Nigeria - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Nigeria was 36.71 as of 2020. Its highest value over the past 60 years was 93.12 in 1987, while its lowest value was 36.71 in 2020.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports 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 88.31
1961 88.35
1962 91.66
1963 91.66
1964 87.16
1965 90.47
1966 90.65
1967 91.29
1968 87.42
1969 88.81
1970 88.36
1971 88.54
1972 89.70
1973 84.45
1974 83.88
1975 81.56
1976 74.28
1977 75.66
1978 88.30
1979 84.59
1981 71.83
1982 81.45
1983 88.96
1984 85.71
1985 91.30
1986 93.12
1987 93.12
1988 90.16
1989 92.11
1990 92.79
1991 87.71
1992 86.97
1993 84.24
1994 84.42
1995 80.75
1996 79.75
1997 78.94
1998 72.50
1999 62.15
2000 71.47
2001 69.86
2002 62.81
2003 69.58
2004 64.29
2005 68.88
2006 69.42
2007 68.42
2008 60.81
2009 56.07
2010 54.80
2011 55.50
2012 52.75
2013 47.96
2014 39.75
2015 37.93
2016 39.38
2017 43.43
2018 41.20
2019 39.27
2020 36.71

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. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to 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: Exports