Nigeria: Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)
In , Nigeria's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) was 20.19.
That's down 19.7% from 2022, the highest value since .
The global average for this indicator in 2023 was 20.25 . Nigeria ranks #87 globally out of 205 reporting countries. Within Sub-Saharan Africa, it ranks #23 of 48.
Source: World Bank Open Data (TM.VAL.MRCH.R1.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
- 31.71
- Trough
- 20.19
- 1-year change
- -19.7%
- 5-year change
- -24.7%
- -5.5% / yr
- 10-year change
- -24.7%
- -2.8% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) |
|---|---|
| 20.1898 | |
| 25.1362 | |
| 27.9364 | |
| 31.7054 | |
| 26.8089 | |
| 26.8090 | |
| 25.9564 | |
| 26.8093 | |
| 26.8089 | |
| 26.8090 |
About Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)
Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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: TM.VAL.MRCH.R1.ZS • Category: Trade & Finance
Frequently asked questions
- What was Nigeria's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) in 2023?
- In 2023, Nigeria's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) was 20.19, according to World Bank Open Data.
- Is Nigeria's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) rising or falling?
- Nigeria's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) fell 19.7% from 2022 to 2023.
- How does Nigeria rank globally on Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)?
- In 2023, Nigeria ranked #87 out of 205 countries reporting Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports).
- How does Nigeria's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) in 2023 was 20.25, so Nigeria is below the world average. Within Sub-Saharan Africa, it ranks #23 of 48.
- What is Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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 (TM.VAL.MRCH.R1.ZS), CC BY 4.0.