Exports of goods and services, Volume, Free on board (FOB), Percent in Nigeria
Nigeria: Exports of goods and services, Volume, Free on board (FOB), Percent was 4.13 in 2031. ◆ Volatile
Exports of goods and services, Volume, Free on board (FOB), Percent in Nigeria, 1991–2031
Source: International Monetary Fund.
Analysis
In 2031, exports of goods and services, volume, free on board (fob), percent in Nigeria stood at 4.13.
Compared with earlier readings it is down 29.9% on the previous year and up 119.3% over ten years.
Over the whole period, exports of goods and services, volume, free on board (fob), percent in Nigeria peaked at 35.24 in 2025 and was at its lowest, -21.37, in 2021.
Nigeria ranks 5th of 26 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services, Volume, Free on board (FOB), Percent in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 3.64 | — |
| 1992 | 3.69 | +1.3% |
| 1993 | -3.23 | -187.7% |
| 1994 | -2.92 | -9.7% |
| 1995 | 9.27 | -417.6% |
| 1996 | 11.36 | +22.5% |
| 1997 | 4.83 | -57.5% |
| 1998 | 1.5 | -68.9% |
| 1999 | -6.38 | -525.1% |
| 2000 | 19.01 | -397.8% |
| 2001 | -3.92 | -120.6% |
| 2002 | -6.74 | +72.2% |
| 2003 | 31.72 | -570.2% |
| 2004 | -0.0034 | -100.0% |
| 2005 | -9.18 | +270069.8% |
| 2006 | -3.75 | -59.1% |
| 2007 | 2.91 | -177.5% |
| 2008 | -3.85 | -232.5% |
| 2009 | 4.15 | -207.7% |
| 2010 | 7.54 | +81.7% |
| 2011 | -10.28 | -236.4% |
| 2012 | -4.59 | -55.4% |
| 2013 | 1.84 | -140.1% |
| 2014 | -5.97 | -424.6% |
| 2015 | 8.65 | -244.8% |
| 2016 | -7.18 | -182.9% |
| 2017 | 8.19 | -214.2% |
| 2018 | 0.0519 | -99.4% |
| 2019 | 17.77 | +34150.1% |
| 2020 | -16.66 | -193.7% |
| 2021 | -21.37 | +28.3% |
| 2022 | -2.08 | -90.3% |
| 2023 | 4.54 | -318.3% |
| 2024 | -1.83 | -140.4% |
| 2025 | 35.24 | -2023.0% |
| 2026 | 2.98 | -91.5% |
| 2027 | 4.54 | +52.2% |
| 2028 | -2 | -144.1% |
| 2029 | 10.19 | -609.2% |
| 2030 | 5.89 | -42.2% |
| 2031 | 4.13 | -29.9% |
Nigeria compared with similar countries
- Nigeria's 4.13 is above the median for lower middle income countries, which is 3.85, 1.1× the median. (5 countries reporting)
Biggest year-on-year movements
Years where Exports of goods and services, Volume, Free on board (FOB), Percent in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | -270069.8% | -0.0034 | -9.18 |
| 2019 | +34150.1% | 0.0519 | 17.77 |
| 2025 | +2023.0% | -1.83 | 35.24 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.42 | -6.38 | 11.36 | 9 |
| 2000s | 3.03 | -9.18 | 31.72 | 10 |
| 2010s | 1.6 | -10.28 | 17.77 | 10 |
| 2020s | 1.35 | -21.37 | 35.24 | 10 |
| 2030s | 5.01 | 4.13 | 5.89 | 2 |
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 goods and services, volume, free on board (fob), percent in Nigeria?
- Exports of goods and services, volume, free on board (fob), percent in Nigeria was 4.13 in 2031, according to International Monetary Fund.
- What is the highest exports of goods and services, volume, free on board (fob), percent recorded in Nigeria?
- The highest recorded value was 35.24 in 2025.
- What is the lowest exports of goods and services, volume, free on board (fob), percent recorded in Nigeria?
- The lowest recorded value was -21.37 in 2021.
- How does Nigeria rank for exports of goods and services, volume, free on board (fob), percent?
- Nigeria ranks 5th out of 26 countries with data for 2031.
- Is exports of goods and services, volume, free on board (fob), percent rising or falling in Nigeria?
- Over the last ten years it is up 119.3%. 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 Exports of goods and services, Volume, Free on board (FOB), Percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.