Commodity | Reporter | Partner | Trade flow | Indicator | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
TOTAL. ALL COMMODITIES | Nigeria | World | Exports | Value (US$) | 143,151,182,808.00 | 90,554,484,841.00 | 102,878,499,711.00 | 48,433,351,369.65 | 32,883,045,467.00 | 44,466,366,757.11 | 62,399,742,736.87 | 53,617,812,190.30 | 34,900,471,091.31 | 47,231,712,930.36 | 63,416,711,381.60 | 65,129,007,547.86 |
Value Growth, YoY (%) | 13.93 | -36.74 | 13.60 | -52.92 | -32.10 | 35.22 | 40.33 | -14.07 | -34.90 | 35.33 | 34.26 | 2.70 | ||||
Imports | Value (US$) | 35,872,509,437.00 | 44,598,201,120.00 | 46,532,265,378.00 | 33,830,878,655.19 | 35,194,301,007.00 | 31,270,090,265.07 | 43,011,523,214.81 | 47,369,076,912.28 | 55,455,401,890.46 | 52,068,286,983.14 | 60,671,382,373.66 | 65,047,894,217.89 | |||
Value Growth, YoY (%) | -43.92 | 24.32 | 4.33 | -27.29 | 4.03 | -11.15 | 37.54 | 10.13 | 17.07 | -6.10 | 16.52 | 7.21 |
The value of merchandise exports from Nigeria totalled $ 65 billion in 2023. Merchandise exports from Nigeria increased by 2.7% compared to 2022. Goods exports grew up by $ 1.71 billion in 2023 (the value of merchandise exports from Nigeria amounted to $63 billion in 2022)
Top export destinations of commodities from Nigeria in 2023:
Nigeria's Top Exports in 2023:
The value of merchandise imports to Nigeria totalled $ 65 billion in 2023. Merchandise imports to Nigeria increased by 7.21% compared to 2022. Goods imports grew up by $ 4.37 billion in 2023 (the value of merchandise imports to Nigeria was equal to $60 billion in 2022)
Top trading partners (import sources) of Nigeria in 2023:
Nigeria's Top Imports in 2023: