Imports of goods, Volume, Cost insurance freight (CIF), Percent change in Nigeria
Nigeria: Imports of goods, Volume, Cost insurance freight (CIF), Percent change was 1.62 in 2031. ◆ Volatile
Imports of goods, Volume, Cost insurance freight (CIF), Percent change in Nigeria, 1991–2031
Source: International Monetary Fund.
Analysis
The most recent figure for imports of goods, volume, cost insurance freight (cif), percent change in Nigeria is 1.62, measured in 2031.
That represents a change of down 64.8% on the previous year and up 105.4% over ten years.
Over the whole period, imports of goods, volume, cost insurance freight (cif), percent change in Nigeria peaked at 70.51 in 1991 and was at its lowest, -29.99, in 2021.
That places Nigeria 23rd out of 25 countries with data for 2031, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods, Volume, Cost insurance freight (CIF), Percent change in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 70.51 | — |
| 1992 | -8.35 | -111.8% |
| 1993 | -0.4959 | -94.1% |
| 1994 | -3.34 | +573.0% |
| 1995 | 15.93 | -577.3% |
| 1996 | -25.97 | -263.1% |
| 1997 | 57.19 | -320.2% |
| 1998 | 14.68 | -74.3% |
| 1999 | -15.75 | -207.3% |
| 2000 | -15.9 | +1.0% |
| 2001 | 38.93 | -344.8% |
| 2002 | -3.04 | -107.8% |
| 2003 | 35.1 | -1254.2% |
| 2004 | -22.19 | -163.2% |
| 2005 | 39.44 | -277.8% |
| 2006 | -25.98 | -165.9% |
| 2007 | 18.18 | -170.0% |
| 2008 | 12.86 | -29.2% |
| 2009 | 1.4 | -89.1% |
| 2010 | 35.27 | +2419.9% |
| 2011 | 8.04 | -77.2% |
| 2012 | -14.26 | -277.2% |
| 2013 | -8.31 | -41.7% |
| 2014 | 26.89 | -423.6% |
| 2015 | 22.64 | -15.8% |
| 2016 | -24.99 | -210.4% |
| 2017 | -17.45 | -30.2% |
| 2018 | 6.4 | -136.7% |
| 2019 | 61.88 | +866.4% |
| 2020 | 2.76 | -95.5% |
| 2021 | -29.99 | -1187.5% |
| 2022 | -10.62 | -64.6% |
| 2023 | -7.67 | -27.7% |
| 2024 | -14.92 | +94.5% |
| 2025 | 22.22 | -248.9% |
| 2026 | -7.69 | -134.6% |
| 2027 | 11.85 | -254.2% |
| 2028 | -1.37 | -111.6% |
| 2029 | 6.63 | -583.6% |
| 2030 | 4.61 | -30.4% |
| 2031 | 1.62 | -64.8% |
Nigeria compared with similar countries
- Nigeria's 1.62 is below the median for lower middle income countries, which is 4.86, 33% of the median. (5 countries reporting)
Biggest year-on-year movements
Years where Imports of goods, Volume, Cost insurance freight (CIF), Percent change in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +2419.9% | 1.4 | 35.27 |
| 2003 | +1254.2% | -3.04 | 35.1 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.6 | -25.97 | 70.51 | 9 |
| 2000s | 7.88 | -25.98 | 39.44 | 10 |
| 2010s | 9.61 | -24.99 | 61.88 | 10 |
| 2020s | -2.88 | -29.99 | 22.22 | 10 |
| 2030s | 3.12 | 1.62 | 4.61 | 2 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is imports of goods, volume, cost insurance freight (cif), percent change in Nigeria?
- Imports of goods, volume, cost insurance freight (cif), percent change in Nigeria was 1.62 in 2031, according to International Monetary Fund.
- What is the highest imports of goods, volume, cost insurance freight (cif), percent change recorded in Nigeria?
- The highest recorded value was 70.51 in 1991.
- What is the lowest imports of goods, volume, cost insurance freight (cif), percent change recorded in Nigeria?
- The lowest recorded value was -29.99 in 2021.
- How does Nigeria rank for imports of goods, volume, cost insurance freight (cif), percent change?
- Nigeria ranks 23rd out of 25 countries with data for 2031.
- Is imports of goods, volume, cost insurance freight (cif), percent change rising or falling in Nigeria?
- Over the last ten years it is up 105.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Imports of goods, Volume, Cost insurance freight (CIF), Percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.