Primary commodities exports in Nigeria
Nigeria: Primary commodities exports was 26.73 billion current US$ in 2003. ◆ Volatile
Latest (2003)
26.73 billion current US$
Change on year
up 55.6%
World rank
4th
of 44 countries
All-time high
26.73 billion current US$
in 2003
All-time low
265.44 million current US$
in 1968
Years of data
39
1965–2003
Primary commodities exports in Nigeria, 1965–2003
Source: World Bank country economists. Measured in current US$.
Analysis
In 2003, primary commodities exports in Nigeria stood at 26.73 billion current US$. That is the highest value across all 39 years on record.
The figure is up 55.6% on the previous year and up 172.4% over ten years.
Over the whole period, primary commodities exports in Nigeria peaked at 26.73 billion current US$ in 2003 and was at its lowest, 265.44 million current US$, in 1968.
Nigeria ranks 4th of 44 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Primary commodities exports in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 341.04 million current US$ | — |
| 1966 | 369.04 million current US$ | +8.2% |
| 1967 | 372.68 million current US$ | +1.0% |
| 1968 | 265.44 million current US$ | -28.8% |
| 1969 | 540.68 million current US$ | +103.7% |
| 1970 | 934.36 million current US$ | +72.8% |
| 1971 | 1.59 billion current US$ | +70.5% |
| 1972 | 1.97 billion current US$ | +23.5% |
| 1973 | 3.26 billion current US$ | +65.4% |
| 1974 | 9.31 billion current US$ | +186.0% |
| 1975 | 8.06 billion current US$ | -13.4% |
| 1976 | 9.87 billion current US$ | +22.4% |
| 1977 | 12.06 billion current US$ | +22.2% |
| 1978 | 10.07 billion current US$ | -16.5% |
| 1979 | 16.39 billion current US$ | +62.8% |
| 1980 | 25.54 billion current US$ | +55.8% |
| 1981 | 17.42 billion current US$ | -31.8% |
| 1982 | 12.08 billion current US$ | -30.7% |
| 1983 | 10.29 billion current US$ | -14.8% |
| 1984 | 11.83 billion current US$ | +15.0% |
| 1985 | 12.48 billion current US$ | +5.5% |
| 1986 | 6.67 billion current US$ | -46.5% |
| 1987 | 7.38 billion current US$ | +10.7% |
| 1988 | 6.83 billion current US$ | -7.6% |
| 1989 | 9.62 billion current US$ | +41.0% |
| 1990 | 13.70 billion current US$ | +42.4% |
| 1991 | 11.92 billion current US$ | -13.0% |
| 1992 | 11.78 billion current US$ | -1.2% |
| 1993 | 9.81 billion current US$ | -16.7% |
| 1994 | 9.29 billion current US$ | -5.4% |
| 1995 | 11.58 billion current US$ | +24.7% |
| 1996 | 16.02 billion current US$ | +38.3% |
| 1997 | 15.00 billion current US$ | -6.4% |
| 1998 | 9.43 billion current US$ | -37.1% |
| 1999 | 11.79 billion current US$ | +25.1% |
| 2000 | 21.14 billion current US$ | +79.3% |
| 2001 | 19.12 billion current US$ | -9.6% |
| 2002 | 17.18 billion current US$ | -10.2% |
| 2003 | 26.73 billion current US$ | +55.6% |
Nigeria compared with similar countries
- Nigeria's 26.73 billion current US$ is above the median for Sub-Saharan Africa, which is 744.77 million current US$, 35.9× the median. (41 countries reporting)
- Nigeria's 26.73 billion current US$ is above the median for lower middle income countries, which is 2.44 billion current US$, 11.0× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 377.78 million current US$ | 265.44 million current US$ | 540.68 million current US$ | 5 |
| 1970s | 7.35 billion current US$ | 934.36 million current US$ | 16.39 billion current US$ | 10 |
| 1980s | 12.01 billion current US$ | 6.67 billion current US$ | 25.54 billion current US$ | 10 |
| 1990s | 12.03 billion current US$ | 9.29 billion current US$ | 16.02 billion current US$ | 10 |
| 2000s | 21.04 billion current US$ | 17.18 billion current US$ | 26.73 billion current US$ | 4 |
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 primary commodities exports in Nigeria?
- Primary commodities exports in Nigeria was 26.73 billion current US$ in 2003, according to World Bank country economists.
- What is the highest primary commodities exports recorded in Nigeria?
- The highest recorded value was 26.73 billion current US$ in 2003.
- What is the lowest primary commodities exports recorded in Nigeria?
- The lowest recorded value was 265.44 million current US$ in 1968.
- How does Nigeria rank for primary commodities exports?
- Nigeria ranks 4th out of 44 countries with data for 2003.
- Is primary commodities exports rising or falling in Nigeria?
- Over the last ten years it is up 172.4%. 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 Primary commodities exports (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total Primary Commodities exports in current US dollars. Values are in fob basis.