Commodity Export Price Index, Individual Commodites Weighted by Ratio in Nigeria
Nigeria: Commodity Export Price Index, Individual Commodites Weighted by Ratio was 63.43 in 2025. ◆ Volatile
Commodity Export Price Index, Individual Commodites Weighted by Ratio in Nigeria, 1962–2025
Source: International Monetary Fund.
Analysis
In 2025, commodity export price index, individual commodites weighted by ratio in Nigeria stood at 63.43.
Compared with earlier readings it is down 14.6% on the previous year and up 19.9% over ten years.
Over the whole period, commodity export price index, individual commodites weighted by ratio in Nigeria peaked at 102.08 in 2013 and was at its lowest, 13.09, in 1970.
Nigeria ranks 172nd of 180 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Commodity Export Price Index, Individual Commodites Weighted by Ratio in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1962 | 14.91 | — |
| 1963 | 14.75 | -1.1% |
| 1964 | 14.37 | -2.6% |
| 1965 | 13.93 | -3.0% |
| 1966 | 13.63 | -2.1% |
| 1967 | 13.67 | +0.3% |
| 1968 | 13.81 | +1.0% |
| 1969 | 13.71 | -0.7% |
| 1970 | 13.09 | -4.6% |
| 1971 | 13.73 | +5.0% |
| 1972 | 13.82 | +0.6% |
| 1973 | 13.99 | +1.2% |
| 1974 | 34.42 | +146.0% |
| 1975 | 30.57 | -11.2% |
| 1976 | 33.63 | +10.0% |
| 1977 | 35.86 | +6.6% |
| 1978 | 32.72 | -8.8% |
| 1979 | 57.51 | +75.7% |
| 1980 | 63.7 | +10.8% |
| 1981 | 58.43 | -8.3% |
| 1982 | 55.09 | -5.7% |
| 1983 | 50.85 | -7.7% |
| 1984 | 48.87 | -3.9% |
| 1985 | 47.55 | -2.7% |
| 1986 | 23.93 | -49.7% |
| 1987 | 27.22 | +13.7% |
| 1988 | 20.07 | -26.3% |
| 1989 | 23.45 | +16.8% |
| 1990 | 29.24 | +24.7% |
| 1991 | 23.94 | -18.1% |
| 1992 | 23.61 | -1.4% |
| 1993 | 21.1 | -10.6% |
| 1994 | 19.85 | -6.0% |
| 1995 | 20.61 | +3.8% |
| 1996 | 24.03 | +16.6% |
| 1997 | 23.61 | -1.7% |
| 1998 | 17.07 | -27.7% |
| 1999 | 23.23 | +36.1% |
| 2000 | 35.87 | +54.4% |
| 2001 | 32.14 | -10.4% |
| 2002 | 33.59 | +4.5% |
| 2003 | 37.87 | +12.8% |
| 2004 | 46 | +21.5% |
| 2005 | 62.04 | +34.9% |
| 2006 | 72.64 | +17.1% |
| 2007 | 77.73 | +7.0% |
| 2008 | 99.28 | +27.7% |
| 2009 | 64.86 | -34.7% |
| 2010 | 81.58 | +25.8% |
| 2011 | 102.05 | +25.1% |
| 2012 | 100 | -2.0% |
| 2013 | 102.08 | +2.1% |
| 2014 | 95.31 | -6.6% |
| 2015 | 52.92 | -44.5% |
| 2016 | 47.39 | -10.4% |
| 2017 | 57.41 | +21.1% |
| 2018 | 72.17 | +25.7% |
| 2019 | 64.22 | -11.0% |
| 2020 | 45.63 | -28.9% |
| 2021 | 71.06 | +55.7% |
| 2022 | 89.47 | +25.9% |
| 2023 | 75.63 | -15.5% |
| 2024 | 74.26 | -1.8% |
| 2025 | 63.43 | -14.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.1 | 13.63 | 14.91 | 8 |
| 1970s | 27.94 | 13.09 | 57.51 | 10 |
| 1980s | 41.91 | 20.07 | 63.7 | 10 |
| 1990s | 22.63 | 17.07 | 29.24 | 10 |
| 2000s | 56.2 | 32.14 | 99.28 | 10 |
| 2010s | 77.51 | 47.39 | 102.08 | 10 |
| 2020s | 69.92 | 45.63 | 89.47 | 6 |
Countries ranked near Nigeria
- 169 Belarus 65.26 compare
- 170 Kuwait 64.93 compare
- 171 Venezuela, Bolivarian Republic of 63.86 compare
- 173 Libya 63.22 compare
- 174 Azerbaijan 63.13 compare
- 175 Iran, Islamic Republic of 62.61 compare
More trade data for Nigeria
- Commodity Net Export Price Index, Individual Commodities Weighted by 66.76 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 93.8 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 93.58 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 99.77 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 85.81 (2025)
- Imports of low carbon technology products, Percent of GDP 0.5627 (2024)
- Imports of low carbon technology products, US dollar (World), per 6.1 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0056 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 42.54 million (2024)
- Exports of low carbon technology products, US dollar (World), per 0.1828 units per person (2024)
Frequently asked questions
- What is commodity export price index, individual commodites weighted by ratio in Nigeria?
- Commodity export price index, individual commodites weighted by ratio in Nigeria was 63.43 in 2025, according to International Monetary Fund.
- What is the highest commodity export price index, individual commodites weighted by ratio recorded in Nigeria?
- The highest recorded value was 102.08 in 2013.
- What is the lowest commodity export price index, individual commodites weighted by ratio recorded in Nigeria?
- The lowest recorded value was 13.09 in 1970.
- How does Nigeria rank for commodity export price index, individual commodites weighted by ratio?
- Nigeria ranks 172nd out of 180 countries with data for 2025.
- Is commodity export price index, individual commodites weighted by ratio rising or falling in Nigeria?
- Over the last ten years it is up 19.9%. 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 Commodity Export Price Index, Individual Commodites Weighted by Ratio of Exports to Total Commodity Exports (Historical, Fixed Weights, Index). Statizoid updates them automatically from the source API.
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About this data
CTOT is a comprehensive database of country-specific commodity price indices for 182 economies covering the period from 1962 onwards. For each country, the change in the international price of up to 45 individual commodities is weighted using commodity-level trade data. The database includes a commodity terms-of-trade index—which proxies the windfall gains and losses of income associated with changes in world prices—as well as additional country-specific series, including commodity export and import price indices. It includes indices that are constructed using, alternatively, fixed weights (based on average trade flows over several decades) and time-varying weights (which can account for time variation in the mix of commodities traded and the overall importance of commodities in economic activity)