Merchandise imports from high-income economies in Nigeria
Nigeria: Merchandise imports from high-income economies was 65.4% in 2023. ▼ Falling
Merchandise imports from high-income economies in Nigeria, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Nigeria recorded 65.4% for merchandise imports from high-income economies in 2023.
That represents a change of up 8.0% on the previous year and up 10.5% over ten years.
Over the whole period, merchandise imports from high-income economies in Nigeria peaked at 96.9% in 1960 and was at its lowest, 52.4%, in 2020.
That places Nigeria 81st out of 206 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 63 years of available data.
Merchandise imports from high-income economies in Nigeria, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 96.9% | — |
| 1961 | 96.0% | -0.9% |
| 1962 | 93.5% | -2.6% |
| 1963 | 94.8% | +1.3% |
| 1964 | 93.1% | -1.8% |
| 1965 | 92.8% | -0.3% |
| 1966 | 92.7% | -0.0% |
| 1967 | 92.0% | -0.8% |
| 1968 | 92.5% | +0.6% |
| 1969 | 92.1% | -0.5% |
| 1970 | 94.0% | +2.1% |
| 1971 | 94.1% | +0.1% |
| 1972 | 94.8% | +0.8% |
| 1973 | 94.6% | -0.3% |
| 1974 | 94.4% | -0.2% |
| 1975 | 95.4% | +1.1% |
| 1976 | 94.8% | -0.6% |
| 1977 | 95.5% | +0.7% |
| 1978 | 95.0% | -0.5% |
| 1979 | 93.6% | -1.4% |
| 1981 | 93.0% | -0.6% |
| 1982 | 92.4% | -0.7% |
| 1983 | 93.7% | +1.4% |
| 1984 | 91.8% | -2.0% |
| 1985 | 88.0% | -4.1% |
| 1986 | 92.9% | +5.5% |
| 1987 | 92.9% | +0.0% |
| 1988 | 89.5% | -3.7% |
| 1989 | 90.5% | +1.2% |
| 1990 | 89.0% | -1.7% |
| 1991 | 88.6% | -0.5% |
| 1992 | 87.7% | -1.0% |
| 1993 | 86.7% | -1.2% |
| 1994 | 83.4% | -3.8% |
| 1995 | 80.9% | -2.9% |
| 1996 | 80.5% | -0.6% |
| 1997 | 76.6% | -4.8% |
| 1998 | 74.0% | -3.5% |
| 1999 | 72.2% | -2.4% |
| 2000 | 79.5% | +10.2% |
| 2001 | 73.1% | -8.1% |
| 2002 | 75.4% | +3.2% |
| 2003 | 58.7% | -22.2% |
| 2004 | 59.2% | +0.8% |
| 2005 | 59.2% | +0.0% |
| 2006 | 58.3% | -1.4% |
| 2007 | 58.8% | +0.8% |
| 2008 | 59.2% | +0.6% |
| 2009 | 59.5% | +0.5% |
| 2010 | 59.8% | +0.6% |
| 2011 | 59.7% | -0.3% |
| 2012 | 59.2% | -0.8% |
| 2013 | 59.2% | +0.0% |
| 2014 | 59.2% | -0.0% |
| 2015 | 59.2% | -0.0% |
| 2016 | 59.2% | +0.0% |
| 2017 | 60.5% | +2.2% |
| 2018 | 59.2% | -2.1% |
| 2019 | 59.2% | -0.0% |
| 2020 | 52.4% | -11.4% |
| 2021 | 55.1% | +5.2% |
| 2022 | 60.6% | +9.8% |
| 2023 | 65.4% | +8.0% |
Nigeria compared with similar countries
- Nigeria's 65.4% is above the median for lower middle income countries, which is 43.4%, 1.5× the median. (47 countries reporting)
- Nigeria's 65.4% is above the median for Sub-Saharan Africa, which is 42.2%, 1.6× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 93.6% | 92.0% | 96.9% | 10 |
| 1970s | 94.6% | 93.6% | 95.5% | 10 |
| 1980s | 91.6% | 88.0% | 93.7% | 9 |
| 1990s | 82.0% | 72.2% | 89.0% | 10 |
| 2000s | 64.1% | 58.3% | 79.5% | 10 |
| 2010s | 59.4% | 59.2% | 60.5% | 10 |
| 2020s | 58.4% | 52.4% | 65.4% | 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 imports from high-income economies in Nigeria?
- Merchandise imports from high-income economies in Nigeria was 65.4% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from high-income economies recorded in Nigeria?
- The highest recorded value was 96.9% in 1960.
- What is the lowest merchandise imports from high-income economies recorded in Nigeria?
- The lowest recorded value was 52.4% in 2020.
- How does Nigeria rank for merchandise imports from high-income economies?
- Nigeria ranks 81st out of 206 countries with data for 2023.
- Is merchandise imports from high-income economies rising or falling in Nigeria?
- Over the last ten years it is up 10.5%. 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 imports from high-income economies (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.