Nigeria - Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Nigeria was 35.91 as of 2020. Its highest value over the past 60 years was 35.91 in 2020, while its lowest value was 1.94 in 1960.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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 1.94
1961 3.12
1962 5.06
1963 3.98
1964 4.73
1965 5.78
1966 6.37
1967 6.27
1968 5.34
1969 6.35
1970 4.83
1971 5.22
1972 4.37
1973 4.55
1974 4.65
1975 3.63
1976 4.30
1977 3.40
1978 4.23
1979 5.52
1981 6.22
1982 6.57
1983 5.06
1984 6.06
1985 10.81
1986 6.12
1987 6.12
1988 9.32
1989 8.52
1990 10.24
1991 10.41
1992 9.52
1993 11.18
1994 11.06
1995 13.90
1996 15.07
1997 20.20
1998 22.40
1999 24.36
2000 19.79
2001 19.41
2002 21.14
2003 15.42
2004 14.28
2005 17.12
2006 17.75
2007 18.69
2008 20.25
2009 18.34
2010 18.41
2011 18.17
2012 24.40
2013 23.59
2014 27.82
2015 31.50
2016 29.93
2017 30.49
2018 30.33
2019 31.88
2020 35.91

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

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