Goods Exports (BoP, USD) in Nigeria

Goods exports as a part of the balance of payment reached 45.7 USD bil in 2017 in Nigeria, according to the National Statistical Office. This is 31.9 % more than in the previous year.

Historically, goods exports as a part of the balance of payment in Nigeria reached an all time high of 99.1 USD bil in 2011 and an all time low of 2.56 USD bil in 1998. When compared to Nigeria's main peers, goods exports as a part of the balance of payment in Benin amounted to 2.22 USD bil, 4.60 USD bil in Cameroon and 1.21 USD bil in Niger in 2017.

Nigeria has been ranked 50th within the group of 156 countries we follow in terms of goods exports as a part of the balance of payment, 10 places behind the position seen 10 years ago.

Goods exports refer to all movable goods (including non-monetary gold) involved in a change of ownership from residents to non-residents.

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