Nigeria Total Imports Growth

2004 - 2024 | Monthly | % | CEIC Data

Key information about Nigeria Total Imports Growth

  • Nigeria Total Imports grew 62.9 % YoY in Mar 2023, compared with an increase of 52.6 % YoY in the previous month
  • Nigeria Total Imports Growth data is updated monthly, available from Jan 2004 to Sep 2024, with an averaged rate of 18.0 %
  • The data reached an all-time high of 302.1 % in Jun 2011 and a record low of -69.3 % in Mar 2012

CEIC calculates Total Imports Growth from monthly Total Imports. The National Bureau of Statistics provides Total Imports, CIF, in local currency.


Further information about Nigeria Total Imports Growth

  • In the latest reports, Nigeria Total Imports recorded 3.0 USD bn in Mar 2023
  • Total Exports reached 3.7 USD bn in Sep 2024, which registered an increase of 56.4 % year on year
  • Nigeria Trade Balance recorded a surplus of 1.0 USD bn in Sep 2024

View Nigeria's Total Imports Growth from Jan 2004 to Sep 2024 in the chart:

Nigeria Total Imports Growth

What was Nigeria's Total Imports Growth in Sep 2024?

Nigeria Total Imports grew 62.9 % YoY in Mar 2023, compared with an increase of 52.6 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
62.9 Sep 2024 52.6 Aug 2024 -69.3 Mar 2012 302.1 Jun 2011 % monthly Jan 2004 - Sep 2024

Total Imports Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 0.1 Jan 2025 monthly Jan 2006 - Jan 2025
Algeria (%) -15.4 Dec 2020 monthly Jan 2001 - Dec 2020
Argentina (%) 25.4 Jan 2025 monthly Jan 1992 - Jan 2025
Armenia (%) -33.5 Jan 2025 monthly Jan 2001 - Jan 2025
Australia (%) 9.2 Dec 2024 monthly Jul 1972 - Dec 2024
Austria (%) 4.1 Dec 2024 monthly Jan 1954 - Dec 2024
Azerbaijan (%) 79.6 Jan 2025 monthly Jan 2001 - Jan 2025
Bahrain (%) 0.5 Sep 2024 quarterly Mar 2019 - Sep 2024
Bangladesh (%) 23.3 Dec 2024 monthly Jul 1987 - Dec 2024
Belarus (%) 1.0 Jan 2025 monthly Jan 2001 - Jan 2025
Belgium (%) -8.4 Nov 2024 monthly Jan 1994 - Nov 2024
Bolivia (%) -6.6 Jan 2025 monthly Jan 2001 - Jan 2025
Bosnia and Herzegovina (%) 9.8 Jan 2025 monthly Jan 2001 - Jan 2025
Botswana (%) 18.5 Dec 2024 monthly Jan 2004 - Dec 2024
Brazil (%) 27.6 Feb 2025 monthly Jan 1960 - Feb 2025
Brunei (%) -10.1 Dec 2024 monthly Jan 2011 - Dec 2024
Bulgaria (%) 10.4 Jan 2025 monthly Jan 2001 - Jan 2025
Cambodia (%) 19.0 Dec 2024 quarterly Sep 2014 - Dec 2024
Canada (%) 14.1 Jan 2025 monthly Jan 1989 - Jan 2025
Chile (%) 5.4 Feb 2025 monthly Jan 2004 - Feb 2025
China (%) 20.8 Oct 2021 monthly May 2009 - Oct 2021
Colombia (%) 7.5 Dec 2024 monthly Jan 1981 - Dec 2024
Croatia (%) 7.7 Dec 2024 monthly Jan 1998 - Dec 2024
Cyprus (%) 37.7 Dec 2024 monthly Jan 2001 - Dec 2024
Czech Republic (%) 5.2 Jan 2025 monthly Jan 1997 - Jan 2025
Denmark (%) 0.3 Dec 2024 monthly Jan 1998 - Dec 2024
Ecuador (%) 13.0 Dec 2024 monthly Jan 1958 - Dec 2024
Egypt (%) 11.3 Dec 2024 monthly Jul 1995 - Dec 2024
Estonia (%) 16.1 Jan 2025 monthly Jan 1994 - Jan 2025
European Union (%) 1.8 Dec 2024 monthly Jan 2003 - Dec 2024
Finland (%) -4.4 Dec 2024 monthly Jan 2000 - Dec 2024
France (%) 1.0 Jan 2025 monthly Jan 2001 - Jan 2025
Georgia (%) 45.5 Jan 2025 monthly Jan 1996 - Jan 2025
Germany (%) 8.7 Jan 2025 monthly Jan 1951 - Jan 2025
Ghana (%) 9.5 Dec 2024 monthly Mar 2006 - Dec 2024
Greece (%) 4.7 Jan 2025 monthly Jan 2003 - Jan 2025
Hong Kong SAR, China (%) 0.5 Jan 2025 monthly Jan 1953 - Jan 2025
Hungary (%) 8.4 Jan 2025 monthly Jan 2003 - Jan 2025
Iceland (%) 36.8 Feb 2025 monthly Jan 1989 - Feb 2025
India (%) 14.5 Jan 2025 monthly Jan 1958 - Jan 2025
Indonesia (%) -2.7 Jan 2025 monthly Jan 2009 - Jan 2025
Iran (%) 13.8 2023 yearly 1980 - 2023
Ireland (%) -16.1 Nov 2024 monthly Jan 1971 - Nov 2024
Israel (%) 25.8 Dec 2024 monthly Jan 1981 - Dec 2024
Italy (%) 1.7 Dec 2024 monthly Jan 1992 - Dec 2024
Ivory Coast (%) 15.0 Sep 2024 monthly Jan 2012 - Sep 2024
Japan (%) 15.9 Jan 2025 monthly Apr 1996 - Jan 2025
Jordan (%) 39.8 Dec 2024 monthly Jan 1973 - Dec 2024
Kazakhstan (%) 4.0 Dec 2024 monthly Sep 1996 - Dec 2024
Kenya (%) -12.1 Nov 2024 monthly Aug 1999 - Nov 2024
South Korea (%) 0.2 Feb 2025 monthly Jan 1967 - Feb 2025
Kosovo (%) 16.2 Dec 2024 monthly Jan 2004 - Dec 2024
Kuwait (%) 14.5 Nov 2024 monthly Jan 1993 - Nov 2024
Kyrgyzstan (%) -20.5 Dec 2024 monthly Jan 2004 - Dec 2024
Laos (%) 4.4 Sep 2024 quarterly Mar 2005 - Sep 2024
Latvia (%) 16.8 Jan 2025 monthly Jan 1996 - Jan 2025
Lebanon (%) -4.8 Dec 2024 monthly Jan 1994 - Dec 2024
Lithuania (%) 3.1 Jan 2025 monthly Jan 2000 - Jan 2025
Luxembourg (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Macau SAR, China (%) 4.3 May 2023 monthly Jan 2001 - May 2023
North Macedonia (%) 0.6 Jan 2025 monthly Jan 2003 - Jan 2025
Malawi (%) 24.8 Nov 2024 monthly Jan 1995 - Nov 2024
Malaysia (%) 5.8 Jan 2025 monthly Jan 1991 - Jan 2025
Malta (%) -2.2 Jan 2025 monthly Oct 1995 - Jan 2025
Mauritius (%) 19.8 Dec 2024 monthly Jan 2007 - Dec 2024
Mexico (%) 6.5 Jan 2025 monthly Jan 1994 - Jan 2025
Moldova (%) 4.3 Dec 2024 monthly Jan 2006 - Dec 2024
Mongolia (%) 11.7 Feb 2025 monthly Jan 1998 - Feb 2025
Montenegro (%) 4.5 Jan 2025 monthly Jan 2006 - Jan 2025
Morocco (%) 3.0 Jan 2025 monthly Jan 1997 - Jan 2025
Mozambique (%) -24.0 Dec 2024 monthly Jan 2012 - Dec 2024
Myanmar (%) 38.4 Jul 2022 monthly Jul 2011 - Jul 2022
Nepal (%) 28.1 Feb 2025 monthly Aug 2004 - Feb 2025
Netherlands (%) 5.9 Jan 2025 monthly Jan 1997 - Jan 2025
New Zealand (%) 13.4 Jan 2025 monthly Jan 1961 - Jan 2025
Nigeria (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Norway (%) 1.0 Jan 2025 monthly Jan 1977 - Jan 2025
Oman (%) 0.7 Mar 2023 monthly Jan 1976 - Mar 2023
Pakistan (%) 9.9 Jan 2025 monthly Dec 1988 - Jan 2025
Palestinian Territory (%) 31.4 Dec 2024 monthly Jan 2012 - Dec 2024
Panama (%) -1.9 Dec 2024 monthly Jan 2001 - Dec 2024
Paraguay (%) -0.6 Jan 2025 monthly Jan 1995 - Jan 2025
Peru (%) 15.0 Nov 2024 monthly Jan 1986 - Nov 2024
Philippines (%) 10.8 Jan 2025 monthly Jan 1980 - Jan 2025
Poland (%) -4.1 Nov 2024 monthly Jan 2001 - Nov 2024
Portugal (%) 8.4 Jan 2025 monthly Jan 1994 - Jan 2025
Qatar (%) 21.6 Dec 2024 monthly Jan 1999 - Dec 2024
Romania (%) 10.3 Jan 2025 monthly Jan 2004 - Jan 2025
Russia (%) 5.8 Dec 2024 monthly Jan 1999 - Dec 2024
Saudi Arabia (%) 27.1 Dec 2024 monthly Jan 2006 - Dec 2024
Serbia (%) 3.6 Dec 2024 monthly Jan 2002 - Dec 2024
Singapore (%) 14.8 Jan 2025 monthly Jan 1965 - Jan 2025
Slovakia (%) 12.8 Jan 2025 monthly Jan 2005 - Jan 2025
Slovenia (%) 0.8 Jan 2025 monthly Jan 1997 - Jan 2025
South Africa (%) 7.6 Jan 2025 monthly Oct 2005 - Jan 2025
Spain (%) 1.3 Nov 2024 monthly Dec 1975 - Nov 2024
Sri Lanka (%) 18.1 Jan 2025 monthly Jan 1983 - Jan 2025
Sudan (%) -12.3 Dec 2022 monthly Jan 2004 - Dec 2022
Sweden (%) 6.9 Jan 2025 monthly Jan 1976 - Jan 2025
Switzerland (%) 28.6 Jan 2025 monthly Jan 1989 - Jan 2025

Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,078.997 Sep 2024 quarterly Mar 2005 - Sep 2024
National Government Debt (USD mn) 86,261.2 Sep 2024 quarterly Dec 2006 - Sep 2024
Government Debt: % of GDP (%) 53.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 4.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 43,026.6 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 24,967.124 Jan 2025 monthly Nov 1992 - Jan 2025
Money Supply M2 (USD mn) 75,096.954 Jan 2025 monthly Nov 1992 - Jan 2025
M2 Growth (%) 18.3 Jan 2025 monthly Nov 1993 - Jan 2025
Reserve Requirement Ratio (%) 50.0 Feb 2025 monthly Nov 2005 - Feb 2025
Foreign Exchange Reserves (USD mn) 40,380.0 Nov 2024 monthly Jan 1960 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 18.573 Sep 2024 quarterly Dec 2010 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 14.5 Sep 2024 monthly Jan 2003 - Sep 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 67,269.4 Jan 2025 monthly Nov 1992 - Jan 2025
Domestic Credit Growth (%) -0.6 Jan 2025 monthly Nov 1993 - Jan 2025
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024

More Indicators for Nigeria

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