Nigeria Total Exports Growth

2004 - 2024 | Monthly | % | CEIC Data

Key information about Nigeria Total Exports

  • Nigeria Total Exports expanded 163.7 % YoY in Jun 2024, compared with an increase of 249.2 % YoY in the previous month
  • Nigeria Total Exports Growth data is updated monthly, available from Jan 2004 to Jun 2024, with an averaged rate of 14.8 %
  • 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 4.9 USD bn in Jun 2024
  • Total Imports recorded 3.0 USD bn in Mar 2023, which registered an increase of 83.0 % year on year
  • Nigeria Trade Balance recorded a surplus of 2.8 USD bn in Jun 2024

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

Nigeria Total Exports Growth

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

Nigeria Total Exports expanded 163.7 % YoY in Jun 2024, compared with an increase of 249.2 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
163.7 Jun 2024 249.2 May 2024 -87.3 Jun 2009 880.9 Jun 2010 % monthly Jan 2004 - Jun 2024

Total Exports Growth by Country Comparison

country/region Last Frequency Range
Albania (%) -8.5 Sep 2024 monthly Jan 2006 - Sep 2024
Algeria (%) -18.5 Mar 2020 monthly Jan 2001 - Mar 2020
Argentina (%) -27.2 Apr 2023 monthly Jan 1992 - Apr 2023
Armenia (%) 41.2 Sep 2024 monthly Jan 2001 - Sep 2024
Australia (%) -10.2 Sep 2024 monthly Jul 1972 - Sep 2024
Austria (%) -7.6 Jun 2024 monthly Jan 1954 - Jun 2024
Azerbaijan (%) 26.2 Apr 2023 monthly Jan 2001 - Apr 2023
Bahrain (%) 1.1 Jun 2024 quarterly Mar 2019 - Jun 2024
Bangladesh (%) 3.2 Aug 2024 monthly Jul 1987 - Aug 2024
Belarus (%) 7.8 Jul 2024 monthly Jan 2001 - Jul 2024
Belgium (%) -8.4 Aug 2024 monthly Jan 1994 - Aug 2024
Bolivia (%) -19.7 Aug 2024 monthly Jan 2001 - Aug 2024
Bosnia and Herzegovina (%) -4.7 Sep 2024 monthly Jan 2001 - Sep 2024
Botswana (%) -63.1 Aug 2024 monthly Jan 2004 - Aug 2024
Brazil (%) -0.7 Oct 2024 monthly Jan 1955 - Oct 2024
Brunei (%) -13.0 Aug 2024 monthly Jan 2011 - Aug 2024
Bulgaria (%) -1.9 Aug 2024 monthly Jan 2001 - Aug 2024
Cambodia (%) 24.8 Sep 2024 quarterly Sep 2014 - Sep 2024
Canada (%) -2.8 Sep 2024 monthly Jan 1989 - Sep 2024
Chile (%) 8.7 Sep 2024 monthly Jan 2004 - Sep 2024
China (%) 28.1 Oct 2021 monthly May 2009 - Oct 2021
Colombia (%) -0.9 Sep 2024 monthly Jan 1971 - Sep 2024
Croatia (%) 28.8 Jul 2024 monthly Jan 1998 - Jul 2024
Cyprus (%) -34.6 Aug 2024 monthly Jan 2001 - Aug 2024
Czech Republic (%) 8.3 Sep 2024 monthly Jan 1997 - Sep 2024
Denmark (%) 13.2 Aug 2024 monthly Jan 1998 - Aug 2024
Ecuador (%) 14.1 Aug 2024 monthly Jan 1966 - Aug 2024
Egypt (%) 2.8 Aug 2024 monthly Jul 1995 - Aug 2024
Estonia (%) -1.0 Aug 2024 monthly Jan 1994 - Aug 2024
European Union (%) 1.3 Aug 2024 monthly Jan 2003 - Aug 2024
Finland (%) 8.0 Jul 2024 monthly Jan 2000 - Jul 2024
France (%) -2.2 Aug 2024 monthly Jan 2001 - Aug 2024
Georgia (%) 17.0 Sep 2024 monthly Jan 1996 - Sep 2024
Germany (%) -0.2 Sep 2024 monthly Jan 1951 - Sep 2024
Ghana (%) 52.8 Aug 2024 monthly Jan 2011 - Aug 2024
Greece (%) -4.6 Sep 2024 monthly Jan 2003 - Sep 2024
Hong Kong SAR, China (%) 4.7 Sep 2024 monthly Jan 1953 - Sep 2024
Hungary (%) 4.5 Apr 2023 monthly Jan 2003 - Apr 2023
Iceland (%) 9.2 Oct 2024 monthly Jan 1989 - Oct 2024
India (%) 1.4 Sep 2024 monthly Jan 1958 - Sep 2024
Indonesia (%) 6.4 Sep 2024 monthly Oct 1984 - Sep 2024
Iran (%) 0.4 2023 yearly 1949 - 2023
Ireland (%) -6.2 Apr 2023 monthly Jan 1971 - Apr 2023
Israel (%) 8.8 Sep 2024 monthly Jan 1989 - Sep 2024
Italy (%) -6.7 Aug 2024 monthly Jan 1992 - Aug 2024
Ivory Coast (%) 26.6 Jul 2023 monthly Jan 2012 - Jul 2023
Japan (%) 1.3 Sep 2024 monthly Apr 1996 - Sep 2024
Jordan (%) 8.8 Aug 2024 monthly Jan 1973 - Aug 2024
Kazakhstan (%) -8.3 Apr 2023 monthly Sep 1996 - Apr 2023
Kenya (%) -1.0 Aug 2024 monthly Aug 1999 - Aug 2024
South Korea (%) 4.6 Oct 2024 monthly Jan 1967 - Oct 2024
Kosovo (%) -1.1 Sep 2024 monthly Jan 2004 - Sep 2024
Kuwait (%) -1.0 Jun 2024 monthly Jan 1994 - Jun 2024
Kyrgyzstan (%) 113.7 Aug 2024 monthly Jan 2004 - Aug 2024
Laos (%) 2.9 Jun 2024 quarterly Mar 2005 - Jun 2024
Latvia (%) -2.1 Aug 2024 monthly Jan 1996 - Aug 2024
Lebanon (%) 403.2 Dec 2023 monthly Jan 1994 - Dec 2023
Lithuania (%) -2.1 Aug 2024 monthly Jan 2000 - Aug 2024
Luxembourg (%) -12.4 Aug 2024 monthly Jan 1989 - Aug 2024
Macau SAR, China (%) 17.2 Aug 2024 monthly Jan 2001 - Aug 2024
North Macedonia (%) 7.9 May 2023 monthly Jan 2003 - May 2023
Malawi (%) 21.8 Mar 2024 monthly Jan 1995 - Mar 2024
Malaysia (%) -2.3 Sep 2024 monthly Jan 1991 - Sep 2024
Malta (%) 20.0 Aug 2024 monthly Oct 1995 - Aug 2024
Mauritius (%) 2.7 Aug 2024 monthly Jan 2007 - Aug 2024
Mexico (%) 1.0 Sep 2024 monthly Jan 1994 - Sep 2024
Moldova (%) -6.3 Jul 2024 monthly Jan 2006 - Jul 2024
Mongolia (%) 48.0 Apr 2023 monthly Jan 1998 - Apr 2023
Montenegro (%) 18.8 Sep 2024 monthly Jan 2006 - Sep 2024
Morocco (%) 3.6 Sep 2024 monthly Jan 1997 - Sep 2024
Mozambique (%) 8.2 Jun 2024 monthly Jan 2012 - Jun 2024
Myanmar (%) 42.9 Jul 2022 monthly Jul 2011 - Jul 2022
Nepal (%) -0.4 Sep 2024 monthly Aug 2004 - Sep 2024
Netherlands (%) -2.2 Sep 2024 monthly Jan 1997 - Sep 2024
New Zealand (%) 5.2 Sep 2024 monthly Jan 1952 - Sep 2024
Nigeria (%) 163.7 Jun 2024 monthly Jan 2004 - Jun 2024
Norway (%) -2.7 Sep 2024 monthly Jan 1976 - Sep 2024
Oman (%) 8.0 Aug 2024 monthly Mar 2004 - Aug 2024
Pakistan (%) 9.6 Oct 2024 monthly Dec 1988 - Oct 2024
Palestinian Territory (%) -7.7 Aug 2024 monthly Jan 2012 - Aug 2024
Panama (%) -78.5 Aug 2024 monthly Jan 2001 - Aug 2024
Paraguay (%) -20.3 Sep 2024 monthly Jan 1995 - Sep 2024
Peru (%) 19.0 Aug 2024 monthly Jan 1986 - Aug 2024
Philippines (%) -7.6 Sep 2024 monthly Jan 1980 - Sep 2024
Poland (%) -8.2 Aug 2024 monthly Jan 2001 - Aug 2024
Portugal (%) -1.3 Aug 2024 monthly Jan 1994 - Aug 2024
Qatar (%) 3.9 Jul 2024 monthly Jan 1999 - Jul 2024
Romania (%) -7.5 Aug 2024 monthly Jan 2004 - Aug 2024
Russia (%) -0.9 Aug 2024 monthly Jan 1999 - Aug 2024
Saudi Arabia (%) -9.8 Aug 2024 monthly Jan 2016 - Aug 2024
Serbia (%) 2.7 Sep 2024 monthly Jan 2002 - Sep 2024
Singapore (%) 1.5 Sep 2024 monthly Jan 1977 - Sep 2024
Slovakia (%) -3.8 Aug 2024 monthly Jan 2005 - Aug 2024
Slovenia (%) 12.8 Sep 2024 monthly Jan 1997 - Sep 2024
South Africa (%) -8.3 Aug 2024 monthly Oct 2005 - Aug 2024
Spain (%) 2.3 Aug 2024 monthly Sep 1975 - Aug 2024
Sri Lanka (%) 4.1 Sep 2024 monthly Jan 1983 - Sep 2024
Sudan (%) -34.3 Dec 2022 monthly Jan 2004 - Dec 2022
Sweden (%) -8.7 Sep 2024 monthly Jan 1976 - Sep 2024
Switzerland (%) -5.5 Sep 2024 monthly Jan 1989 - Sep 2024

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 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 Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,733.500 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Recurrent (NGN bn) 6,152.970 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Balance (NGN bn) -4,533.420 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue (NGN bn) 6,285.040 Jun 2024 quarterly Mar 2005 - Jun 2024
Government Debt: Domestic (NGN bn) 53,258.012 Dec 2023 quarterly Dec 2005 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,786.0 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports (USD mn) 4,913.5 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports Growth (%) 163.7 Jun 2024 monthly Jan 2004 - Jun 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 2,876.353 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 480.530 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 83.0 Jun 2024 monthly Jan 2004 - Jun 2024
Imports: Medicament (USD th) 755,360.705 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 508,406.689 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 658.371 Jun 2024 monthly Jan 2003 - Jun 2024
Total Imports from USA (USD mn) 177.707 Jun 2024 monthly Dec 2009 - Jun 2024
Total Exports to China (USD mn) 160.464 Jun 2024 monthly Jan 2007 - Jun 2024
Total Imports from China (USD mn) 737.510 Jun 2024 monthly Jan 2007 - Jun 2024
Total Trade (NGN mn) 10,433,069.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Crude Oil (NGN mn) 5,457,219.231 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: America: ow USA (NGN mn) 975,552.174 Jun 2024 monthly Jan 2003 - Jun 2024
Exports (NGN mn) 7,280,672.000 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow Netherlands (NGN mn) 434,520.151 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow UK (NGN mn) 4,761.874 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 89,695.701 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow Germany (NGN mn) 91,725.002 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow UK (NGN mn) 39,682.510 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: America: ow USA (NGN mn) 263,320.371 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Asia: ow China (NGN mn) 1,092,816.851 Jun 2024 monthly Jan 2007 - Jun 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 564,023.272 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Food and Live Animals (NGN mn) 464,465.517 Jun 2024 monthly Jan 2003 - Jun 2024
Imports (NGN mn) 3,152,397.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Chemicals and Chemical Products (NGN mn) 531,688.790 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Machinery and Transport Equipment (NGN mn) 939,658.575 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Manufactured Goods (NGN mn) 415,104.163 Jun 2024 monthly Jan 2003 - Jun 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) 42,495.2 Dec 2023 quarterly Dec 2006 - Dec 2023
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 (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: Government: International Capital Market (USD mn) 15,118.350 Mar 2024 quarterly Mar 2011 - Mar 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) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Money Supply M2 (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
M2 Growth (%) 63.3 Aug 2024 monthly Nov 1993 - Aug 2024
Reserve Requirement Ratio (%) 50.0 Oct 2024 monthly Nov 2005 - Oct 2024
Foreign Exchange Reserves (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 16.3 Jun 2024 monthly Jan 2003 - Jun 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) 73,616.6 Sep 2024 monthly Nov 1992 - Sep 2024
Domestic Credit Growth (%) 33.3 Aug 2024 monthly Nov 1993 - Aug 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
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) 13.8 Sep 2024 monthly Jul 2015 - Sep 2024

More Indicators for Nigeria

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