Nigeria: Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
In , Nigeria's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 25.64.
That's up 16.9% from 2022, the highest value since .
The global average for this indicator in 2023 was 18.45 . Nigeria ranks #49 globally out of 201 reporting countries. Within Sub-Saharan Africa, it ranks #19 of 48.
Source: World Bank Open Data (TX.VAL.MRCH.OR.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
- 32.28
- Trough
- 21.94
- 1-year change
- +16.9%
- 5-year change
- -15.5%
- -3.3% / yr
- 10-year change
- -11.4%
- -1.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) |
|---|---|
| 25.6431 | |
| 21.9370 | |
| 32.2765 | |
| 30.5018 | |
| 29.6344 | |
| 30.3524 | |
| 30.1955 | |
| 29.6248 | |
| 28.9591 | |
| 28.9591 |
About Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Nigeria's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023?
- In 2023, Nigeria's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 25.64, according to World Bank Open Data.
- Is Nigeria's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rising or falling?
- Nigeria's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rose 16.9% from 2022 to 2023.
- How does Nigeria rank globally on Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)?
- In 2023, Nigeria ranked #49 out of 201 countries reporting Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports).
- How does Nigeria's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023 was 18.45, so Nigeria is above the world average. Within Sub-Saharan Africa, it ranks #19 of 48.
- What is Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.OR.ZS), CC BY 4.0.