Trade of goods and services in Nigeria
Nigeria: Trade of goods and services was 183.57 billion current US$ in 2011. ◆ Volatile
Latest (2011)
183.57 billion current US$
Change on year
up 23.3%
World rank
2nd
of 53 countries
All-time high
183.57 billion current US$
in 2011
All-time low
1.07 billion current US$
in 1962
Years of data
52
1960–2011
Trade of goods and services in Nigeria, 1960–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current US$.
Analysis
The most recent figure for trade of goods and services in Nigeria is 183.57 billion current US$, measured in 2011. That is the highest value across all 52 years on record.
The figure is up 23.3% on the previous year and up 408.0% over ten years.
Over the whole period, trade of goods and services in Nigeria peaked at 183.57 billion current US$ in 2011 and was at its lowest, 1.07 billion current US$, in 1962.
That places Nigeria 2nd out of 53 countries with data for 2011, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Trade of goods and services in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 1.10 billion current US$ | — |
| 1961 | 1.14 billion current US$ | +3.7% |
| 1962 | 1.07 billion current US$ | -5.9% |
| 1963 | 1.15 billion current US$ | +7.6% |
| 1964 | 1.37 billion current US$ | +18.6% |
| 1965 | 1.58 billion current US$ | +15.7% |
| 1966 | 1.59 billion current US$ | +0.8% |
| 1967 | 1.48 billion current US$ | -7.0% |
| 1968 | 1.33 billion current US$ | -10.0% |
| 1969 | 1.78 billion current US$ | +33.3% |
| 1970 | 2.46 billion current US$ | +38.3% |
| 1971 | 2.25 billion current US$ | -8.7% |
| 1972 | 2.79 billion current US$ | +24.4% |
| 1973 | 4.74 billion current US$ | +69.7% |
| 1974 | 9.88 billion current US$ | +108.3% |
| 1975 | 11.44 billion current US$ | +15.8% |
| 1976 | 15.30 billion current US$ | +33.8% |
| 1977 | 17.08 billion current US$ | +11.6% |
| 1978 | 15.82 billion current US$ | -7.4% |
| 1979 | 20.74 billion current US$ | +31.1% |
| 1980 | 31.18 billion current US$ | +50.4% |
| 1981 | 29.43 billion current US$ | -5.6% |
| 1982 | 19.24 billion current US$ | -34.6% |
| 1983 | 10.88 billion current US$ | -43.4% |
| 1984 | 7.84 billion current US$ | -28.0% |
| 1985 | 8.11 billion current US$ | +3.5% |
| 1986 | 7.60 billion current US$ | -6.3% |
| 1987 | 12.49 billion current US$ | +64.4% |
| 1988 | 10.32 billion current US$ | -17.4% |
| 1989 | 13.79 billion current US$ | +33.7% |
| 1990 | 20.57 billion current US$ | +49.1% |
| 1991 | 18.72 billion current US$ | -9.0% |
| 1992 | 27.06 billion current US$ | +44.5% |
| 1993 | 20.78 billion current US$ | -23.2% |
| 1994 | 19.53 billion current US$ | -6.0% |
| 1995 | 24.31 billion current US$ | +24.5% |
| 1996 | 26.68 billion current US$ | +9.8% |
| 1997 | 29.96 billion current US$ | +12.3% |
| 1998 | 23.01 billion current US$ | -23.2% |
| 1999 | 27.14 billion current US$ | +17.9% |
| 2000 | 39.55 billion current US$ | +45.7% |
| 2001 | 36.14 billion current US$ | -8.6% |
| 2002 | 38.08 billion current US$ | +5.4% |
| 2003 | 56.25 billion current US$ | +47.7% |
| 2004 | 65.89 billion current US$ | +17.1% |
| 2005 | 87.09 billion current US$ | +32.2% |
| 2006 | 102.67 billion current US$ | +17.9% |
| 2007 | 111.10 billion current US$ | +8.2% |
| 2008 | 153.18 billion current US$ | +37.9% |
| 2009 | 109.01 billion current US$ | -28.8% |
| 2010 | 148.84 billion current US$ | +36.5% |
| 2011 | 183.57 billion current US$ | +23.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.36 billion current US$ | 1.07 billion current US$ | 1.78 billion current US$ | 10 |
| 1970s | 10.25 billion current US$ | 2.25 billion current US$ | 20.74 billion current US$ | 10 |
| 1980s | 15.09 billion current US$ | 7.60 billion current US$ | 31.18 billion current US$ | 10 |
| 1990s | 23.78 billion current US$ | 18.72 billion current US$ | 29.96 billion current US$ | 10 |
| 2000s | 79.90 billion current US$ | 36.14 billion current US$ | 153.18 billion current US$ | 10 |
| 2010s | 166.21 billion current US$ | 148.84 billion current US$ | 183.57 billion current US$ | 2 |
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,483 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.82 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.88 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 2,302 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 761.88 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is trade of goods and services in Nigeria?
- Trade of goods and services in Nigeria was 183.57 billion current US$ in 2011, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest trade of goods and services recorded in Nigeria?
- The highest recorded value was 183.57 billion current US$ in 2011.
- What is the lowest trade of goods and services recorded in Nigeria?
- The lowest recorded value was 1.07 billion current US$ in 1962.
- How does Nigeria rank for trade of goods and services?
- Nigeria ranks 2nd out of 53 countries with data for 2011.
- Is trade of goods and services rising or falling in Nigeria?
- Over the last ten years it is up 408.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Trade of goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.