Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — Nigeria

Merchandise trade (% of GDP) in Nigeria in 2025 — 33.33%. Ranked 156 in the world out of 189. Since 1960, the indicator has risen by 7.92 pp.

2025 33.33% −4.17 pp vs 2024
World rank 156of 189
Period maximum 66.4%1980
Period minimum 8.73%1998

Trend over time

1960–2025 · % of GDP

Merchandise trade (% of GDP) — Nigeria, 1960–202502040608019601967197419811988199520022009201620231960: 25.4%1962: 21.12%1964: 23.63%1966: 23.78%1968: 21.75%1970: 18.32%1972: 30.02%1974: 48.2%1976: 51.72%1978: 62.31%1980: 66.4%1982: 19.78%1984: 28.88%1986: 16.77%1988: 23.35%1990: 35.57%1992: 38.73%1994: 19.94%1996: 12.16%1998: 8.73%2000: 42.93%2002: 26.85%2004: 38.89%2006: 35.75%2008: 40.13%2010: 34.94%2012: 35.71%2014: 28.11%2016: 17.01%2018: 24.55%2020: 11.92%2022: 19.08%2024: 37.49%2025: 33.33%
Change over the period: +7.92 pp Annual average: 0.12 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Nigeria

Nigeria 33.33%
World 43.89%
Western Africa computed 43.23%
Merchandise trade (% of GDP) — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2025 33.33 −4.17 pp
2024 37.49 +16.03 pp
2023 21.46 +2.39 pp
2022 19.08 +2.87 pp
2021 16.21 +4.29 pp
2020 11.92 −5.7 pp
2019 17.63 −6.93 pp
2018 24.55 +4.4 pp
2017 20.16 +3.15 pp
2016 17.01 −2.24 pp
2015 19.25 −8.86 pp
2014 28.11 −0.07 pp
2013 28.18 −7.54 pp
2012 35.71 −5.79 pp
2011 41.5 +6.56 pp
2010 34.94 +4.22 pp
2009 30.73 −9.4 pp
2008 40.13 +3.67 pp
2007 36.45 +0.7 pp
2006 35.75 −4.79 pp
2005 40.54 +1.66 pp
2004 38.89 +5.58 pp
2003 33.31 +6.46 pp
2002 26.85 −13.43 pp
2001 40.28 −2.65 pp
2000 42.93 +4.98 pp
1999 37.95 +29.22 pp
1998 8.73 −3.57 pp
1997 12.3 +0.14 pp
1996 12.16 −2.43 pp
1995 14.59 −5.34 pp
1994 19.94 −10.77 pp
1993 30.7 −8.02 pp
1992 38.73 +3.03 pp
1991 35.7 +0.12 pp
1990 35.57 +3.33 pp
1989 32.24 +8.89 pp
1988 23.35 +1.94 pp
1987 21.41 +4.64 pp
1986 16.77 −12.29 pp
1985 29.05 +0.18 pp
1984 28.88 +5.59 pp
1983 23.29 +3.5 pp
1982 19.78 −3.76 pp
1981 23.54 −42.85 pp
1980 66.4 +8.1 pp
1979 58.3 −4.01 pp
1978 62.31 −1.34 pp
1977 63.64 +11.92 pp
1976 51.72 +1.77 pp
1975 49.95 +1.74 pp
1974 48.2 +13.09 pp
1973 35.11 +5.09 pp
1972 30.02 −6.23 pp
1971 36.26 +17.93 pp
1970 18.32 −5.6 pp
1969 23.92 +2.18 pp
1968 21.75 −3.3 pp
1967 25.04 +1.26 pp
1966 23.78 −2.08 pp
1965 25.86 +2.23 pp
1964 23.63 +2.35 pp
1963 21.28 +0.15 pp
1962 21.12 −3.7 pp
1961 24.82 −0.58 pp
1960 25.4

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

Source: World Development Indicators (World Bank), license CC BY 4.0.