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

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in Nigeria was 49.68 as of 2020. Its highest value over the past 60 years was 49.68 in 2020, while its lowest value was 0.08 in 1974.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 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 0.30
1961 0.35
1962 1.40
1963 1.58
1964 4.26
1965 2.77
1966 2.56
1967 2.30
1968 3.11
1969 2.89
1970 2.30
1971 1.99
1972 1.41
1973 0.47
1974 0.08
1975 0.14
1976 0.95
1977 0.72
1978 0.78
1979 0.51
1981 3.33
1982 1.61
1983 0.95
1984 1.16
1985 4.52
1986 1.90
1987 1.90
1988 2.30
1989 1.14
1990 0.23
1991 2.30
1992 5.02
1993 7.46
1994 7.68
1995 10.04
1996 11.96
1997 12.54
1998 16.50
1999 26.70
2000 20.70
2001 21.81
2002 26.48
2003 21.11
2004 26.89
2005 22.43
2006 21.60
2007 21.18
2008 30.15
2009 33.20
2010 35.09
2011 34.99
2012 35.42
2013 41.13
2014 47.86
2015 48.71
2016 47.56
2017 44.40
2018 44.50
2019 47.24
2020 49.68

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: Exports