Nigeria imports


Nigeria imports: 4384900.26 (-17.53%)
Last Update: March 31, 2024

Nigeria imports closed down 4384900.26 as of March 31, 2024 from 5317277.06 from the previous month and 1866912.43 from last year.


Nigeria imports Analytics & Data




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Nigeria imports

Date Values
2024-03-31 4384900.26
2024-02-29 5317277.06
2024-01-31 4875383.94
2023-12-31 4822305.79
2023-11-30 3014709.16
2023-10-31 8512239.93
2023-09-30 2429185.2
2023-08-31 3164166.15
2023-06-30 1285540.27
2023-05-31 2531866.9
2023-04-30 1908844.65
2023-03-31 1376383.63
2023-02-28 1866912.43
2023-01-31 2531866.9
2022-12-31 1866912.43
2022-11-30 1939908.8
2022-10-31 2187190.3
2022-09-30 1392483.7
2022-08-31 2026462
2022-07-31 2245351
2022-06-30 1669497.8
2022-05-31 2051814
2022-04-30 1713699.2
2022-03-31 1834067.44

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Nigeria imports Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
imports ng.imports 4384900.26 5317280 -18 135 UP UP 95 2024-03-31

Nigeria imports Quantitative Analysis, Charts & Factors

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Nigeria imports Historical Data

The MacroVar database offers free access to historical data for the Nigeria imports, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Nigeria imports data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Nigeria imports

a large amount of goods and products from other countries, including food, machinery, electronics, and vehicles. This is largely due to the fact that Nigeria does not produce enough of these items domestically to meet the demands of its growing population. Additionally, the country's economy relies heavily on oil production, which means that other sectors of the economy, such as manufacturing and agriculture, are not as developed. As a result, Nigeria relies on imports to fill the gap and meet the needs of its citizens and businesses. However, this heavy reliance on imports can also make the country vulnerable to fluctuations in global markets and exchange rates, which can impact the cost and availability of imported goods.

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