Nigeria: Merchandise exports to high-income economies (% of total merchandise exports)
In , Nigeria's Merchandise exports to high-income economies (% of total merchandise exports) was 64.15.
That's up 27.6% from 2022, the highest value on record.
The global average for this indicator in 2023 was 60.91 . Nigeria ranks #111 globally out of 205 reporting countries. Within Sub-Saharan Africa, it ranks #16 of 48.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 64.15
- Trough
- 44.47
- 1-year change
- +27.6%
- 5-year change
- +44.3%
- +7.6% / yr
- 10-year change
- +36.5%
- +3.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to high-income economies (% of total merchandise exports) |
|---|---|
| 64.1497 | |
| 50.2819 | |
| 54.8709 | |
| 50.1659 | |
| 45.7872 | |
| 44.4661 | |
| 44.5647 | |
| 45.7883 | |
| 47.0111 | |
| 47.0117 |
About Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies 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.
Indicator code: TX.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Nigeria's Merchandise exports to high-income economies (% of total merchandise exports) in 2023?
- In 2023, Nigeria's Merchandise exports to high-income economies (% of total merchandise exports) was 64.15, according to World Bank Open Data.
- Is Nigeria's Merchandise exports to high-income economies (% of total merchandise exports) rising or falling?
- Nigeria's Merchandise exports to high-income economies (% of total merchandise exports) rose 27.6% from 2022 to 2023.
- How does Nigeria rank globally on Merchandise exports to high-income economies (% of total merchandise exports)?
- In 2023, Nigeria ranked #111 out of 205 countries reporting Merchandise exports to high-income economies (% of total merchandise exports).
- How does Nigeria's Merchandise exports to high-income economies (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to high-income economies (% of total merchandise exports) in 2023 was 60.91, so Nigeria is above the world average. Within Sub-Saharan Africa, it ranks #16 of 48.
- What is Merchandise exports to high-income economies (% of total merchandise exports) and how is it measured?
- Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies 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 Open Data (TX.VAL.MRCH.HI.ZS), CC BY 4.0.