Export value index in Nigeria
Nigeria: Export value index was 106.4 2015 = 100 in 2024. ▼ Falling
Export value index in Nigeria, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
In 2024, export value index in Nigeria stood at 106.4 2015 = 100.
The figure is down 3.4% on the previous year and down 48.2% over ten years.
Over the whole period, export value index in Nigeria peaked at 231.1 2015 = 100 in 2011 and was at its lowest, 66.2 2015 = 100, in 2016.
Nigeria ranks 167th of 204 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Export value index in Nigeria, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 100.6 2015 = 100 | — |
| 2006 | 117.2 2015 = 100 | +16.5% |
| 2007 | 131.7 2015 = 100 | +12.4% |
| 2008 | 172.2 2015 = 100 | +30.8% |
| 2009 | 113.1 2015 = 100 | -34.3% |
| 2010 | 167.4 2015 = 100 | +48.0% |
| 2011 | 231.1 2015 = 100 | +38.1% |
| 2012 | 228.9 2015 = 100 | -1.0% |
| 2013 | 180.5 2015 = 100 | -21.1% |
| 2014 | 205.3 2015 = 100 | +13.7% |
| 2015 | 100 2015 = 100 | -51.3% |
| 2016 | 66.2 2015 = 100 | -33.8% |
| 2017 | 88.7 2015 = 100 | +34.0% |
| 2018 | 120.8 2015 = 100 | +36.2% |
| 2019 | 124.7 2015 = 100 | +3.2% |
| 2020 | 71.1 2015 = 100 | -43.0% |
| 2021 | 93.5 2015 = 100 | +31.5% |
| 2022 | 125 2015 = 100 | +33.7% |
| 2023 | 110.1 2015 = 100 | -11.9% |
| 2024 | 106.4 2015 = 100 | -3.4% |
Nigeria compared with similar countries
- Nigeria's 106.4 2015 = 100 is below the median for lower middle income countries, which is 161.5 2015 = 100, 66% of the median. (47 countries reporting)
- Nigeria's 106.4 2015 = 100 is below the median for Sub-Saharan Africa, which is 161.5 2015 = 100, 66% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 126.96 2015 = 100 | 100.6 2015 = 100 | 172.2 2015 = 100 | 5 |
| 2010s | 151.36 2015 = 100 | 66.2 2015 = 100 | 231.1 2015 = 100 | 10 |
| 2020s | 101.22 2015 = 100 | 71.1 2015 = 100 | 125 2015 = 100 | 5 |
Countries ranked near Nigeria
More private sector data for Nigeria
- Merchandise trade 33.3% (2025)
- Food imports 11.0% (2024)
- Manufactures imports 46.0% (2024)
- Merchandise imports 41.45 billion current US$ (2025)
- Food exports 6.0% (2024)
- Manufactures exports 3.5% (2024)
- Merchandise exports 55.47 billion current US$ (2025)
- Merchandise exports (current US$), per capita 233.52 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1907 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4.03 % change on previous year (2025)
Frequently asked questions
- What is export value index in Nigeria?
- Export value index in Nigeria was 106.4 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest export value index recorded in Nigeria?
- The highest recorded value was 231.1 2015 = 100 in 2011.
- What is the lowest export value index recorded in Nigeria?
- The lowest recorded value was 66.2 2015 = 100 in 2016.
- How does Nigeria rank for export value index?
- Nigeria ranks 167th out of 204 countries with data for 2024.
- Is export value index rising or falling in Nigeria?
- Over the last ten years it is down 48.2%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from UN Conference on Trade and Development (UNCTAD), published as part of Export value index (2015 = 100). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's export value indexes are reported for most economies.