Nigeria: Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
In , Nigeria's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) was 3.17.
That's down 27.4% from 2022, the highest value since .
The global average for this indicator in 2023 was 4.94 . Nigeria ranks #50 globally out of 192 reporting countries. Within Sub-Saharan Africa, it ranks #2 of 44.
Source: World Bank Open Data (TX.VAL.MRCH.R3.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
- 4.36
- Trough
- 1.01
- 1-year change
- -27.4%
- 5-year change
- +74.1%
- +11.7% / yr
- 10-year change
- +82.6%
- +6.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) |
|---|---|
| 3.1706 | |
| 4.3642 | |
| 3.5818 | |
| 1.0115 | |
| 1.7780 | |
| 1.8212 | |
| 1.8253 | |
| 1.7746 | |
| 1.7356 | |
| 1.7366 |
About Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are 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.R3.ZS • Category: Trade & Finance
Frequently asked questions
- What was Nigeria's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) in 2023?
- In 2023, Nigeria's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) was 3.17, according to World Bank Open Data.
- Is Nigeria's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) rising or falling?
- Nigeria's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) fell 27.4% from 2022 to 2023.
- How does Nigeria rank globally on Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)?
- In 2023, Nigeria ranked #50 out of 192 countries reporting Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports).
- How does Nigeria's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) in 2023 was 4.94, so Nigeria is below the world average. Within Sub-Saharan Africa, it ranks #2 of 44.
- What is Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are 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.R3.ZS), CC BY 4.0.