Goods exports (BoP, current US$) in Nigeria
Nigeria: Goods exports (BoP, current US$) 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$, in 1998.
Nigeria ranks 50th of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods exports (BoP, current US$) in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 12.37 billion BoP, current US$ | — |
| 1978 | 10.44 billion BoP, current US$ | -15.6% |
| 1979 | 16.73 billion BoP, current US$ | +60.3% |
| 1980 | 25.94 billion BoP, current US$ | +55.0% |
| 1981 | 17.84 billion BoP, current US$ | -31.2% |
| 1982 | 12.15 billion BoP, current US$ | -31.9% |
| 1983 | 10.36 billion BoP, current US$ | -14.8% |
| 1984 | 11.86 billion BoP, current US$ | +14.5% |
| 1985 | 13.11 billion BoP, current US$ | +10.6% |
| 1986 | 5.08 billion BoP, current US$ | -61.2% |
| 1987 | 7.56 billion BoP, current US$ | +48.7% |
| 1988 | 6.88 billion BoP, current US$ | -9.1% |
| 1989 | 7.87 billion BoP, current US$ | +14.5% |
| 1990 | 13.59 billion BoP, current US$ | +72.6% |
| 1991 | 12.25 billion BoP, current US$ | -9.8% |
| 1992 | 11.79 billion BoP, current US$ | -3.8% |
| 1993 | 9.91 billion BoP, current US$ | -16.0% |
| 1994 | 9.46 billion BoP, current US$ | -4.6% |
| 1995 | 3.65 billion BoP, current US$ | -61.4% |
| 1996 | 5.05 billion BoP, current US$ | +38.3% |
| 1997 | 4.64 billion BoP, current US$ | -8.1% |
| 1998 | 2.56 billion BoP, current US$ | -44.9% |
| 1999 | 12.88 billion BoP, current US$ | +403.7% |
| 2000 | 19.13 billion BoP, current US$ | +48.6% |
| 2001 | 17.99 billion BoP, current US$ | -6.0% |
| 2002 | 15.61 billion BoP, current US$ | -13.2% |
| 2003 | 23.98 billion BoP, current US$ | +53.6% |
| 2004 | 34.77 billion BoP, current US$ | +45.0% |
| 2005 | 55.20 billion BoP, current US$ | +58.8% |
| 2006 | 56.93 billion BoP, current US$ | +3.1% |
| 2007 | 66.05 billion BoP, current US$ | +16.0% |
| 2008 | 85.75 billion BoP, current US$ | +29.8% |
| 2009 | 56.17 billion BoP, current US$ | -34.5% |
| 2010 | 79.62 billion BoP, current US$ | +41.7% |
| 2011 | 99.05 billion BoP, current US$ | +24.4% |
| 2012 | 96.12 billion BoP, current US$ | -3.0% |
| 2013 | 97.02 billion BoP, current US$ | +0.9% |
| 2014 | 82.60 billion BoP, current US$ | -14.9% |
| 2015 | 45.89 billion BoP, current US$ | -44.4% |
| 2016 | 34.70 billion BoP, current US$ | -24.4% |
| 2017 | 45.82 billion BoP, current US$ | +32.0% |
| 2018 | 61.22 billion BoP, current US$ | +33.6% |
| 2019 | 64.98 billion BoP, current US$ | +6.1% |
| 2020 | 35.94 billion BoP, current US$ | -44.7% |
| 2021 | 46.86 billion BoP, current US$ | +30.4% |
| 2022 | 64.23 billion BoP, current US$ | +37.1% |
| 2023 | 55.82 billion BoP, current US$ | -13.1% |
| 2024 | 52.97 billion BoP, current US$ | -5.1% |
| 2025 | 57.49 billion BoP, current US$ | +8.5% |
Nigeria compared with similar countries
- Nigeria's 57.49 billion BoP, current US$ is above the median for lower middle income countries, which is 6.88 billion BoP, current US$, 8.4× the median. (47 countries reporting)
- Nigeria's 57.49 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 4.01 billion BoP, current US$, 14.3× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Goods exports (BoP, current US$) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +403.7% | 2.56 billion BoP, current US$ | 12.88 billion BoP, current US$ |
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
- 47 Kuwait 70.69 billion BoP, current US$ compare
- 48 Philippines 63.43 billion BoP, current US$ compare
- 49 Oman 60.41 billion BoP, current US$ compare
- 51 Greece 53.54 billion BoP, current US$ compare
- 52 Colombia 51.49 billion BoP, current US$ compare
- 53 Bulgaria 47.94 billion BoP, current US$ compare
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (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 200 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.