Net trade in goods and services in Nigeria
Nigeria: Net trade in goods and services was -71.95 million BoP, current US$ in 2025. ◆ Volatile
Net trade in goods and services in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Nigeria is -71.95 million BoP, current US$, measured in 2025.
That represents a change of up 63.0% on the previous year and up 99.7% over ten years.
Over the whole period, net trade in goods and services in Nigeria peaked at 24.37 billion BoP, current US$ in 2005 and was at its lowest, -32.24 billion BoP, current US$, in 2020.
Nigeria ranks 84th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -348.85 million BoP, current US$ | -3.26 billion BoP, current US$ | 2.51 billion BoP, current US$ | 3 |
| 1980s | 841.18 million BoP, current US$ | -5.66 billion BoP, current US$ | 7.06 billion BoP, current US$ | 10 |
| 1990s | 1.93 billion BoP, current US$ | -1.00 billion BoP, current US$ | 7.64 billion BoP, current US$ | 10 |
| 2000s | 13.92 billion BoP, current US$ | 2.34 billion BoP, current US$ | 24.37 billion BoP, current US$ | 10 |
| 2010s | -598.42 million BoP, current US$ | -30.89 billion BoP, current US$ | 22.77 billion BoP, current US$ | 10 |
| 2020s | -10.37 billion BoP, current US$ | -32.24 billion BoP, current US$ | -71.95 million BoP, current US$ | 6 |
Countries ranked near Nigeria
- 81 Eswatini -52.85 million BoP, current US$ compare
- 82 Tuvalu -57.04 million BoP, current US$ compare
- 83 Central African Republic -65.38 million BoP, current US$ compare
- 85 Seychelles -76.15 million BoP, current US$ compare
- 86 Belize -77.64 million BoP, current US$ compare
- 87 Nauru -90.79 million BoP, current US$ compare
More economy & growth data for Nigeria
- GDP 562.59 billion constant 2015 US$ (2025)
- GDP growth 4.0% (2025)
- Agriculture, forestry, and fishing, value added 101.46 trillion current LCU (2025)
- Agriculture, forestry, and fishing, value added 132.44 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 2.9% (2025)
- Agriculture, forestry, and fishing, value added 61.04 trillion constant LCU (2025)
- Manufacturing, value added 36.46 trillion current LCU (2025)
- Manufacturing, value added 17.83 trillion constant LCU (2025)
- Manufacturing, value added 43.61 billion constant 2015 US$ (2025)
- Inflation, consumer prices 23.0% (2025)
Frequently asked questions
- What is net trade in goods and services in Nigeria?
- Net trade in goods and services in Nigeria was -71.95 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Nigeria?
- The highest recorded value was 24.37 billion BoP, current US$ in 2005.
- What is the lowest net trade in goods and services recorded in Nigeria?
- The lowest recorded value was -32.24 billion BoP, current US$ in 2020.
- How does Nigeria rank for net trade in goods and services?
- Nigeria ranks 84th out of 199 countries with data for 2025.
- Is net trade in goods and services rising or falling in Nigeria?
- Over the last ten years it is up 99.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.