Export volume index in Nigeria
Nigeria: Export volume index was 66.2 2015 = 100 in 2024. ▼ Falling
Export volume index in Nigeria, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
The most recent figure for export volume index in Nigeria is 66.2 2015 = 100, measured in 2024.
That represents a change of up 0.9% on the previous year and down 46.5% over ten years.
Over the whole period, export volume index in Nigeria peaked at 129.4 2015 = 100 in 2011 and was at its lowest, 59.6 2015 = 100, in 2022.
Nigeria ranks 183rd 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 volume index in Nigeria, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 97.3 2015 = 100 | — |
| 2006 | 97.7 2015 = 100 | +0.4% |
| 2007 | 99.5 2015 = 100 | +1.8% |
| 2008 | 101.2 2015 = 100 | +1.7% |
| 2009 | 101.4 2015 = 100 | +0.2% |
| 2010 | 120.4 2015 = 100 | +18.7% |
| 2011 | 129.4 2015 = 100 | +7.5% |
| 2012 | 128.7 2015 = 100 | -0.5% |
| 2013 | 102.1 2015 = 100 | -20.7% |
| 2014 | 123.7 2015 = 100 | +21.2% |
| 2015 | 100 2015 = 100 | -19.2% |
| 2016 | 77.1 2015 = 100 | -22.9% |
| 2017 | 86.5 2015 = 100 | +12.2% |
| 2018 | 97.1 2015 = 100 | +12.3% |
| 2019 | 112.7 2015 = 100 | +16.1% |
| 2020 | 89.9 2015 = 100 | -20.2% |
| 2021 | 65.9 2015 = 100 | -26.7% |
| 2022 | 59.6 2015 = 100 | -9.6% |
| 2023 | 65.6 2015 = 100 | +10.1% |
| 2024 | 66.2 2015 = 100 | +0.9% |
Nigeria compared with similar countries
- Nigeria's 66.2 2015 = 100 is below the median for lower middle income countries, which is 121.5 2015 = 100, 54% of the median. (47 countries reporting)
- Nigeria's 66.2 2015 = 100 is below the median for Sub-Saharan Africa, which is 108.4 2015 = 100, 61% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 99.42 2015 = 100 | 97.3 2015 = 100 | 101.4 2015 = 100 | 5 |
| 2010s | 107.77 2015 = 100 | 77.1 2015 = 100 | 129.4 2015 = 100 | 10 |
| 2020s | 69.44 2015 = 100 | 59.6 2015 = 100 | 89.9 2015 = 100 | 5 |
Countries ranked near Nigeria
- 180 Luxembourg 70.3 2015 = 100 compare
- 181 Turks and Caicos Islands 68.4 2015 = 100 compare
- 182 British Virgin Islands 66.5 2015 = 100 compare
- 184 Congo 65.9 2015 = 100 compare
- 185 Afghanistan 64.3 2015 = 100 compare
- 186 American Samoa 62 2015 = 100 compare
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 volume index in Nigeria?
- Export volume index in Nigeria was 66.2 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest export volume index recorded in Nigeria?
- The highest recorded value was 129.4 2015 = 100 in 2011.
- What is the lowest export volume index recorded in Nigeria?
- The lowest recorded value was 59.6 2015 = 100 in 2022.
- How does Nigeria rank for export volume index?
- Nigeria ranks 183rd out of 204 countries with data for 2024.
- Is export volume index rising or falling in Nigeria?
- Over the last ten years it is down 46.5%. 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 volume index (2015 = 100). Statizoid updates them automatically from the source API.
Download this data
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About this data
Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.