Nigeria - Merchandise imports by the reporting economy, residual (% of total merchandise imports)

Merchandise imports by the reporting economy, residual (% of total merchandise imports) in Nigeria was 17.18 as of 2020. Its highest value over the past 60 years was 22.76 in 2011, while its lowest value was 0.21 in 1999.

Definition: Merchandise imports by the reporting economy residuals are the total merchandise imports by the reporting economy from the rest of the world as reported in the IMF's Direction of trade database, less the sum of imports by the reporting economy from high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise imports by the economy.

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

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Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports