Exports of goods and services in Nigeria
Nigeria: Exports of goods and services was 62.54 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
62.54 billion BoP, current US$
Change on year
up 8.7%
World rank
59th
of 200 countries
All-time high
102.44 billion BoP, current US$
in 2011
All-time low
2.81 billion BoP, current US$
in 1998
Years of data
49
1977–2025
Exports of goods and services in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, exports of goods and services in Nigeria stood at 62.54 billion BoP, current US$.
Compared with earlier readings it is up 8.7% on the previous year and up 27.5% over ten years.
Over the whole period, exports of goods and services in Nigeria peaked at 102.44 billion BoP, current US$ in 2011 and was at its lowest, 2.81 billion BoP, current US$, in 1998.
Nigeria ranks 59th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 12.94 billion BoP, current US$ | — |
| 1978 | 11.32 billion BoP, current US$ | -12.5% |
| 1979 | 17.76 billion BoP, current US$ | +56.9% |
| 1980 | 27.07 billion BoP, current US$ | +52.4% |
| 1981 | 18.77 billion BoP, current US$ | -30.7% |
| 1982 | 12.66 billion BoP, current US$ | -32.6% |
| 1983 | 10.76 billion BoP, current US$ | -15.0% |
| 1984 | 12.29 billion BoP, current US$ | +14.2% |
| 1985 | 13.43 billion BoP, current US$ | +9.3% |
| 1986 | 5.33 billion BoP, current US$ | -60.3% |
| 1987 | 7.78 billion BoP, current US$ | +45.9% |
| 1988 | 7.24 billion BoP, current US$ | -7.0% |
| 1989 | 8.42 billion BoP, current US$ | +16.4% |
| 1990 | 14.55 billion BoP, current US$ | +72.7% |
| 1991 | 13.14 billion BoP, current US$ | -9.7% |
| 1992 | 12.84 billion BoP, current US$ | -2.3% |
| 1993 | 11.07 billion BoP, current US$ | -13.8% |
| 1994 | 9.83 billion BoP, current US$ | -11.2% |
| 1995 | 3.84 billion BoP, current US$ | -60.9% |
| 1996 | 5.28 billion BoP, current US$ | +37.5% |
| 1997 | 4.88 billion BoP, current US$ | -7.6% |
| 1998 | 2.81 billion BoP, current US$ | -42.4% |
| 1999 | 13.86 billion BoP, current US$ | +393.4% |
| 2000 | 20.97 billion BoP, current US$ | +51.3% |
| 2001 | 19.64 billion BoP, current US$ | -6.3% |
| 2002 | 18.14 billion BoP, current US$ | -7.7% |
| 2003 | 27.45 billion BoP, current US$ | +51.3% |
| 2004 | 38.10 billion BoP, current US$ | +38.8% |
| 2005 | 56.99 billion BoP, current US$ | +49.6% |
| 2006 | 59.23 billion BoP, current US$ | +3.9% |
| 2007 | 67.49 billion BoP, current US$ | +13.9% |
| 2008 | 88.01 billion BoP, current US$ | +30.4% |
| 2009 | 58.39 billion BoP, current US$ | -33.7% |
| 2010 | 82.70 billion BoP, current US$ | +41.6% |
| 2011 | 102.44 billion BoP, current US$ | +23.9% |
| 2012 | 98.52 billion BoP, current US$ | -3.8% |
| 2013 | 99.42 billion BoP, current US$ | +0.9% |
| 2014 | 84.59 billion BoP, current US$ | -14.9% |
| 2015 | 49.05 billion BoP, current US$ | -42.0% |
| 2016 | 38.45 billion BoP, current US$ | -21.6% |
| 2017 | 50.85 billion BoP, current US$ | +32.3% |
| 2018 | 66.04 billion BoP, current US$ | +29.9% |
| 2019 | 69.93 billion BoP, current US$ | +5.9% |
| 2020 | 39.94 billion BoP, current US$ | -42.9% |
| 2021 | 50.86 billion BoP, current US$ | +27.3% |
| 2022 | 69.09 billion BoP, current US$ | +35.9% |
| 2023 | 60.26 billion BoP, current US$ | -12.8% |
| 2024 | 57.54 billion BoP, current US$ | -4.5% |
| 2025 | 62.54 billion BoP, current US$ | +8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.00 billion BoP, current US$ | 11.32 billion BoP, current US$ | 17.76 billion BoP, current US$ | 3 |
| 1980s | 12.38 billion BoP, current US$ | 5.33 billion BoP, current US$ | 27.07 billion BoP, current US$ | 10 |
| 1990s | 9.21 billion BoP, current US$ | 2.81 billion BoP, current US$ | 14.55 billion BoP, current US$ | 10 |
| 2000s | 45.44 billion BoP, current US$ | 18.14 billion BoP, current US$ | 88.01 billion BoP, current US$ | 10 |
| 2010s | 74.20 billion BoP, current US$ | 38.45 billion BoP, current US$ | 102.44 billion BoP, current US$ | 10 |
| 2020s | 56.70 billion BoP, current US$ | 39.94 billion BoP, current US$ | 69.09 billion BoP, current US$ | 6 |
Countries ranked near Nigeria
- 56 New Zealand 66.72 billion BoP, current US$ compare
- 57 Bulgaria 66.56 billion BoP, current US$ compare
- 58 Slovenia 63.03 billion BoP, current US$ compare
- 60 Ukraine 56.64 billion BoP, current US$ compare
- 61 Serbia 53.90 billion BoP, current US$ compare
- 62 Algeria 53.05 billion BoP, current US$ compare
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.18 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 348.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 427,154 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.4555 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 557.59 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 209.92 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is exports of goods and services in Nigeria?
- Exports of goods and services in Nigeria was 62.54 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods and services recorded in Nigeria?
- The highest recorded value was 102.44 billion BoP, current US$ in 2011.
- What is the lowest exports of goods and services recorded in Nigeria?
- The lowest recorded value was 2.81 billion BoP, current US$ in 1998.
- How does Nigeria rank for exports of goods and services?
- Nigeria ranks 59th out of 200 countries with data for 2025.
- Is exports of goods and services rising or falling in Nigeria?
- Over the last ten years it is up 27.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Exports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.