Nigeria: Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
In , Nigeria's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) was 10.21.
That's down 63.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 21.22 . Nigeria ranks #114 globally out of 202 reporting countries. Within Sub-Saharan Africa, it ranks #29 of 48.
Source: World Bank Open Data (TX.VAL.MRCH.WR.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
- 27.78
- Trough
- 10.21
- 1-year change
- -63.3%
- 5-year change
- -59.5%
- -16.5% / yr
- 10-year change
- -57.5%
- -8.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) |
|---|---|
| 10.2069 | |
| 27.7811 | |
| 12.8526 | |
| 19.3322 | |
| 24.5785 | |
| 25.1815 | |
| 25.2398 | |
| 24.5869 | |
| 24.0298 | |
| 24.0292 |
About Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.
Indicator code: TX.VAL.MRCH.WR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Nigeria's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in 2023?
- In 2023, Nigeria's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) was 10.21, according to World Bank Open Data.
- Is Nigeria's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) rising or falling?
- Nigeria's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) fell 63.3% from 2022 to 2023.
- How does Nigeria rank globally on Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)?
- In 2023, Nigeria ranked #114 out of 202 countries reporting Merchandise exports to low- and middle-income economies within region (% of total merchandise exports).
- How does Nigeria's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in 2023 was 21.22, so Nigeria is below the world average. Within Sub-Saharan Africa, it ranks #29 of 48.
- What is Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.
Source: World Bank Open Data (TX.VAL.MRCH.WR.ZS), CC BY 4.0.