Goods imports (BoP, current US$) in Nigeria
Nigeria: Goods imports (BoP, current US$) was 42.98 billion BoP, current US$ in 2025. ◆ Volatile
Goods imports in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for goods imports in Nigeria is 42.98 billion BoP, current US$, measured in 2025.
The figure is up 8.0% on the previous year and down 17.9% over ten years.
Over the whole period, goods imports in Nigeria peaked at 66.22 billion BoP, current US$ in 2011 and was at its lowest, 2.02 billion BoP, current US$, in 1996.
That places Nigeria 62nd out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods imports (BoP, current US$) in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 9.68 billion BoP, current US$ | — |
| 1978 | 11.61 billion BoP, current US$ | +19.9% |
| 1979 | 11.82 billion BoP, current US$ | +1.8% |
| 1980 | 14.73 billion BoP, current US$ | +24.6% |
| 1981 | 18.98 billion BoP, current US$ | +28.9% |
| 1982 | 14.87 billion BoP, current US$ | -21.7% |
| 1983 | 11.44 billion BoP, current US$ | -23.1% |
| 1984 | 8.86 billion BoP, current US$ | -22.6% |
| 1985 | 7.45 billion BoP, current US$ | -15.9% |
| 1986 | 3.14 billion BoP, current US$ | -57.9% |
| 1987 | 4.08 billion BoP, current US$ | +30.1% |
| 1988 | 4.35 billion BoP, current US$ | +6.7% |
| 1989 | 3.69 billion BoP, current US$ | -15.2% |
| 1990 | 4.93 billion BoP, current US$ | +33.5% |
| 1991 | 7.81 billion BoP, current US$ | +58.4% |
| 1992 | 7.18 billion BoP, current US$ | -8.1% |
| 1993 | 6.66 billion BoP, current US$ | -7.2% |
| 1994 | 6.51 billion BoP, current US$ | -2.3% |
| 1995 | 2.56 billion BoP, current US$ | -60.7% |
| 1996 | 2.02 billion BoP, current US$ | -21.1% |
| 1997 | 2.90 billion BoP, current US$ | +43.7% |
| 1998 | 2.62 billion BoP, current US$ | -9.4% |
| 1999 | 8.59 billion BoP, current US$ | +227.2% |
| 2000 | 8.72 billion BoP, current US$ | +1.5% |
| 2001 | 11.10 billion BoP, current US$ | +27.3% |
| 2002 | 10.88 billion BoP, current US$ | -2.0% |
| 2003 | 16.15 billion BoP, current US$ | +48.5% |
| 2004 | 15.01 billion BoP, current US$ | -7.1% |
| 2005 | 26.00 billion BoP, current US$ | +73.3% |
| 2006 | 21.99 billion BoP, current US$ | -15.4% |
| 2007 | 28.30 billion BoP, current US$ | +28.7% |
| 2008 | 39.83 billion BoP, current US$ | +40.8% |
| 2009 | 30.78 billion BoP, current US$ | -22.7% |
| 2010 | 49.52 billion BoP, current US$ | +60.9% |
| 2011 | 66.22 billion BoP, current US$ | +33.7% |
| 2012 | 56.93 billion BoP, current US$ | -14.0% |
| 2013 | 54.85 billion BoP, current US$ | -3.7% |
| 2014 | 61.54 billion BoP, current US$ | +12.2% |
| 2015 | 52.33 billion BoP, current US$ | -15.0% |
| 2016 | 35.24 billion BoP, current US$ | -32.7% |
| 2017 | 32.67 billion BoP, current US$ | -7.3% |
| 2018 | 40.75 billion BoP, current US$ | +24.7% |
| 2019 | 62.11 billion BoP, current US$ | +52.4% |
| 2020 | 52.35 billion BoP, current US$ | -15.7% |
| 2021 | 51.42 billion BoP, current US$ | -1.8% |
| 2022 | 58.23 billion BoP, current US$ | +13.2% |
| 2023 | 47.75 billion BoP, current US$ | -18.0% |
| 2024 | 39.80 billion BoP, current US$ | -16.6% |
| 2025 | 42.98 billion BoP, current US$ | +8.0% |
Nigeria compared with similar countries
- Nigeria's 42.98 billion BoP, current US$ is above the median for lower middle income countries, which is 10.13 billion BoP, current US$, 4.2× the median. (47 countries reporting)
- Nigeria's 42.98 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 4.65 billion BoP, current US$, 9.2× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Goods imports (BoP, current US$) 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 | +227.2% | 2.62 billion BoP, current US$ | 8.59 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.04 billion BoP, current US$ | 9.68 billion BoP, current US$ | 11.82 billion BoP, current US$ | 3 |
| 1980s | 9.16 billion BoP, current US$ | 3.14 billion BoP, current US$ | 18.98 billion BoP, current US$ | 10 |
| 1990s | 5.18 billion BoP, current US$ | 2.02 billion BoP, current US$ | 8.59 billion BoP, current US$ | 10 |
| 2000s | 20.88 billion BoP, current US$ | 8.72 billion BoP, current US$ | 39.83 billion BoP, current US$ | 10 |
| 2010s | 51.22 billion BoP, current US$ | 32.67 billion BoP, current US$ | 66.22 billion BoP, current US$ | 10 |
| 2020s | 48.75 billion BoP, current US$ | 39.80 billion BoP, current US$ | 58.23 billion BoP, current US$ | 6 |
Countries ranked near Nigeria
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 imports in Nigeria?
- Goods imports in Nigeria was 42.98 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 imports recorded in Nigeria?
- The highest recorded value was 66.22 billion BoP, current US$ in 2011.
- What is the lowest goods imports recorded in Nigeria?
- The lowest recorded value was 2.02 billion BoP, current US$ in 1996.
- How does Nigeria rank for goods imports?
- Nigeria ranks 62nd out of 200 countries with data for 2025.
- Is goods imports rising or falling in Nigeria?
- Over the last ten years it is down 17.9%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, 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.