Key information about Nigeria Total Exports

• Nigeria Total Exports expanded 56.4 % YoY in Sep 2024, compared with an increase of 112.1 % YoY in the previous month
• Nigeria Total Exports Growth data is updated monthly, available from Jan 2004 to Sep 2024, with an averaged rate of 17.8 %
• The data reached an all-time high of 880.9 % in Jun 2010 and a record low of -87.3 % in Jun 2009

• In the latest reports, Nigeria Total Exports recorded 3.7 USD bn in Sep 2024
• Total Imports recorded 3.0 USD bn in Mar 2023, which registered an increase of 62.9 % year on year
• Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

Exports of goods and services (annual % growth) in Nigeria was reported at --32.09 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Exports of goods and services (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Exports in Nigeria decreased to 6791873.72 NGN Million in March from 7014759.69 NGN Million in February of 2025. This dataset provides - Nigeria Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria Exports: Growth Rate: MoM data was reported at 7.249 % in Dec 2024. This records an increase from the previous number of -0.332 % for Nov 2024. Nigeria Exports: Growth Rate: MoM data is updated monthly, averaging 2.867 % from Jan 2019 (Median) to Dec 2024, with 72 observations. The data reached an all-time high of 49.503 % in Apr 2021 and a record low of -32.983 % in Mar 2020. Nigeria Exports: Growth Rate: MoM data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s Nigeria – Table NG.JA001: Trade Statistics: Monthly.

Nigeria exports for 1960 were 387.79 million US dollars, a 0% increase from .

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</ul>Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

Key information about Nigeria Total Exports

• Nigeria Total Exports recorded 3.7 USD bn in Sep 2024, compared with 4.6 USD bn in the previous month
• Nigeria Total Exports data is updated monthly, available from Jan 2003 to Sep 2024, with an averaged value of 4.7 USD bn
• The data reached an all-time high of 17.2 USD bn in Oct 2011 and a record low of 790.2 USD mn in Jun 2009

• In the latest reports, Nigeria Total Exports grew 56.4 % YoY in Sep 2024
• Total Imports recorded 3.0 USD bn in Mar 2023, which registered an increase of 62.9 % year on year
• Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

Nigeria: Exports of goods and services, annual growth: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Nigeria from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

In 2023, Nigeria's export of machinery, including computers, increased by 1,582 percent compared to the previous year. The export of these goods experienced the largest increase among the different product categories.

Nigeria NG: GDP: Growth: Exports of Goods and Services data was reported at 11.532 % in 2016. This records an increase from the previous number of 0.088 % for 2015. Nigeria NG: GDP: Growth: Exports of Goods and Services data is updated yearly, averaging 3.011 % from Dec 1982 (Median) to 2016, with 35 observations. The data reached an all-time high of 60.218 % in 2006 and a record low of -30.702 % in 2009. Nigeria NG: GDP: Growth: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Nigeria Exports of insecticides, rodenticides, fungicides, herbicides, plant-growth regulators to Cameroon was US$49.42 Thousand during 2023, according to the United Nations COMTRADE database on international trade.

Key information about Nigeria Total Imports Growth

• Nigeria Total Imports grew 62.9 % YoY in Mar 2023, compared with an increase of 52.6 % YoY in the previous month
• Nigeria Total Imports Growth data is updated monthly, available from Jan 2004 to Sep 2024, with an averaged rate of 18.0 %
• The data reached an all-time high of 302.1 % in Jun 2011 and a record low of -69.3 % in Mar 2012

• In the latest reports, Nigeria Total Imports recorded 3.0 USD bn in Mar 2023
• Total Exports reached 3.7 USD bn in Sep 2024, which registered an increase of 56.4 % year on year
• Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

As of 2022, exports from Nigeria to China amounted to an approximate total of *** billion U.S. dollars. This decreased from around ***** billion U.S. dollars in the previous year, which was a peak in the exports registered in the period under review. Generally, the value of Chinese imports from Nigeria has grown since 2000, when it stood at ***** million U.S. dollars.

In 2023, intra-African export trade in Nigeria totaled around 6.5 billion U.S. dollars. This marked an increase of over 11.4 percent compared to the previous year. According to a survey, African CEOs recognize the lack of access to information on markets, opportunities, and trading partners as major constraints preventing intra-African export trade.

Nigeria export data: leading in petroleum, oil, gas, and agrarian exports, driving economic growth and job creation.

Nigeria Exports of insecticides, rodenticides, fungicides, herbicides, plant-growth regulators to United States was US$16.46 Thousand during 2022, according to the United Nations COMTRADE database on international trade.

The value of service exports from Nigeria in 2023 totaled to around **** billion U.S. dollars. The term services includes such things as transport, tourism, financial and insurance services.

Nigeria Exports data was reported at 6,978,675.663 NGN mn in Dec 2024. This records an increase from the previous number of 6,506,990.557 NGN mn for Nov 2024. Nigeria Exports data is updated monthly, averaging 1,028,300.521 NGN mn from Jan 2003 (Median) to Dec 2024, with 264 observations. The data reached an all-time high of 7,345,006.785 NGN mn in Aug 2024 and a record low of 115,555.500 NGN mn in Jun 2009. Nigeria Exports data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s Nigeria – Table NG.JA006: Exports: by Countries.

Nigeria Exports of insecticides, rodenticides, fungicides, herbicides, plant-growth regulators to Australia was US$78.37 Thousand during 2012, according to the United Nations COMTRADE database on international trade.

As of 2021, around *** million U.S. dollars of Information and Communications Technology (ICT) services were exported from Nigeria. This decreased from over *** million U.S. dollars in the previous year, registering a growth deficit of around **** percent.

In 2023, goods valued at a total of ***** billion U.S. dollars were imported into Nigeria. Imports generally grew from 2000 until their peak in 2014, although there was a sharp drop in 2009 due to the Great Recession. Over the past decade, Nigerian import values have fluctuated as the government has attempted to capitalize on its rapid economic growth and clear international debts, as well as dealing with the economic impact of fluctuating oil prices and the covid pandemic. Over the given period, Nigeria has been a net exporter of goods, although it was a net importer in select years, including 2021, where exports totaled at just 47 billion U.S. dollars.