Fuel imports (% of merchandise imports) — all countries

Fuel imports (% of merchandise imports) — Nigeria

Fuel imports (% of merchandise imports) in Nigeria in 2024 — 37.96%. Ranked 3 in the world out of 131. Since 1962, the indicator has risen by 30.94 pp.

2024 37.96% +4.54 pp vs 2023
World rank 3of 131
Period maximum 39.56%2022
Period minimum 0.43%1987

Trend over time

1962–2024 · % of merchandise imports

Fuel imports (% of merchandise imports) — Nigeria, 1962–202401020304019621969197619831990199720042011201820241962: 7.02%1963: 7.57%1964: 7.61%1965: 6.31%1966: 1.49%1967: 3.93%1968: 7.53%1969: 6.28%1970: 3.17%1971: 0.83%1972: 0.99%1973: 1.11%1974: 3.19%1975: 2.69%1976: 3.41%1977: 1.81%1978: 1.93%1979: 2.29%1981: 1.2%1983: 0.81%1984: 1.16%1985: 0.87%1986: 0.54%1987: 0.43%1996: 1.33%1997: 0.89%1998: 2.17%1999: 1.79%2000: 1.73%2001: 2.14%2002: 1.31%2003: 16%2006: 2.87%2007: 1.78%2008: 1.59%2009: 0.99%2010: 1.31%2011: 9.89%2012: 2.37%2013: 20.16%2014: 16.3%2015: 18.5%2016: 28.58%2017: 27.92%2018: 29.65%2019: 15.52%2020: 15.26%2021: 30.99%2022: 39.56%2023: 33.42%2024: 37.96%
Change over the period: +30.94 pp Annual average: 0.5 pp

Comparison, 2024

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

Nigeria 37.96%
World 13.08%
Fuel imports (% of merchandise imports) — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2024 37.96 +4.54 pp
2023 33.42 −6.14 pp
2022 39.56 +8.57 pp
2021 30.99 +15.73 pp
2020 15.26 −0.26 pp
2019 15.52 −14.13 pp
2018 29.65 +1.73 pp
2017 27.92 −0.66 pp
2016 28.58 +10.08 pp
2015 18.5 +2.2 pp
2014 16.3 −3.86 pp
2013 20.16 +17.79 pp
2012 2.37 −7.52 pp
2011 9.89 +8.58 pp
2010 1.31 +0.32 pp
2009 0.99 −0.6 pp
2008 1.59 −0.19 pp
2007 1.78 −1.09 pp
2006 2.87
2003 16 +14.7 pp
2002 1.31 −0.84 pp
2001 2.14 +0.41 pp
2000 1.73 −0.06 pp
1999 1.79 −0.37 pp
1998 2.17 +1.28 pp
1997 0.89 −0.44 pp
1996 1.33
1987 0.43 −0.11 pp
1986 0.54 −0.33 pp
1985 0.87 −0.29 pp
1984 1.16 +0.35 pp
1983 0.81
1981 1.2
1979 2.29 +0.36 pp
1978 1.93 +0.12 pp
1977 1.81 −1.6 pp
1976 3.41 +0.71 pp
1975 2.69 −0.5 pp
1974 3.19 +2.08 pp
1973 1.11 +0.12 pp
1972 0.99 +0.16 pp
1971 0.83 −2.34 pp
1970 3.17 −3.11 pp
1969 6.28 −1.25 pp
1968 7.53 +3.6 pp
1967 3.93 +2.44 pp
1966 1.49 −4.82 pp
1965 6.31 −1.31 pp
1964 7.61 +0.05 pp
1963 7.57 +0.55 pp
1962 7.02

About the indicator

The share of fuel in merchandise imports — the reverse side of fuel dependence. The indicator measures vulnerability to rising energy prices: a country spending a quarter of its imports on fuel loses as much when prices double as an exporter does when they fall. The series reacts visibly to oil shocks, and it shows that in the 1970s the share of fuel in the imports of developed countries rose several times over.

Important: The share is of value, not of volume, so it rises when fuel becomes more expensive even with no change in physical deliveries. The aggregate is weighted by merchandise imports — the denominator of the indicator.

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