Fuel exports (% of merchandise exports) — all countries

Fuel exports (% of merchandise exports) — Nigeria

Fuel exports (% of merchandise exports) in Nigeria in 2024 — 88.62%. Ranked 4 in the world out of 127. Since 1962, the indicator has risen by 78.32 pp.

2024 88.62% −2.99 pp vs 2023
World rank 4of 127
Period maximum 99.66%2001
Period minimum 10.3%1962

Trend over time

1962–2024 · % of merchandise exports

Fuel exports (% of merchandise exports) — Nigeria, 1962–2024025507510019621969197619831990199720042011201820241962: 10.3%1963: 10.99%1964: 13.41%1965: 25.88%1966: 33.42%1967: 30.84%1968: 18.14%1969: 42.57%1970: 58.15%1971: 74.47%1972: 83%1973: 83.81%1974: 93.03%1975: 93.3%1976: 94.31%1977: 93.06%1978: 90.27%1979: 95.1%1981: 97.06%1983: 94.41%1984: 95.15%1985: 96.72%1986: 93.11%1987: 95.37%1996: 95.53%1997: 96.22%1998: 96.98%1999: 98.94%2000: 99.64%2001: 99.66%2002: 94.04%2003: 97.9%2006: 98.24%2007: 93.67%2008: 91.74%2009: 90.36%2010: 87.13%2011: 89.13%2012: 84.04%2013: 87.62%2014: 90.85%2015: 87.87%2016: 96.48%2017: 96.03%2018: 94.11%2019: 87.04%2020: 88.7%2021: 89.15%2022: 90.73%2023: 91.61%2024: 88.62%
Change over the period: +78.32 pp Annual average: 1.26 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Nigeria

Nigeria 88.62%
World 10.69%
Fuel exports (% of merchandise exports) — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2024 88.62 −2.99 pp
2023 91.61 +0.88 pp
2022 90.73 +1.58 pp
2021 89.15 +0.45 pp
2020 88.7 +1.66 pp
2019 87.04 −7.07 pp
2018 94.11 −1.92 pp
2017 96.03 −0.45 pp
2016 96.48 +8.6 pp
2015 87.87 −2.98 pp
2014 90.85 +3.23 pp
2013 87.62 +3.58 pp
2012 84.04 −5.09 pp
2011 89.13 +1.99 pp
2010 87.13 −3.23 pp
2009 90.36 −1.38 pp
2008 91.74 −1.92 pp
2007 93.67 −4.57 pp
2006 98.24
2003 97.9 +3.86 pp
2002 94.04 −5.62 pp
2001 99.66 +0.02 pp
2000 99.64 +0.69 pp
1999 98.94 +1.96 pp
1998 96.98 +0.76 pp
1997 96.22 +0.69 pp
1996 95.53
1987 95.37 +2.26 pp
1986 93.11 −3.6 pp
1985 96.72 +1.56 pp
1984 95.15 +0.74 pp
1983 94.41
1981 97.06
1979 95.1 +4.83 pp
1978 90.27 −2.79 pp
1977 93.06 −1.25 pp
1976 94.31 +1.01 pp
1975 93.3 +0.28 pp
1974 93.03 +9.21 pp
1973 83.81 +0.82 pp
1972 83 +8.52 pp
1971 74.47 +16.32 pp
1970 58.15 +15.58 pp
1969 42.57 +24.43 pp
1968 18.14 −12.71 pp
1967 30.84 −2.57 pp
1966 33.42 +7.54 pp
1965 25.88 +12.47 pp
1964 13.41 +2.42 pp
1963 10.99 +0.69 pp
1962 10.3

Western Africa, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The share of fuel — oil, gas, coal and the products of their refining — in a country's merchandise exports. This is the most direct measure of commodity dependence: for a dozen states the share exceeds ninety percent, meaning that all other exports together take up less than a tenth. A high value speaks not of wealth but of fragility: the revenue of such a country moves with the price of a single commodity, over which it has no influence.

Important: The share is of merchandise exports, not of all exports: services do not enter the denominator. The aggregate for country groups is weighted by merchandise exports — the denominator of the indicator itself.

Source: UNCTADstat (UNCTAD), license CC BY 3.0 IGO.