Nigeria - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Nigeria was 41.43 as of 2020. Its highest value over the past 60 years was 90.01 in 1975, while its lowest value was 41.43 in 2020.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 85.28
1961 82.42
1962 87.22
1963 87.76
1964 87.31
1965 87.16
1966 88.09
1967 85.50
1968 82.42
1969 83.68
1970 86.29
1971 87.96
1972 89.02
1973 87.86
1974 87.24
1975 90.01
1976 89.62
1977 89.63
1978 89.21
1979 86.92
1981 86.87
1982 83.74
1983 85.23
1984 85.51
1985 83.56
1986 86.52
1987 86.52
1988 83.22
1989 85.53
1990 83.20
1991 85.02
1992 84.72
1993 83.81
1994 80.89
1995 78.41
1996 78.51
1997 76.13
1998 73.20
1999 71.60
2000 75.45
2001 71.72
2002 74.25
2003 64.48
2004 65.57
2005 59.78
2006 58.60
2007 55.55
2008 60.75
2009 58.48
2010 56.74
2011 55.57
2012 56.55
2013 56.37
2014 52.06
2015 48.01
2016 45.49
2017 49.95
2018 47.39
2019 43.95
2020 41.43

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports