Nigeria Total Imports Growth

2004 - 2023 | Monthly | % | CEIC Data

Key information about Nigeria Total Imports Growth

  • Nigeria Total Imports grew 34.5 % YoY in Mar 2023, compared with an increase of 45.5 % YoY in the previous month
  • Nigeria Total Imports Growth data is updated monthly, available from Jan 2004 to Sep 2023, with an averaged rate of 13.9 %
  • 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 5.1 USD bn in Sep 2023, which registered an increase of 115.0 % year on year
  • Nigeria Trade Balance recorded a surplus of 1.9 USD bn in Sep 2023

View Nigeria's Total Imports Growth from Jan 2004 to Sep 2023 in the chart:

Nigeria Total Imports Growth

What was Nigeria's Total Imports Growth in Sep 2023?

Nigeria Total Imports grew 34.5 % YoY in Mar 2023, compared with an increase of 45.5 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
34.5 Sep 2023 45.5 Aug 2023 -69.3 Mar 2012 302.1 Jun 2011 % monthly Jan 2004 - Sep 2023

Total Imports Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) -7.4 Nov 2023 monthly Jan 2006 - Nov 2023
Algeria (%) -15.4 Dec 2020 monthly Jan 2001 - Dec 2020
Argentina (%) -20.4 Feb 2024 monthly Jan 1992 - Feb 2024
Armenia (%) 79.9 Feb 2024 monthly Jan 2001 - Feb 2024
Australia (%) -5.3 Jan 2024 monthly Jul 1972 - Jan 2024
Austria (%) -14.3 Nov 2023 monthly Jan 1954 - Nov 2023
Azerbaijan (%) -19.1 Jan 2024 monthly Jan 2001 - Jan 2024
Bahrain (%) -6.5 Sep 2023 quarterly Mar 2019 - Sep 2023
Bangladesh (%) 15.2 Jan 2024 monthly Jul 1987 - Jan 2024
Belarus (%) 0.2 Jan 2024 monthly Jan 2001 - Jan 2024
Belgium (%) -17.2 Jan 2024 monthly Jan 1994 - Jan 2024
Bolivia (%) -10.0 Jan 2024 monthly Jan 2001 - Jan 2024
Bosnia and Herzegovina (%) 9.6 Feb 2024 monthly Jan 2001 - Feb 2024
Botswana (%) 25.1 Jan 2024 monthly Jan 2004 - Jan 2024
Brazil (%) 2.4 Feb 2024 monthly Jan 1960 - Feb 2024
Brunei (%) -32.8 Dec 2023 monthly Jan 2011 - Dec 2023
Bulgaria (%) -8.2 Jan 2024 monthly Jan 2001 - Jan 2024
Cambodia (%) -0.8 Dec 2023 quarterly Sep 2014 - Dec 2023
Canada (%) -6.0 Jan 2024 monthly Jan 1989 - Jan 2024
Chile (%) -4.9 Feb 2024 monthly Jan 2004 - Feb 2024
China (%) 20.8 Oct 2021 monthly May 2009 - Oct 2021
Colombia (%) -10.3 Jan 2024 monthly Jan 1981 - Jan 2024
Croatia (%) -16.1 Dec 2023 monthly Jan 1998 - Dec 2023
Cyprus (%) -51.1 Jan 2024 monthly Jan 2001 - Jan 2024
Czech Republic (%) -1.0 Jan 2024 monthly Jan 1997 - Jan 2024
Denmark (%) 4.1 Jan 2024 monthly Jan 1998 - Jan 2024
Ecuador (%) -7.8 Jan 2024 monthly Jan 1958 - Jan 2024
Egypt (%) -12.5 Jan 2024 monthly Jul 1995 - Jan 2024
Estonia (%) -29.2 Dec 2023 monthly Jan 1994 - Dec 2023
European Union (%) -20.1 Jan 2024 monthly Jan 2003 - Jan 2024
Finland (%) -14.2 Jan 2024 monthly Jan 2000 - Jan 2024
France (%) -10.5 Jan 2024 monthly Jan 2001 - Jan 2024
Georgia (%) 4.4 Feb 2024 monthly Jan 1996 - Feb 2024
Germany (%) -8.3 Jan 2024 monthly Jan 1951 - Jan 2024
Ghana (%) -11.1 Aug 2023 monthly Mar 2006 - Aug 2023
Greece (%) -15.5 Dec 2023 monthly Jan 2003 - Dec 2023
Hong Kong SAR, China (%) -1.8 Feb 2024 monthly Jan 1953 - Feb 2024
Hungary (%) -17.2 Jan 2024 monthly Jan 2003 - Jan 2024
Iceland (%) 0.5 Feb 2024 monthly Jan 1989 - Feb 2024
India (%) 12.7 Feb 2024 monthly Jan 1958 - Feb 2024
Indonesia (%) 15.8 Feb 2024 monthly Jan 2009 - Feb 2024
Iran (%) 13.8 2023 yearly 1980 - 2023
Ireland (%) -20.7 Jan 2024 monthly Jan 1971 - Jan 2024
Israel (%) -0.3 Feb 2024 monthly Jan 1981 - Feb 2024
Italy (%) -13.5 Jan 2024 monthly Jan 1992 - Jan 2024
Ivory Coast (%) 26.6 Jul 2023 monthly Jan 2012 - Jul 2023
Japan (%) -4.0 Feb 2024 monthly Apr 1996 - Feb 2024
Jordan (%) -19.7 Jan 2024 monthly Jan 1973 - Jan 2024
Kazakhstan (%) 0.6 Jan 2024 monthly Sep 1996 - Jan 2024
Kenya (%) 25.3 Jan 2024 monthly Aug 1999 - Jan 2024
South Korea (%) -12.3 Mar 2024 monthly Jan 1967 - Mar 2024
Kosovo (%) 19.7 Feb 2024 monthly Jan 2004 - Feb 2024
Kuwait (%) 27.7 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (%) 35.1 Jan 2024 monthly Jan 2004 - Jan 2024
Laos (%) 0.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Latvia (%) -15.3 Jan 2024 monthly Jan 1996 - Jan 2024
Lebanon (%) 1,305.3 Aug 2023 monthly Jan 1994 - Aug 2023
Lithuania (%) -25.7 Dec 2023 monthly Jan 2000 - Dec 2023
Luxembourg (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Macau SAR, China (%) 4.3 May 2023 monthly Jan 2001 - May 2023
North Macedonia (%) -4.8 Jan 2024 monthly Jan 2003 - Jan 2024
Malawi (%) -35.3 Feb 2023 monthly Jan 1995 - Feb 2023
Malaysia (%) 8.2 Feb 2024 monthly Jan 1991 - Feb 2024
Malta (%) -3.5 Jan 2024 monthly Oct 1995 - Jan 2024
Mauritius (%) 6.5 Jan 2024 monthly Jan 2007 - Jan 2024
Mexico (%) 4.7 Feb 2024 monthly Jan 1994 - Feb 2024
Moldova (%) -14.7 Nov 2023 monthly Jan 2006 - Nov 2023
Mongolia (%) 29.6 Feb 2024 monthly Jan 1998 - Feb 2024
Montenegro (%) 7.0 Dec 2023 monthly Jan 2006 - Dec 2023
Morocco (%) 13.5 Jan 2024 monthly Jan 1997 - Jan 2024
Mozambique (%) -11.3 Dec 2023 monthly Jan 2012 - Dec 2023
Myanmar (%) 38.4 Jul 2022 monthly Jul 2011 - Jul 2022
Nepal (%) 2.6 Feb 2024 monthly Aug 2004 - Feb 2024
Netherlands (%) -18.2 Jan 2024 monthly Jan 1997 - Jan 2024
New Zealand (%) 3.3 Feb 2024 monthly Jan 1961 - Feb 2024
Nigeria (%) 34.5 Sep 2023 monthly Jan 2004 - Sep 2023
Norway (%) -2.4 Feb 2024 monthly Jan 1977 - Feb 2024
Oman (%) 0.7 Mar 2023 monthly Jan 1976 - Mar 2023
Pakistan (%) 23.3 Mar 2024 monthly Dec 1988 - Mar 2024
Palestinian Territory (%) -33.8 Jan 2024 monthly Jan 2012 - Jan 2024
Panama (%) -4.5 Jan 2024 monthly Jan 2001 - Jan 2024
Paraguay (%) 5.4 Feb 2024 monthly Jan 1995 - Feb 2024
Peru (%) 6.2 Jan 2024 monthly Jan 1986 - Jan 2024
Philippines (%) -7.6 Jan 2024 monthly Jan 1980 - Jan 2024
Poland (%) -14.6 Jan 2024 monthly Jan 2001 - Jan 2024
Portugal (%) -4.5 Jan 2024 monthly Jan 1994 - Jan 2024
Qatar (%) 24.6 Feb 2024 monthly Jan 1999 - Feb 2024
Romania (%) 2.0 Feb 2024 monthly Jan 2004 - Feb 2024
Russia (%) -4.8 Jan 2023 monthly Jan 1999 - Jan 2023
Saudi Arabia (%) -1.4 Jan 2024 monthly Jan 2006 - Jan 2024
Serbia (%) 4.7 Feb 2024 monthly Jan 2002 - Feb 2024
Singapore (%) 9.0 Feb 2024 monthly Jan 1965 - Feb 2024
Slovakia (%) -6.9 Jan 2024 monthly Jan 2005 - Jan 2024
Slovenia (%) 6.6 Jan 2024 monthly Jan 1997 - Jan 2024
South Africa (%) 5.1 Feb 2024 monthly Oct 2005 - Feb 2024
Spain (%) -2.2 Jan 2024 monthly Feb 1975 - Jan 2024
Sri Lanka (%) 35.0 Feb 2024 monthly Jan 1983 - Feb 2024
Sudan (%) -12.3 Dec 2022 monthly Jan 2004 - Dec 2022
Sweden (%) -0.3 Feb 2024 monthly Jan 1976 - Feb 2024
Switzerland (%) 7.4 Feb 2024 monthly Jan 1989 - Feb 2024

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Nigeria Key Series

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Includes 202 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Consolidated Fiscal Balance (USD mn) -3,071.175 Sep 2023 quarterly Mar 2005 - Sep 2023
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 39.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Forecast: Government Expenditure (NGN bn) 69,308.370 2028 yearly 1990 - 2028
Forecast: Government Net Debt (NGN bn) 205,772.040 2028 yearly 1990 - 2028
Forecast: Government Revenue (NGN bn) 42,354.640 2028 yearly 1990 - 2028
Federal Govt Balance (NGN bn) -2,347.160 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Capital (NGN bn) 1,043.310 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue (NGN bn) 4,791.390 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Recurrent (NGN bn) 2,791.110 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Revenue (NGN bn) 1,693.020 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure (NGN bn) 4,040.180 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue: Oil (NGN bn) 814.230 Sep 2023 quarterly Mar 2005 - Sep 2023
Government Debt: Domestic (NGN bn) 53,258.012 Dec 2023 quarterly Dec 2005 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Total Exports (USD mn) 4,751.7 Dec 2023 monthly Jan 2003 - Dec 2023
Total Exports Growth (%) 82.1 Dec 2023 monthly Jan 2004 - Dec 2023
Aluminum: Exports (USD th) 165,856.846 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 2,876.353 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 480.530 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 34.5 Sep 2023 monthly Jan 2004 - Sep 2023
Imports: Medicament (USD th) 755,360.705 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 508,406.689 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 332.105 Dec 2023 monthly Jan 2003 - Dec 2023
Total Imports from USA (USD mn) 176.789 Dec 2023 monthly Dec 2009 - Dec 2023
Total Exports to China (USD mn) 24.772 Sep 2023 monthly Jan 2007 - Sep 2023
Total Imports from China (USD mn) 715.679 Sep 2023 monthly Jan 2007 - Sep 2023
Imports (NGN mn) 2,429,185.197 Sep 2023 monthly Jan 2003 - Sep 2023
Exports: Crude Oil (NGN mn) 3,404,818.113 Dec 2023 monthly Jan 2003 - Dec 2023
Total Trade (NGN mn) 6,865,948.584 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: America: ow USA (NGN mn) 299,453.208 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Europe: ow Netherlands (NGN mn) 523,568.988 Dec 2023 monthly Jan 2003 - Dec 2023
Exports (NGN mn) 4,284,566.609 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Europe: ow UK (NGN mn) 93,037.938 Dec 2023 monthly Jan 2003 - Dec 2023
Exports: Mineral Products (NGN mn) 24,389,951.388 2022 yearly 2003 - 2022
Exports: Vegetable Products (NGN mn) 316,546.604 2022 yearly 2003 - 2022
Imports: Europe: ow Netherlands (NGN mn) 158,090.619 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Asia: ow China (NGN mn) 631,502.155 Dec 2023 monthly Jan 2007 - Dec 2023
Imports: Europe: ow Germany (NGN mn) 68,742.651 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: America: ow USA (NGN mn) 159,407.643 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Europe: ow UK (NGN mn) 71,966.938 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 810,486.908 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Chemicals and Chemical Products (NGN mn) 385,751.608 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Manufactured Goods (NGN mn) 184,959.341 Sep 2023 monthly Jan 2003 - Sep 2023
Imports: Food and Live Animals (NGN mn) 364,417.505 Dec 2023 monthly Jan 2003 - Dec 2023
Imports: Machinery and Transport Equipment (NGN mn) 639,703.694 Sep 2023 monthly Jan 2003 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 274.7 Dec 2022 quarterly Mar 2008 - Dec 2022
Current Account Balance (USD mn) 2,348.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Current Account Balance: % of GDP (%) 1.8 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Direct Investment (USD mn) 752.7 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Direct Investment: % of GDP (%) 0.6 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment (USD mn) 337.399 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) 0.3 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -2.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 339.714 Dec 2022 quarterly Mar 2008 - Dec 2022
External Debt (USD mn) 42,495.2 Dec 2023 quarterly Dec 2006 - Dec 2023
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) 0.890 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -80,930.532 2022 yearly 2005 - 2022
BoP: CF: Capital Account (USD mn) 0.000 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CA: Current Transfers (USD mn) 5,442.967 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,000.946 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) 94.452 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) 1,437.945 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) -182.419 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: CF: Financial Account: Assets: Other Investment (USD mn) -1,699.632 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Goods (USD mn) 2,798.047 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Income (USD mn) -2,264.294 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Goods: Debit (USD mn) -11,787.111 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Assets (USD mn) -1,085.664 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Current Transfers: Credit (USD mn) 5,452.430 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Services: Debit (USD mn) -4,428.113 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Income: Debit (USD mn) -2,775.122 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: Net Errors & Omission (USD mn) -3,201.073 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 848.311 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Current Transfers: Debit (USD mn) -505.024 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Goods: Credit (USD mn) 14,585.159 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Income: Credit (USD mn) 510.828 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Services: Credit (USD mn) 1,295.268 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account (USD mn) 852.759 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CA: Services (USD mn) -3,132.845 Dec 2022 quarterly Mar 2008 - Dec 2022
BoP: CF: Financial Account: Liabilities (USD mn) 1,938.423 Dec 2022 quarterly Mar 2008 - Dec 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government: International Capital Market (USD mn) 15,118.350 Dec 2023 quarterly Mar 2011 - Dec 2023
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
Capital Inflow: Foreign Direct Investment (USD) 20,080,525.860 Nov 2022 monthly Jan 2007 - Nov 2022
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) 19,608.589 Feb 2024 monthly Nov 1992 - Feb 2024
Money Supply M2 (USD mn) 60,857.230 Feb 2024 monthly Nov 1992 - Feb 2024
M2 Growth (%) 77.6 Feb 2024 monthly Nov 1993 - Feb 2024
Reserve Requirement Ratio (%) 45.0 Mar 2024 monthly Nov 2005 - Mar 2024
Foreign Exchange Reserves (USD mn) 32,360.0 Nov 2023 monthly Jan 1960 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 7.771 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 8.9 Nov 2023 monthly Jan 2003 - Nov 2023
Gold Reserves (USD mn) 1,273.284 Sep 2023 monthly Dec 1950 - Sep 2023
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) 74,341.2 Feb 2024 monthly Nov 1992 - Feb 2024
Domestic Credit Growth (%) 63.6 Feb 2024 monthly Nov 1993 - Feb 2024
Private Debt: % of Nominal GDP (%) 16.22 Sep 2023 quarterly Dec 2010 - Sep 2023
Monetary Survey: Liabilities: Base Money (NGN mn) 21,230,656.700 Feb 2024 monthly Jan 1993 - Feb 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 63,691,242.700 Feb 2024 monthly Nov 1992 - Feb 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 30,277,249.260 Feb 2024 monthly Nov 1992 - Feb 2024
Monetary Survey: Liabilities: M2 (NGN mn) 93,968,491.960 Feb 2024 monthly Nov 1992 - Feb 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.210 Dec 2022 semiannually Dec 2003 - Dec 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.6 Nov 2023 monthly Jul 2015 - Nov 2023

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