Export product concentration index in Nigeria
Nigeria: Export product concentration index was 0.8151 in 2011. ▼ Falling
Export product concentration index in Nigeria, 1995–2011
Source: UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/).
Analysis
In 2011, export product concentration index in Nigeria stood at 0.8151.
The figure is up 7.1% on the previous year and down 8.3% over ten years.
Over the whole period, export product concentration index in Nigeria peaked at 0.9607 in 2004 and was at its lowest, 0.7613, in 2010.
That places Nigeria 5th out of 53 countries with data for 2011, putting it in the top 10%.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8793 | 0.85 | 0.9072 | 5 |
| 2000s | 0.8786 | 0.8256 | 0.9607 | 10 |
| 2010s | 0.7882 | 0.7613 | 0.8151 | 2 |
Countries ranked near Nigeria
More trade data for Nigeria
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 128.67 million FAO, current US$ (2010)
- Lead time to export, median case 3 days (2018)
- Food imports excluding fish 5.14 billion FAO, current US$ (2010)
- Total agricultural imports 5.64 billion FAO, current US$ (2010)
- Cereal imports 1.88 billion FAO, current US$ (2010)
- Cereal imports quantity 5.87 million FAO, tonnes (2010)
- Total agricultural exports 1.16 billion FAO, current US$ (2010)
- Cereal exports 100,000 FAO, current US$ (2010)
- Cereal exports quantity 259 FAO, tonnes (2010)
Frequently asked questions
- What is export product concentration index in Nigeria?
- Export product concentration index in Nigeria was 0.8151 in 2011, according to UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/).
- What is the highest export product concentration index recorded in Nigeria?
- The highest recorded value was 0.9607 in 2004.
- What is the lowest export product concentration index recorded in Nigeria?
- The lowest recorded value was 0.7613 in 2010.
- How does Nigeria rank for export product concentration index?
- Nigeria ranks 5th out of 53 countries with data for 2011.
- Is export product concentration index rising or falling in Nigeria?
- Over the last ten years it is down 8.3%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/), published as part of Export product concentration index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator reflects the Herfindahl-Hirschmann index measure of the degree of export concentration within a country. The sectoral Hirschmann index is defined as the square root of the sum of the squared shares of exports of each industry in total exports for the region under study. Takes a value between 0 and 1, with 1 indicating that only a single product is exported. Higher values indicate that exports are concentrated in fewer sectors. On the contrary, values closer to 0 reflect a more equal distribution of market shares among exporters. Note that this type of concentration indicator tends to be quite vulnerable to cyclical fluctuations in relative-prices, in a way that commodity price rises make commodity exporters look more concentrated.