Exports Merchandise, Customs, current US$, millions in Nigeria

Nigeria: Exports Merchandise, Customs, current US$, millions was 36.03 in 2024. ◆ Volatile

Latest (2024)
36.03
Change on year
down 61.1%
World rank
122nd
of 128 countries
All-time high
729.24
in 2008
All-time low
36.03
in 2024
Years of data
17
2008–2024

Exports Merchandise, Customs, current US$, millions in Nigeria, 2008–2024

02004006008002008201620242008: 729.22009: 378.52010: 519.92011: 623.42012: 593.82013: 597.42014: 501.92015: 2322016: 139.32017: 136.82018: 169.32019: 179.92020: 952021: 114.62022: 151.22023: 92.52024: 36

Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.

Analysis

Nigeria recorded 36.03 for exports merchandise, customs, current us$, millions in 2024. That is the lowest value across all 17 years on record.

Compared with earlier readings it is down 61.1% on the previous year and down 92.8% over ten years.

Over the whole period, exports merchandise, customs, current us$, millions in Nigeria peaked at 729.24 in 2008 and was at its lowest, 36.03, in 2024.

That places Nigeria 122nd out of 128 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 553.88 378.51 729.24 2
2010s 369.37 136.83 623.39 10
2020s 97.88 36.03 151.21 5

Countries ranked near Nigeria

  1. 119 Central African Republic 74.35 compare
  2. 120 Slovenia 66.64 compare
  3. 121 Samoa 41.83 compare
  4. 123 Dominica 29 compare
  5. 124 Croatia 26.13 compare
  6. 125 Tonga 16.38 compare

See the full ranking of 138 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is exports merchandise, customs, current us$, millions in Nigeria?
Exports merchandise, customs, current us$, millions in Nigeria was 36.03 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
What is the highest exports merchandise, customs, current us$, millions recorded in Nigeria?
The highest recorded value was 729.24 in 2008.
What is the lowest exports merchandise, customs, current us$, millions recorded in Nigeria?
The lowest recorded value was 36.03 in 2024.
How does Nigeria rank for exports merchandise, customs, current us$, millions?
Nigeria ranks 122nd out of 128 countries with data for 2024.
Is exports merchandise, customs, current us$, millions rising or falling in Nigeria?
Over the last ten years it is down 92.8%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?
The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Exports Merchandise, Customs, current US$, millions. Statizoid updates them automatically from the source API.

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About this data

Indicator
Exports Merchandise, Customs, current US$, millions
Source
World Bank staff calculations based on Datastream and IMF International Finance Statistics data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
138 places, 4,178 data points, 1991–2024
Last refreshed

Merchandise (goods) exports, free on board (f.o.b.), in current US$ millions, not seasonally adjusted.