Merchandise Exports in Nigeria
Merchandise exports in Nigeria were worth USD 64.2 billion in 2022, compared to USD 95.1 billion ten years earlier, and averaged USD 57.7 billion over the last decade. For more exports information, visit our dedicated page.
Nigeria Merchandise Exports Chart
Note: This chart displays Exports (USD billion) for Nigeria from 2023 to 2022.
Source: Macrobond.
Nigeria Merchandise Exports Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 65.0 | 35.9 | 46.9 | 64.2 | 55.8 |
| Merchandise Exports (ann. var. %) | 6.1 | -44.7 | 30.4 | 37.1 | -13.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian merchandise exports projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise exports forecast available for Nigerian merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian merchandise exports projections.
Want to get access to the full dataset of Nigerian merchandise exports forecasts? Send an email to info@focus-economics.com.