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Nigeria – Exports

Name: Nigeria Exports
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Total value of goods and services sold to the rest of the world, including merchandise, transport, insurance, and other commercial services. · World Bank

$57.5B −$2.7B from 2023 Global rank: 60th · all-time high: $102.4B (2011)

Nigeria's exports was $57.5B in 2024, a decrease of +$2.7B from $60.3B in 2023. This ranked 60th globally. The all-time high was $102.4B in 2011.

APA

Nigeria Exports. HistorySaid. Retrieved March 12, 2026, from https://historysaid.com/nigeria/exports

BibTeX

@misc{historysaid_nigeria_exports,
  title = {Nigeria Exports},
  url = {https://historysaid.com/nigeria/exports},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Nigeria Exports – Historical Data
Year	Value	Change	Rank
2027* trend	$77.8B	–	–
2026* trend	$73.4B	–	–
2025* trend	$68.9B	–	–
2024	$57.5B	−$2.7B	60th
2023	$60.3B	−$8.8B	58th
2022	$69.1B	+$18.2B	55th
2021	$50.9B	+$10.9B	58th
2020	$39.9B	−$30.0B	56th
2019	$69.9B	+$3.9B	49th
2018	$66.0B	+$15.2B	50th
2017	$50.8B	+$12.4B	53rd
2016	$38.4B	−$10.6B	54th
2015	$49.0B	−$35.5B	50th
2014	$84.6B	−$14.8B	45th
2013	$99.4B	+$895.2M	40th
2012	$98.5B	−$3.9B	40th
2011	$102.4B	+$19.7B	39th
2010	$82.7B	+$24.3B	37th
2009	$58.4B	−$29.6B	45th
2008	$88.0B	+$20.5B	37th
2007	$67.5B	+$8.3B	42nd
2006	$59.2B	+$2.2B	41st
2005	$57.0B	+$18.9B	37th
2004	$38.1B	+$10.7B	42nd
2003	$27.4B	+$9.3B	40th
2002	$18.1B	−$1.5B	44th
2001	$19.6B	−$1.3B	41st
2000	$21.0B	+$7.1B	42nd
1999	$13.9B	+$11.0B	45th
1998	$2.8B	−$2.1B	78th
1997	$4.9B	−$400.9M	63rd
1996	$5.3B	+$1.4B	62nd
1995	$3.8B	−$6.0B	63rd
1994	$9.8B	−$1.2B	42nd
1993	$11.1B	−$1.8B	38th
1992	$12.8B	−$296.4M	35th
1991	$13.1B	−$1.4B	33rd
1990	$14.6B	+$6.1B	32nd
1989	$8.4B	+$1.2B	40th
1988	$7.2B	−$545.3M	39th
1987	$7.8B	+$2.4B	38th
1986	$5.3B	−$8.1B	41st
1985	$13.4B	+$1.1B	25th
1984	$12.3B	+$1.5B	29th
1983	$10.8B	−$1.9B	30th
1982	$12.7B	−$6.1B	27th
1981	$18.8B	−$8.3B	20th
1980	$27.1B	+$9.3B	14th
1979	$17.8B	+$6.4B	19th
1978	$11.3B	−$1.6B	20th
1977	$12.9B	–	16th

Show all years (1977–2024)

* Linear trend extrapolation from last 5 data points

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +20.5% GDP growth 4.1% C/A balance 6.8%

This pattern occurred 682 times in history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 67% of countries showing this pattern (460 out of 682) saw exports improve within 24 months. View full analysis →