020s | 58.60 billion current US$ | 51.89 billion current US$ | 64.30 billion current US$ | 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$), annual growth rate 4.03 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy in Nigeria?
- Merchandise imports by the reporting economy in Nigeria was 64.30 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy recorded in Nigeria?
- The highest recorded value was 82.34 billion current US$ in 2011.
- What is the lowest merchandise imports by the reporting economy recorded in Nigeria?
- The lowest recorded value was 481.20 million current US$ in 1968.
- How does Nigeria rank for merchandise imports by the reporting economy?
- Nigeria ranks 49th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy rising or falling in Nigeria?
- Over the last ten years it is down 20.4%. 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 imports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.