Nigeria Total Exports Growth

2004 - 2024 | Monthly | % | CEIC Data

Key information about Nigeria Total Exports

  • Nigeria Total Exports expanded 56.4 % YoY in Sep 2024, compared with an increase of 112.1 % YoY in the previous month
  • Nigeria Total Exports Growth data is updated monthly, available from Jan 2004 to Sep 2024, with an averaged rate of 17.8 %
  • The data reached an all-time high of 880.9 % in Jun 2010 and a record low of -87.3 % in Jun 2009

CEIC calculates Total Exports Growth from monthly Total Exports. The National Bureau of Statistics provides Total Exports, FOB, in local currency.


Further information about Nigeria Total Exports

  • In the latest reports, Nigeria Total Exports recorded 3.7 USD bn in Sep 2024
  • Total Imports recorded 3.0 USD bn in Mar 2023, which registered an increase of 62.9 % year on year
  • Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

View Nigeria's Total Exports Growth from Jan 2004 to Sep 2024 in the chart:

Nigeria Total Exports Growth

What was Nigeria's Total Exports Growth in Sep 2024?

Nigeria Total Exports expanded 56.4 % YoY in Sep 2024, compared with an increase of 112.1 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
56.4 Sep 2024 112.1 Aug 2024 -87.3 Jun 2009 880.9 Jun 2010 % monthly Jan 2004 - Sep 2024

Total Exports Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.9 Jan 2025 monthly Jan 2006 - Jan 2025
Algeria (%) -18.5 Mar 2020 monthly Jan 2001 - Mar 2020
Argentina (%) -27.2 Apr 2023 monthly Jan 1992 - Apr 2023
Armenia (%) -48.2 Dec 2024 monthly Jan 2001 - Dec 2024
Australia (%) -2.9 Dec 2024 monthly Jul 1972 - Dec 2024
Austria (%) -14.7 Nov 2024 monthly Jan 1954 - Nov 2024
Azerbaijan (%) 26.2 Apr 2023 monthly Jan 2001 - Apr 2023
Bahrain (%) -9.8 Sep 2024 quarterly Mar 2019 - Sep 2024
Bangladesh (%) 24.9 Nov 2024 monthly Jul 1987 - Nov 2024
Belarus (%) -11.4 Nov 2024 monthly Jan 2001 - Nov 2024
Belgium (%) -9.7 Nov 2024 monthly Jan 1994 - Nov 2024
Bolivia (%) -12.0 Nov 2024 monthly Jan 2001 - Nov 2024
Bosnia and Herzegovina (%) 3.7 Jan 2025 monthly Jan 2001 - Jan 2025
Botswana (%) -37.0 Dec 2024 monthly Jan 2004 - Dec 2024
Brazil (%) -5.7 Jan 2025 monthly Jan 1955 - Jan 2025
Brunei (%) -14.5 Nov 2024 monthly Jan 2011 - Nov 2024
Bulgaria (%) -3.9 Dec 2024 monthly Jan 2001 - Dec 2024
Cambodia (%) 8.6 Dec 2024 quarterly Sep 2014 - Dec 2024
Canada (%) 8.7 Dec 2024 monthly Jan 1989 - Dec 2024
Chile (%) 10.4 Jan 2025 monthly Jan 2004 - Jan 2025
China (%) 28.1 Oct 2021 monthly May 2009 - Oct 2021
Colombia (%) 0.6 Dec 2024 monthly Jan 1971 - Dec 2024
Croatia (%) 2.3 Nov 2024 monthly Jan 1998 - Nov 2024
Cyprus (%) -8.5 Dec 2024 monthly Jan 2001 - Dec 2024
Czech Republic (%) 12.3 Dec 2024 monthly Jan 1997 - Dec 2024
Denmark (%) 17.3 Dec 2024 monthly Jan 1998 - Dec 2024
Ecuador (%) 22.9 Dec 2024 monthly Jan 1966 - Dec 2024
Egypt (%) 13.8 Dec 2024 monthly Jul 1995 - Dec 2024
Estonia (%) 2.3 Dec 2024 monthly Jan 1994 - Dec 2024
European Union (%) 2.8 Dec 2024 monthly Jan 2003 - Dec 2024
Finland (%) 1.5 Dec 2024 monthly Jan 2000 - Dec 2024
France (%) 4.4 Dec 2024 monthly Jan 2001 - Dec 2024
Georgia (%) 19.3 Jan 2025 monthly Jan 1996 - Jan 2025
Germany (%) 3.9 Dec 2024 monthly Jan 1951 - Dec 2024
Ghana (%) 19.0 Oct 2024 monthly Jan 2011 - Oct 2024
Greece (%) 8.2 Dec 2024 monthly Jan 2003 - Dec 2024
Hong Kong SAR, China (%) 0.1 Jan 2025 monthly Jan 1953 - Jan 2025
Hungary (%) 4.5 Apr 2023 monthly Jan 2003 - Apr 2023
Iceland (%) 18.5 Jan 2025 monthly Jan 1989 - Jan 2025
India (%) 1.3 Jan 2025 monthly Jan 1958 - Jan 2025
Indonesia (%) 4.7 Jan 2025 monthly Oct 1984 - Jan 2025
Iran (%) -0.5 2023 yearly 1949 - 2023
Ireland (%) -6.2 Apr 2023 monthly Jan 1971 - Apr 2023
Israel (%) 2.4 Dec 2024 monthly Jan 1989 - Dec 2024
Italy (%) 2.9 Dec 2024 monthly Jan 1992 - Dec 2024
Ivory Coast (%) 12.7 Sep 2024 monthly Jan 2012 - Sep 2024
Japan (%) 4.5 Dec 2024 monthly Apr 1996 - Dec 2024
Jordan (%) -2.0 Nov 2024 monthly Jan 1973 - Nov 2024
Kazakhstan (%) -8.3 Apr 2023 monthly Sep 1996 - Apr 2023
Kenya (%) -3.4 Nov 2024 monthly Aug 1999 - Nov 2024
South Korea (%) -10.2 Jan 2025 monthly Jan 1967 - Jan 2025
Kosovo (%) 6.5 Dec 2024 monthly Jan 2004 - Dec 2024
Kuwait (%) -18.3 Nov 2024 monthly Jan 1994 - Nov 2024
Kyrgyzstan (%) -39.0 Dec 2024 monthly Jan 2004 - Dec 2024
Laos (%) 2.4 Sep 2024 quarterly Mar 2005 - Sep 2024
Latvia (%) -4.5 Dec 2024 monthly Jan 1996 - Dec 2024
Lebanon (%) 403.2 Dec 2023 monthly Jan 1994 - Dec 2023
Lithuania (%) -7.8 Dec 2024 monthly Jan 2000 - Dec 2024
Luxembourg (%) 3.7 Dec 2024 monthly Jan 1989 - Dec 2024
Macau SAR, China (%) -2.8 Dec 2024 monthly Jan 2001 - Dec 2024
North Macedonia (%) 7.9 May 2023 monthly Jan 2003 - May 2023
Malawi (%) 35.4 Nov 2024 monthly Jan 1995 - Nov 2024
Malaysia (%) 18.9 Dec 2024 monthly Jan 1991 - Dec 2024
Malta (%) 2.2 Nov 2024 monthly Oct 1995 - Nov 2024
Mauritius (%) 15.7 Nov 2024 monthly Jan 2007 - Nov 2024
Mexico (%) 2.0 Dec 2024 monthly Jan 1994 - Dec 2024
Moldova (%) -13.3 Dec 2024 monthly Jan 2006 - Dec 2024
Mongolia (%) 48.0 Apr 2023 monthly Jan 1998 - Apr 2023
Montenegro (%) -6.4 Jan 2025 monthly Jan 2006 - Jan 2025
Morocco (%) 12.8 Dec 2024 monthly Jan 1997 - Dec 2024
Mozambique (%) 8.2 Jun 2024 monthly Jan 2012 - Jun 2024
Myanmar (%) 42.9 Jul 2022 monthly Jul 2011 - Jul 2022
Nepal (%) 113.7 Jan 2025 monthly Aug 2004 - Jan 2025
Netherlands (%) 1.9 Dec 2024 monthly Jan 1997 - Dec 2024
New Zealand (%) 17.0 Dec 2024 monthly Jan 1952 - Dec 2024
Nigeria (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Norway (%) 19.9 Jan 2025 monthly Jan 1976 - Jan 2025
Oman (%) -1.9 Nov 2024 monthly Mar 2004 - Nov 2024
Pakistan (%) 5.1 Jan 2025 monthly Dec 1988 - Jan 2025
Palestinian Territory (%) 40.9 Nov 2024 monthly Jan 2012 - Nov 2024
Panama (%) 38.3 Nov 2024 monthly Jan 2001 - Nov 2024
Paraguay (%) -0.0 Jan 2025 monthly Jan 1995 - Jan 2025
Peru (%) 18.7 Nov 2024 monthly Jan 1986 - Nov 2024
Philippines (%) -2.2 Dec 2024 monthly Jan 1980 - Dec 2024
Poland (%) -2.8 Dec 2024 monthly Jan 2001 - Dec 2024
Portugal (%) -2.5 Dec 2024 monthly Jan 1994 - Dec 2024
Qatar (%) 6.7 Dec 2024 monthly Jan 1999 - Dec 2024
Romania (%) 7.1 Dec 2024 monthly Jan 2004 - Dec 2024
Russia (%) 5.3 Oct 2024 monthly Jan 1999 - Oct 2024
Saudi Arabia (%) -2.8 Dec 2024 monthly Jan 2016 - Dec 2024
Serbia (%) -1.7 Dec 2024 monthly Jan 2002 - Dec 2024
Singapore (%) 6.2 Jan 2025 monthly Jan 1977 - Jan 2025
Slovakia (%) 3.6 Dec 2024 monthly Jan 2005 - Dec 2024
Slovenia (%) 17.7 Dec 2024 monthly Jan 1997 - Dec 2024
South Africa (%) -2.4 Dec 2024 monthly Oct 2005 - Dec 2024
Spain (%) 3.0 Dec 2024 monthly Jan 1976 - Dec 2024
Sri Lanka (%) 10.0 Dec 2024 monthly Jan 1983 - Dec 2024
Sudan (%) -34.3 Dec 2022 monthly Jan 2004 - Dec 2022
Sweden (%) -0.7 Dec 2024 monthly Jan 1976 - Dec 2024
Switzerland (%) 25.5 Dec 2024 monthly Jan 1989 - Dec 2024

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,078.997 Sep 2024 quarterly Mar 2005 - Sep 2024
National Government Debt (USD mn) 86,261.2 Sep 2024 quarterly Dec 2006 - Sep 2024
Government Debt: % of GDP (%) 53.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 43,026.6 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 24,967.124 Jan 2025 monthly Nov 1992 - Jan 2025
Money Supply M2 (USD mn) 75,096.954 Jan 2025 monthly Nov 1992 - Jan 2025
M2 Growth (%) 18.3 Jan 2025 monthly Nov 1993 - Jan 2025
Reserve Requirement Ratio (%) 50.0 Jan 2025 monthly Nov 2005 - Jan 2025
Foreign Exchange Reserves (USD mn) 40,380.0 Nov 2024 monthly Jan 1960 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 10.7 Aug 2024 monthly Jan 2003 - Aug 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 67,269.4 Jan 2025 monthly Nov 1992 - Jan 2025
Domestic Credit Growth (%) -0.6 Jan 2025 monthly Nov 1993 - Jan 2025
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024

More Indicators for Nigeria

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