Net trade in goods in Nigeria
Nigeria: Net trade in goods was 14.51 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
14.51 billion BoP, current US$
Change on year
up 10.2%
World rank
29th
of 200 countries
All-time high
45.91 billion BoP, current US$
in 2008
All-time low
-16.40 billion BoP, current US$
in 2020
Years of data
49
1977–2025
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$, in 2020.
Nigeria ranks 29th of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 2.69 billion BoP, current US$ | — |
| 1978 | -1.17 billion BoP, current US$ | -143.3% |
| 1979 | 4.91 billion BoP, current US$ | -521.3% |
| 1980 | 11.22 billion BoP, current US$ | +128.3% |
| 1981 | -1.14 billion BoP, current US$ | -110.2% |
| 1982 | -2.72 billion BoP, current US$ | +139.1% |
| 1983 | -1.08 billion BoP, current US$ | -60.4% |
| 1984 | 3.00 billion BoP, current US$ | -378.0% |
| 1985 | 5.67 billion BoP, current US$ | +88.9% |
| 1986 | 1.95 billion BoP, current US$ | -65.6% |
| 1987 | 3.48 billion BoP, current US$ | +78.7% |
| 1988 | 2.52 billion BoP, current US$ | -27.5% |
| 1989 | 4.18 billion BoP, current US$ | +65.8% |
| 1990 | 8.65 billion BoP, current US$ | +107.1% |
| 1991 | 4.44 billion BoP, current US$ | -48.7% |
| 1992 | 4.61 billion BoP, current US$ | +3.8% |
| 1993 | 3.25 billion BoP, current US$ | -29.5% |
| 1994 | 2.95 billion BoP, current US$ | -9.3% |
| 1995 | 1.09 billion BoP, current US$ | -62.9% |
| 1996 | 3.03 billion BoP, current US$ | +177.4% |
| 1997 | 1.74 billion BoP, current US$ | -42.6% |
| 1998 | -68.43 million BoP, current US$ | -103.9% |
| 1999 | 4.29 billion BoP, current US$ | -6367.0% |
| 2000 | 10.42 billion BoP, current US$ | +142.9% |
| 2001 | 6.90 billion BoP, current US$ | -33.8% |
| 2002 | 4.74 billion BoP, current US$ | -31.3% |
| 2003 | 7.82 billion BoP, current US$ | +65.1% |
| 2004 | 19.76 billion BoP, current US$ | +152.5% |
| 2005 | 29.20 billion BoP, current US$ | +47.8% |
| 2006 | 34.95 billion BoP, current US$ | +19.7% |
| 2007 | 37.76 billion BoP, current US$ | +8.0% |
| 2008 | 45.91 billion BoP, current US$ | +21.6% |
| 2009 | 25.39 billion BoP, current US$ | -44.7% |
| 2010 | 30.10 billion BoP, current US$ | +18.5% |
| 2011 | 32.83 billion BoP, current US$ | +9.1% |
| 2012 | 39.19 billion BoP, current US$ | +19.4% |
| 2013 | 42.17 billion BoP, current US$ | +7.6% |
| 2014 | 21.06 billion BoP, current US$ | -50.1% |
| 2015 | -6.45 billion BoP, current US$ | -130.6% |
| 2016 | -536.06 million BoP, current US$ | -91.7% |
| 2017 | 13.15 billion BoP, current US$ | -2552.8% |
| 2018 | 20.47 billion BoP, current US$ | +55.7% |
| 2019 | 2.87 billion BoP, current US$ | -86.0% |
| 2020 | -16.40 billion BoP, current US$ | -672.0% |
| 2021 | -4.56 billion BoP, current US$ | -72.2% |
| 2022 | 6.00 billion BoP, current US$ | -231.5% |
| 2023 | 8.08 billion BoP, current US$ | +34.6% |
| 2024 | 13.17 billion BoP, current US$ | +63.0% |
| 2025 | 14.51 billion BoP, current US$ | +10.2% |
Nigeria compared with similar countries
- Nigeria's 14.51 billion BoP, current US$ is above the median for lower middle income countries, which is -756.75 million BoP, current US$. (47 countries reporting)
- Nigeria's 14.51 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is -487.31 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +6367.0% | -68.43 million BoP, current US$ | 4.29 billion BoP, current US$ |
| 2017 | +2552.8% | -536.06 million BoP, current US$ | 13.15 billion BoP, current US$ |
| 2020 | -672.0% | 2.87 billion BoP, current US$ | -16.40 billion BoP, current US$ |
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods in Nigeria?
- Net trade in goods in Nigeria was 14.51 billion BoP, current US$ 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 200 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.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.