Nigeria: Imports, billion dollars

* indicates monthly or quarterly data series
 Nigeria

Imports of goods and services, billion USD

 Latest value 0.71
 Year 1960
 Measure billion U.S. dollars
 Data availability 1960 - 1960
 Average 0.71
 Min - Max 0.71 - 0.71
 Source The World Bank
The latest value from 1960 is 0.71 billion U.S. dollars, an increase from billion U.S. dollars in . In comparison, the world average is 0.66 billion U.S. dollars, based on data from 57 countries. Historically, the average for Nigeria from 1960 to 1960 is 0.71 billion U.S. dollars. The minimum value, 0.71 billion U.S. dollars, was reached in 1960 while the maximum of 0.71 billion U.S. dollars was recorded in 1960. See the global rankings for that indicator or use the country comparator to compare trends over time. The value of that indicator for 1960 is 0.71 billion U.S. dollars.
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* indicates monthly or quarterly data series


Recent data
Nigeria - Imports, billion dollars - Recent values chart




Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

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 Related indicators Latest Reference Measure
 Terms of trade 127.38 2021 percent
 Trade openness 26.17 1960 percent
 Financial openness -0.666 2021 index points
 Exports, percent of GDP 9.24 1960 percent
 Exports, billion dollars 0.39 1960 billion U.S. dollars
 Imports, percent of GDP 16.92 1960 percent
 Imports, billion dollars 0.71 1960 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -0.04 2022 percent
 Foreign Direct Investment, billion dollars -0.19 2022 billion U.S. dollars
 Portfolio investment inflows, equities 1,588.28 2023 million dollars (current)
 Current account, percent of GDP 0.90 2023 percent
 Current account, in dollars -0.81 2023 billion U.S. dollars
 Trade balance, percent of GDP -7.68 1960 percent
 Trade balance, in dollars -5.16 2023 billion U.S. dollars
 Reserves 35.56 2022 billion U.S. dollars
 Remittances, percent of GDP 5.65 2023 percent
 Remittances 20,500.00 2023 million U.S. dollars
 Net errors and omissions -18,016.02 2023 million USD
 External debt 21.39 2022 percent
 Short-term external debt 22.25 2022 percent
 Short-term debt to reserves 61.52 2022 percent
 Foreign exchange reserves 36.61 12/2022 billion
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