Fuel exports in Nigeria
Nigeria: Fuel exports was 88.6% in 2024. ▲ Rising
Fuel exports in Nigeria, 1962–2024
Source: Staff estimates, World Bank (WB). Measured in % of merchandise exports.
Analysis
In 2024, fuel exports in Nigeria stood at 88.6%.
Compared with earlier readings it is down 3.3% on the previous year and down 2.5% over ten years.
Over the whole period, fuel exports in Nigeria peaked at 99.7% in 2001 and was at its lowest, 10.3%, in 1962.
That places Nigeria 8th out of 192 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 51 years of available data.
Fuel exports in Nigeria, year by year
| Year | % of merchandise exports | Change |
|---|---|---|
| 1962 | 10.3% | — |
| 1963 | 11.0% | +6.7% |
| 1964 | 13.4% | +22.0% |
| 1965 | 25.9% | +92.9% |
| 1966 | 33.4% | +29.1% |
| 1967 | 30.8% | -7.7% |
| 1968 | 18.1% | -41.2% |
| 1969 | 42.6% | +134.7% |
| 1970 | 58.1% | +36.6% |
| 1971 | 74.5% | +28.1% |
| 1972 | 83.0% | +11.4% |
| 1973 | 83.8% | +1.0% |
| 1974 | 93.0% | +11.0% |
| 1975 | 93.3% | +0.3% |
| 1976 | 94.3% | +1.1% |
| 1977 | 93.1% | -1.3% |
| 1978 | 90.3% | -3.0% |
| 1979 | 95.1% | +5.3% |
| 1981 | 97.1% | +2.1% |
| 1983 | 94.4% | -2.7% |
| 1984 | 95.2% | +0.8% |
| 1985 | 96.7% | +1.6% |
| 1986 | 93.1% | -3.7% |
| 1987 | 95.4% | +2.4% |
| 1996 | 95.5% | +0.2% |
| 1997 | 96.2% | +0.7% |
| 1998 | 97.0% | +0.8% |
| 1999 | 98.9% | +2.0% |
| 2000 | 99.6% | +0.7% |
| 2001 | 99.7% | +0.0% |
| 2002 | 94.0% | -5.6% |
| 2003 | 97.9% | +4.1% |
| 2006 | 98.2% | +0.3% |
| 2007 | 93.7% | -4.7% |
| 2008 | 91.7% | -2.1% |
| 2009 | 90.4% | -1.5% |
| 2010 | 87.1% | -3.6% |
| 2011 | 89.1% | +2.3% |
| 2012 | 84.0% | -5.7% |
| 2013 | 87.6% | +4.3% |
| 2014 | 90.9% | +3.7% |
| 2015 | 87.9% | -3.3% |
| 2016 | 96.5% | +9.8% |
| 2017 | 96.0% | -0.5% |
| 2018 | 94.1% | -2.0% |
| 2019 | 87.0% | -7.5% |
| 2020 | 88.7% | +1.9% |
| 2021 | 89.1% | +0.5% |
| 2022 | 90.7% | +1.8% |
| 2023 | 91.6% | +1.0% |
| 2024 | 88.6% | -3.3% |
Nigeria compared with similar countries
- Nigeria's 88.6% is above the median for lower middle income countries, which is 1.8%, 48.5× the median. (47 countries reporting)
- Nigeria's 88.6% is above the median for Sub-Saharan Africa, which is 1.7%, 51.9× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Fuel exports 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 |
|---|---|---|---|
| 1969 | +134.7% | 18.1% | 42.6% |
| 1965 | +92.9% | 13.4% | 25.9% |
| 1968 | -41.2% | 30.8% | 18.1% |
| 1970 | +36.6% | 42.6% | 58.1% |
| 1966 | +29.1% | 25.9% | 33.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 23.2% | 10.3% | 42.6% | 8 |
| 1970s | 85.9% | 58.1% | 95.1% | 10 |
| 1980s | 95.3% | 93.1% | 97.1% | 6 |
| 1990s | 96.9% | 95.5% | 98.9% | 4 |
| 2000s | 95.7% | 90.4% | 99.7% | 8 |
| 2010s | 90.0% | 84.0% | 96.5% | 10 |
| 2020s | 89.8% | 88.6% | 91.6% | 5 |
Countries ranked near Nigeria
More energy & mining data for Nigeria
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 2.96 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 38.0% (2024)
Frequently asked questions
- What is fuel exports in Nigeria?
- Fuel exports in Nigeria was 88.6% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest fuel exports recorded in Nigeria?
- The highest recorded value was 99.7% in 2001.
- What is the lowest fuel exports recorded in Nigeria?
- The lowest recorded value was 10.3% in 1962.
- How does Nigeria rank for fuel exports?
- Nigeria ranks 8th out of 192 countries with data for 2024.
- Is fuel exports rising or falling in Nigeria?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Fuel exports (% of merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Fuels comprise the commodities in SITC (Rev. 3) section 3 (mineral fuels, lubricants and related materials). This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.