Merchandise Imports in Nigeria
Merchandise imports in Nigeria were worth USD 39.8 billion in 2024, compared to USD 61.5 billion ten years earlier, and they averaged USD 48.6 billion over the last decade. For more information on imports, visit our dedicated page.
Nigeria Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for Nigeria from 2023 to 2024.
Source: Macrobond.
Nigeria Merchandise Imports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 52.3 | 51.4 | 58.2 | 47.7 | 39.8 |
| Merchandise Imports (ann. var. %) | -15.7 | -1.8 | 13.2 | -18.0 | -16.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian merchandise imports projections for the next ten years from a panel of 6 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 imports forecast available for Nigerian merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian merchandise imports projections.
Want to get access to the full dataset of Nigerian merchandise imports forecasts? Send an email to info@focus-economics.com.