Primary commodities exports in Nigeria
Nigeria: Primary commodities exports was 26.73 billion current US$ in 2003. ◆ Volatile
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$, in 1968.
Nigeria ranks 4th of 44 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 377.78 million current US$ | 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
- 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 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.
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CSV · JSON — 39 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total Primary Commodities exports in current US dollars. Values are in fob basis.