Exports of commodity 1 (current US$) in Nigeria
Nigeria: Exports of commodity 1 (current US$) was 74.30 billion current US$ in 2008. ◆ Volatile
Latest (2008)
74.30 billion current US$
Change on year
up 27.7%
World rank
1st
of 50 countries
All-time high
74.30 billion current US$
in 2008
All-time low
103.60 million current US$
in 1968
Years of data
44
1965–2008
Exports of commodity 1 in Nigeria, 1965–2008
Source: World Bank country economists. Measured in current US$.
Analysis
In 2008, exports of commodity 1 in Nigeria stood at 74.30 billion current US$. That is the highest value across all 44 years on record.
That represents a change of up 27.7% on the previous year and up 706.1% over ten years.
Over the whole period, exports of commodity 1 in Nigeria peaked at 74.30 billion current US$ in 2008 and was at its lowest, 103.60 million current US$, in 1968.
That places Nigeria 1st out of 50 countries with data for 2008, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of commodity 1 (current US$) in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 190.68 million current US$ | — |
| 1966 | 257.60 million current US$ | +35.1% |
| 1967 | 201.88 million current US$ | -21.6% |
| 1968 | 103.60 million current US$ | -48.7% |
| 1969 | 366.52 million current US$ | +253.8% |
| 1970 | 723.80 million current US$ | +97.5% |
| 1971 | 1.37 billion current US$ | +89.9% |
| 1972 | 1.80 billion current US$ | +31.2% |
| 1973 | 3.06 billion current US$ | +69.4% |
| 1974 | 9.01 billion current US$ | +194.8% |
| 1975 | 7.74 billion current US$ | -14.0% |
| 1976 | 9.50 billion current US$ | +22.7% |
| 1977 | 11.56 billion current US$ | +21.8% |
| 1978 | 9.46 billion current US$ | -18.2% |
| 1979 | 15.65 billion current US$ | +65.6% |
| 1980 | 24.94 billion current US$ | +59.3% |
| 1981 | 17.16 billion current US$ | -31.2% |
| 1982 | 11.89 billion current US$ | -30.7% |
| 1983 | 9.95 billion current US$ | -16.3% |
| 1984 | 11.57 billion current US$ | +16.2% |
| 1985 | 12.20 billion current US$ | +5.5% |
| 1986 | 6.38 billion current US$ | -47.7% |
| 1987 | 6.99 billion current US$ | +9.5% |
| 1988 | 6.46 billion current US$ | -7.7% |
| 1989 | 9.41 billion current US$ | +45.8% |
| 1990 | 13.51 billion current US$ | +43.5% |
| 1991 | 11.66 billion current US$ | -13.6% |
| 1992 | 11.64 billion current US$ | -0.2% |
| 1993 | 9.70 billion current US$ | -16.7% |
| 1994 | 9.17 billion current US$ | -5.4% |
| 1995 | 11.45 billion current US$ | +24.8% |
| 1996 | 15.83 billion current US$ | +38.3% |
| 1997 | 14.85 billion current US$ | -6.2% |
| 1998 | 9.22 billion current US$ | -37.9% |
| 1999 | 11.39 billion current US$ | +23.6% |
| 2000 | 19.55 billion current US$ | +71.6% |
| 2001 | 18.03 billion current US$ | -7.8% |
| 2002 | 15.88 billion current US$ | -11.9% |
| 2003 | 24.60 billion current US$ | +54.9% |
| 2004 | 33.39 billion current US$ | +35.7% |
| 2005 | 46.53 billion current US$ | +39.4% |
| 2006 | 53.46 billion current US$ | +14.9% |
| 2007 | 58.16 billion current US$ | +8.8% |
| 2008 | 74.30 billion current US$ | +27.7% |
Nigeria compared with similar countries
- Nigeria's 74.30 billion current US$ is above the median for Sub-Saharan Africa, which is 196.16 million current US$, 378.8× the median. (46 countries reporting)
- Nigeria's 74.30 billion current US$ is above the median for lower middle income countries, which is 575.53 million current US$, 129.1× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 224.06 million current US$ | 103.60 million current US$ | 366.52 million current US$ | 5 |
| 1970s | 6.99 billion current US$ | 723.80 million current US$ | 15.65 billion current US$ | 10 |
| 1980s | 11.70 billion current US$ | 6.38 billion current US$ | 24.94 billion current US$ | 10 |
| 1990s | 11.84 billion current US$ | 9.17 billion current US$ | 15.83 billion current US$ | 10 |
| 2000s | 38.21 billion current US$ | 15.88 billion current US$ | 74.30 billion current US$ | 9 |
Countries ranked near Nigeria
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 Export Price Index, Individual Commodites Weighted by Ratio 63.43 (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)
Frequently asked questions
- What is exports of commodity 1 in Nigeria?
- Exports of commodity 1 in Nigeria was 74.30 billion current US$ in 2008, according to World Bank country economists.
- What is the highest exports of commodity 1 recorded in Nigeria?
- The highest recorded value was 74.30 billion current US$ in 2008.
- What is the lowest exports of commodity 1 recorded in Nigeria?
- The lowest recorded value was 103.60 million current US$ in 1968.
- How does Nigeria rank for exports of commodity 1?
- Nigeria ranks 1st out of 50 countries with data for 2008.
- Is exports of commodity 1 rising or falling in Nigeria?
- Over the last ten years it is up 706.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Exports of commodity 1 (current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of commodity 1 in current US dollars and fob basis.