Goods exports in Nigeria
Nigeria: Goods exports was 57.49 billion BoP, current US$ in 2025. ◆ Volatile
Goods exports in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for goods exports in Nigeria is 57.49 billion BoP, current US$, measured in 2025.
The figure is up 8.5% on the previous year and up 25.3% over ten years.
Over the whole period, goods exports in Nigeria peaked at 99.05 billion BoP, current US$ in 2011 and was at its lowest, 2.56 billion BoP, current US$, in 1998.
Nigeria ranks 50th of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.18 billion BoP, current US$ | 10.44 billion BoP, current US$ | 16.73 billion BoP, current US$ | 3 |
| 1980s | 11.87 billion BoP, current US$ | 5.08 billion BoP, current US$ | 25.94 billion BoP, current US$ | 10 |
| 1990s | 8.58 billion BoP, current US$ | 2.56 billion BoP, current US$ | 13.59 billion BoP, current US$ | 10 |
| 2000s | 43.16 billion BoP, current US$ | 15.61 billion BoP, current US$ | 85.75 billion BoP, current US$ | 10 |
| 2010s | 70.70 billion BoP, current US$ | 34.70 billion BoP, current US$ | 99.05 billion BoP, current US$ | 10 |
| 2020s | 52.22 billion BoP, current US$ | 35.94 billion BoP, current US$ | 64.23 billion BoP, current US$ | 6 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Inflation of consumer prices 23.0% (2025)
- GDP per capita 2,369 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.3% (2025)
- Gross domestic product (GDP) 562.59 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,369 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,518 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
Frequently asked questions
- What is goods exports in Nigeria?
- Goods exports in Nigeria was 57.49 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods exports recorded in Nigeria?
- The highest recorded value was 99.05 billion BoP, current US$ in 2011.
- What is the lowest goods exports recorded in Nigeria?
- The lowest recorded value was 2.56 billion BoP, current US$ in 1998.
- How does Nigeria rank for goods exports?
- Nigeria ranks 50th out of 198 countries with data for 2025.
- Is goods exports rising or falling in Nigeria?
- Over the last ten years it is up 25.3%. 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 Goods exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods occur when there are 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. 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.