Net trade in goods in Nigeria
Nigeria: Net trade in goods was 14.51 billion BoP, current US$ in 2025. ◆ Volatile
Net trade in goods in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, net trade in goods in Nigeria stood at 14.51 billion BoP, current US$.
Compared with earlier readings it is up 10.2% on the previous year and up 325.0% over ten years.
Over the whole period, net trade in goods in Nigeria peaked at 45.91 billion BoP, current US$ in 2008 and was at its lowest, -16.40 billion BoP, current US$, in 2020.
Nigeria ranks 29th of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.15 billion BoP, current US$ | -1.17 billion BoP, current US$ | 4.91 billion BoP, current US$ | 3 |
| 1980s | 2.71 billion BoP, current US$ | -2.72 billion BoP, current US$ | 11.22 billion BoP, current US$ | 10 |
| 1990s | 3.40 billion BoP, current US$ | -68.43 million BoP, current US$ | 8.65 billion BoP, current US$ | 10 |
| 2000s | 22.28 billion BoP, current US$ | 4.74 billion BoP, current US$ | 45.91 billion BoP, current US$ | 10 |
| 2010s | 19.48 billion BoP, current US$ | -6.45 billion BoP, current US$ | 42.17 billion BoP, current US$ | 10 |
| 2020s | 3.46 billion BoP, current US$ | -16.40 billion BoP, current US$ | 14.51 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 net trade in goods in Nigeria?
- Net trade in goods in Nigeria was 14.51 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Nigeria?
- The highest recorded value was 45.91 billion BoP, current US$ in 2008.
- What is the lowest net trade in goods recorded in Nigeria?
- The lowest recorded value was -16.40 billion BoP, current US$ in 2020.
- How does Nigeria rank for net trade in goods?
- Nigeria ranks 29th out of 198 countries with data for 2025.
- Is net trade in goods rising or falling in Nigeria?
- Over the last ten years it is up 325.0%. 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 Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. 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.