Nigeria Total Imports Growth

2004 - 2024 | Monthly | % | CEIC Data

Key information about Nigeria Total Imports Growth

  • Nigeria Total Imports grew 62.9 % YoY in Mar 2023, compared with an increase of 52.6 % YoY in the previous month
  • Nigeria Total Imports Growth data is updated monthly, available from Jan 2004 to Sep 2024, with an averaged rate of 18.0 %
  • The data reached an all-time high of 302.1 % in Jun 2011 and a record low of -69.3 % in Mar 2012

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


Further information about Nigeria Total Imports Growth

  • In the latest reports, Nigeria Total Imports recorded 3.0 USD bn in Mar 2023
  • Total Exports reached 3.7 USD bn in Sep 2024, which registered an increase of 56.4 % year on year
  • Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

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

Nigeria Total Imports Growth

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

Nigeria Total Imports grew 62.9 % YoY in Mar 2023, compared with an increase of 52.6 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
62.9 Sep 2024 52.6 Aug 2024 -69.3 Mar 2012 302.1 Jun 2011 % monthly Jan 2004 - Sep 2024

Total Imports Growth by Country Comparison

country/region Last Frequency Range
Albania (%) -1.5 Oct 2024 monthly Jan 2006 - Oct 2024
Algeria (%) -15.4 Dec 2020 monthly Jan 2001 - Dec 2020
Argentina (%) 2.0 Oct 2024 monthly Jan 1992 - Oct 2024
Armenia (%) 9.2 Oct 2024 monthly Jan 2001 - Oct 2024
Australia (%) -3.1 Oct 2024 monthly Jul 1972 - Oct 2024
Austria (%) -6.1 Aug 2024 monthly Jan 1954 - Aug 2024
Azerbaijan (%) 27.8 Oct 2024 monthly Jan 2001 - Oct 2024
Bahrain (%) 0.1 Jun 2024 quarterly Mar 2019 - Jun 2024
Bangladesh (%) 33.1 Sep 2024 monthly Jul 1987 - Sep 2024
Belarus (%) 25.1 Sep 2024 monthly Jan 2001 - Sep 2024
Belgium (%) -4.7 Oct 2024 monthly Jan 1994 - Oct 2024
Bolivia (%) -32.2 Sep 2024 monthly Jan 2001 - Sep 2024
Bosnia and Herzegovina (%) 6.4 Oct 2024 monthly Jan 2001 - Oct 2024
Botswana (%) -7.2 Sep 2024 monthly Jan 2004 - Sep 2024
Brazil (%) 9.9 Nov 2024 monthly Jan 1960 - Nov 2024
Brunei (%) -1.5 Sep 2024 monthly Jan 2011 - Sep 2024
Bulgaria (%) 0.2 Sep 2024 monthly Jan 2001 - Sep 2024
Cambodia (%) 19.8 Sep 2024 quarterly Sep 2014 - Sep 2024
Canada (%) 2.6 Oct 2024 monthly Jan 1989 - Oct 2024
Chile (%) 0.6 Oct 2024 monthly Jan 2004 - Oct 2024
China (%) 20.8 Oct 2021 monthly May 2009 - Oct 2021
Colombia (%) 4.4 Sep 2024 monthly Jan 1981 - Sep 2024
Croatia (%) -1.6 Aug 2024 monthly Jan 1998 - Aug 2024
Cyprus (%) -14.3 Sep 2024 monthly Jan 2001 - Sep 2024
Czech Republic (%) 4.4 Sep 2024 monthly Jan 1997 - Sep 2024
Denmark (%) -1.0 Sep 2024 monthly Jan 1998 - Sep 2024
Ecuador (%) -5.9 Oct 2024 monthly Jan 1958 - Oct 2024
Egypt (%) 29.2 Sep 2024 monthly Jul 1995 - Sep 2024
Estonia (%) 2.9 Sep 2024 monthly Jan 1994 - Sep 2024
European Union (%) -0.2 Oct 2024 monthly Jan 2003 - Oct 2024
Finland (%) 2.7 Oct 2024 monthly Jan 2000 - Oct 2024
France (%) -3.8 Oct 2024 monthly Jan 2001 - Oct 2024
Georgia (%) 10.5 Nov 2024 monthly Jan 1996 - Nov 2024
Germany (%) 1.7 Oct 2024 monthly Jan 1951 - Oct 2024
Ghana (%) 2.3 Oct 2024 monthly Mar 2006 - Oct 2024
Greece (%) -1.0 Oct 2024 monthly Jan 2003 - Oct 2024
Hong Kong SAR, China (%) 4.5 Oct 2024 monthly Jan 1953 - Oct 2024
Hungary (%) 2.3 Sep 2024 monthly Jan 2003 - Sep 2024
Iceland (%) 4.0 Nov 2024 monthly Jan 1989 - Nov 2024
India (%) 28.7 Nov 2024 monthly Jan 1958 - Nov 2024
Indonesia (%) 0.0 Nov 2024 monthly Jan 2009 - Nov 2024
Iran (%) 13.8 2023 yearly 1980 - 2023
Ireland (%) -3.8 Oct 2024 monthly Jan 1971 - Oct 2024
Israel (%) 9.0 Oct 2024 monthly Jan 1981 - Oct 2024
Italy (%) 0.4 Oct 2024 monthly Jan 1992 - Oct 2024
Ivory Coast (%) 26.6 Jul 2023 monthly Jan 2012 - Jul 2023
Japan (%) -0.1 Oct 2024 monthly Apr 1996 - Oct 2024
Jordan (%) 0.9 Sep 2024 monthly Jan 1973 - Sep 2024
Kazakhstan (%) 9.5 Oct 2024 monthly Sep 1996 - Oct 2024
Kenya (%) -5.2 Aug 2024 monthly Aug 1999 - Aug 2024
South Korea (%) -2.4 Nov 2024 monthly Jan 1967 - Nov 2024
Kosovo (%) 10.1 Oct 2024 monthly Jan 2004 - Oct 2024
Kuwait (%) -3.9 Aug 2024 monthly Jan 1993 - Aug 2024
Kyrgyzstan (%) -7.9 Aug 2024 monthly Jan 2004 - Aug 2024
Laos (%) 21.9 Jun 2024 quarterly Mar 2005 - Jun 2024
Latvia (%) -12.4 Sep 2024 monthly Jan 1996 - Sep 2024
Lebanon (%) 493.5 Dec 2023 monthly Jan 1994 - Dec 2023
Lithuania (%) -6.7 Sep 2024 monthly Jan 2000 - Sep 2024
Luxembourg (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Macau SAR, China (%) 4.3 May 2023 monthly Jan 2001 - May 2023
North Macedonia (%) -5.4 Sep 2024 monthly Jan 2003 - Sep 2024
Malawi (%) 66.9 Mar 2024 monthly Jan 1995 - Mar 2024
Malaysia (%) 0.7 Oct 2024 monthly Jan 1991 - Oct 2024
Malta (%) 13.8 Sep 2024 monthly Oct 1995 - Sep 2024
Mauritius (%) 33.6 Sep 2024 monthly Jan 2007 - Sep 2024
Mexico (%) 5.2 Oct 2024 monthly Jan 1994 - Oct 2024
Moldova (%) 10.9 Oct 2024 monthly Jan 2006 - Oct 2024
Mongolia (%) 22.0 Oct 2024 monthly Jan 1998 - Oct 2024
Montenegro (%) 7.0 Oct 2024 monthly Jan 2006 - Oct 2024
Morocco (%) 14.3 Oct 2024 monthly Jan 1997 - Oct 2024
Mozambique (%) -14.4 Jun 2024 monthly Jan 2012 - Jun 2024
Myanmar (%) 38.4 Jul 2022 monthly Jul 2011 - Jul 2022
Nepal (%) 17.1 Nov 2024 monthly Aug 2004 - Nov 2024
Netherlands (%) 0.5 Oct 2024 monthly Jan 1997 - Oct 2024
New Zealand (%) 3.0 Oct 2024 monthly Jan 1961 - Oct 2024
Nigeria (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Norway (%) 1.2 Sep 2024 monthly Jan 1977 - Sep 2024
Oman (%) 0.7 Mar 2023 monthly Jan 1976 - Mar 2023
Pakistan (%) -5.7 Nov 2024 monthly Dec 1988 - Nov 2024
Palestinian Territory (%) -17.8 Sep 2024 monthly Jan 2012 - Sep 2024
Panama (%) 8.2 Oct 2024 monthly Jan 2001 - Oct 2024
Paraguay (%) -2.4 Nov 2024 monthly Jan 1995 - Nov 2024
Peru (%) 1.3 Oct 2024 monthly Jan 1986 - Oct 2024
Philippines (%) 9.9 Sep 2024 monthly Jan 1980 - Sep 2024
Poland (%) -1.9 Oct 2024 monthly Jan 2001 - Oct 2024
Portugal (%) 3.3 Sep 2024 monthly Jan 1994 - Sep 2024
Qatar (%) 5.1 Jun 2024 monthly Jan 1999 - Jun 2024
Romania (%) 4.2 Sep 2024 monthly Jan 2004 - Sep 2024
Russia (%) 19.1 Oct 2024 monthly Jan 1999 - Oct 2024
Saudi Arabia (%) 15.0 Sep 2024 monthly Jan 2006 - Sep 2024
Serbia (%) 12.9 Oct 2024 monthly Jan 2002 - Oct 2024
Singapore (%) 6.7 Nov 2024 monthly Jan 1965 - Nov 2024
Slovakia (%) 1.3 Sep 2024 monthly Jan 2005 - Sep 2024
Slovenia (%) 81.4 Oct 2024 monthly Jan 1997 - Oct 2024
South Africa (%) -9.9 Oct 2024 monthly Oct 2005 - Oct 2024
Spain (%) 0.6 Sep 2024 monthly Oct 1975 - Sep 2024
Sri Lanka (%) 5.7 Oct 2024 monthly Jan 1983 - Oct 2024
Sudan (%) -12.3 Dec 2022 monthly Jan 2004 - Dec 2022
Sweden (%) -2.6 Oct 2024 monthly Jan 1976 - Oct 2024
Switzerland (%) -10.3 Oct 2024 monthly Jan 1989 - Oct 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) 88,444.7 Jun 2024 quarterly Dec 2006 - Jun 2024
Government Debt: % of GDP (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 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 Balance (NGN bn) -4,533.420 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue (NGN bn) 6,285.040 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Recurrent (NGN bn) 6,152.970 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 (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Government Debt: Domestic (NGN bn) 66,957.878 Jun 2024 quarterly Dec 2005 - Jun 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
Exports: Crude Oil (NGN mn) 3,905,247.850 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 (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: America: ow USA (NGN mn) 201,983.472 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: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
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
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 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: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 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: 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: Food and Live Animals (NGN mn) 455,343.676 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
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) 42,901.0 Jun 2024 quarterly Dec 2006 - Jun 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 (USD mn) 42,901.010 Jun 2024 quarterly Dec 2006 - Jun 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Jun 2024 quarterly Mar 2011 - Jun 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 Nov 2024 monthly Nov 2005 - Nov 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) 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) 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: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
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) 12.8 Oct 2024 monthly Jul 2015 - Oct 2024

More Indicators for Nigeria

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