Nigeria Crude Oil: Exports
1980 - 2023 | Yearly | Barrel/Day th | Organization of the Petroleum Exporting Countries
Key information about Nigeria Crude Oil: Exports
- Nigeria Crude Oil: Exports was reported at 1,476.170 Barrel/Day th in Dec 2023
- This records an increase from the previous number of 1,388.260 Barrel/Day th for Dec 2022
- Nigeria Crude Oil: Exports data is updated yearly, averaging 1,812.003 Barrel/Day th from Dec 1980 to 2023, with 44 observations
- The data reached an all-time high of 2,464.120 Barrel/Day th in 2010 and a record low of 935.200 Barrel/Day th in 1983
- Nigeria Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
- The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports
View Nigeria's Crude Oil: Exports from 1980 to 2023 in the chart:
What was Nigeria's Crude Oil: Exports in 2023?
Nigeria Crude Oil: Exports was reported at 1,476.170 Barrel/Day th in Dec 2023 See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1,476.170 2023 | 1,388.260 2022 | 935.200 1983 | 2,464.120 2010 | Barrel/Day th | yearly | 1980 - 2023 |
Crude Oil: Exports by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Algeria (Barrel/Day th) | 482.714 2023 | yearly | 1980 - 2023 |
| Angola (Barrel/Day th) | 1,064.012 2023 | yearly | 1980 - 2023 |
| Australia (Barrel/Day th) | 258.455 2023 | yearly | 1980 - 2023 |
| Azerbaijan (Barrel/Day th) | 389.083 2023 | yearly | 1990 - 2023 |
| Bahrain (Barrel/Day th) | 148.417 2023 | yearly | 1980 - 2023 |
| Brazil (Barrel/Day th) | 1,714.936 2023 | yearly | 1980 - 2023 |
| Brunei (Barrel/Day th) | 60.934 2023 | yearly | 1980 - 2023 |
| Cameroon (Barrel/Day th) | 99.000 2008 | yearly | 1995 - 2008 |
| Canada (Barrel/Day th) | 3,401.265 2023 | yearly | 1980 - 2023 |
| China (Barrel/Day th) | 28.347 2023 | yearly | 1980 - 2023 |
| Colombia (Barrel/Day th) | 484.417 2023 | yearly | 1980 - 2023 |
| Congo (Barrel/Day th) | 249.103 2023 | yearly | 1980 - 2023 |
| Ecuador (Barrel/Day th) | 308.667 2023 | yearly | 1980 - 2023 |
| Egypt (Barrel/Day th) | 75.417 2023 | yearly | 1980 - 2023 |
| Equatorial Guinea (Barrel/Day th) | 54.086 2023 | yearly | 1980 - 2023 |
| Gabon (Barrel/Day th) | 204.075 2023 | yearly | 1980 - 2023 |
| India (Barrel/Day th) | 0.000 2023 | yearly | 1980 - 2023 |
| Indonesia (Barrel/Day th) | 55.833 2023 | yearly | 1980 - 2023 |
| Iran (Barrel/Day th) | 1,322.634 2023 | yearly | 1980 - 2023 |
| Iraq (Barrel/Day th) | 3,466.750 2023 | yearly | 1980 - 2023 |
| Kazakhstan (Barrel/Day th) | 1,424.583 2023 | yearly | 1990 - 2023 |
| Kuwait (Barrel/Day th) | 1,567.541 2023 | yearly | 1980 - 2023 |
| Libya (Barrel/Day th) | 1,023.648 2023 | yearly | 1980 - 2023 |
| Malaysia (Barrel/Day th) | 210.750 2023 | yearly | 1980 - 2023 |
| Mexico (Barrel/Day th) | 1,085.389 2023 | yearly | 1980 - 2023 |
| Nigeria (Barrel/Day th) | 1,476.170 2023 | yearly | 1980 - 2023 |
| Norway (Barrel/Day th) | 1,703.702 2023 | yearly | 1980 - 2023 |
| Oman (Barrel/Day th) | 919.240 2023 | yearly | 1980 - 2023 |
| Qatar (Barrel/Day th) | 472.256 2023 | yearly | 1980 - 2023 |
| Russia (Barrel/Day th) | 4,586.354 2023 | yearly | 1980 - 2023 |
| Saudi Arabia (Barrel/Day th) | 6,659.320 2023 | yearly | 1980 - 2023 |
| Sudan (Barrel/Day th) | 136.064 2023 | yearly | 1980 - 2023 |
| Syria (Barrel/Day th) | 250.000 2009 | yearly | 1995 - 2009 |
| Trinidad and Tobago (Barrel/Day th) | 54.917 2023 | yearly | 1980 - 2023 |
| United Arab Emirates (Barrel/Day th) | 2,651.100 2023 | yearly | 1980 - 2023 |
| United Kingdom (Barrel/Day th) | 492.498 2023 | yearly | 1980 - 2023 |
| United States (Barrel/Day th) | 4,058.000 2023 | yearly | 1980 - 2023 |
| Venezuela (Barrel/Day th) | 550.168 2023 | yearly | 1980 - 2023 |
| Vietnam (Barrel/Day th) | 57.917 2023 | yearly | 1980 - 2023 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.4 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Consolidated Fiscal Balance (USD mn) | -1,701.594 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| National Government Debt (USD mn) | 101,710.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Government Debt: % of GDP (%) | 49.5 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Forecast: Government Expenditure (NGN bn) | 99,387.936 2029 | yearly | 1990 - 2029 |
| Forecast: Government Net Debt (NGN bn) | 205,772.040 2028 | yearly | 1990 - 2028 |
| Forecast: Government Revenue (NGN bn) | 74,924.965 2029 | yearly | 1990 - 2029 |
| Federal Govt Balance (NGN bn) | -2,245.790 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Expenditure: Capital (NGN bn) | 235.110 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Gross Federation Account Revenue (NGN bn) | 4,876.700 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 3,111.800 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Gross Federation Account Revenue: Oil (NGN bn) | 1,530.910 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Revenue (NGN bn) | 1,445.670 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Expenditure (NGN bn) | 3,691.460 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Government Debt: Domestic (NGN bn) | 53,258.012 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
| Trade Balance (USD mn) | 2,786.0 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Exports (USD mn) | 4,913.5 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Exports Growth (%) | 163.7 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
| Aluminum: Exports (USD th) | 209,774.903 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 2,876.353 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 480.530 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
| Total Imports Growth (%) | 83.0 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
| Imports: Medicament (USD th) | 755,360.705 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 508,406.689 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 658.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Imports from USA (USD mn) | 177.707 Jun 2024 | monthly | Dec 2009 - Jun 2024 |
| Total Exports to China (USD mn) | 160.464 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Total Imports from China (USD mn) | 737.510 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Exports: Crude Oil (NGN mn) | 5,457,219.231 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Trade (NGN mn) | 10,433,069.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Growth Rate: MoM (%) | -35.341 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: Growth Rate: MoM (%) | 10.446 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: America: ow USA (NGN mn) | 975,552.174 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Europe: ow Netherlands (NGN mn) | 434,520.151 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports (NGN mn) | 7,280,672.000 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Europe: ow UK (NGN mn) | 4,761.874 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Mineral Products (NGN mn) | 33,075,147.443 2023 | yearly | 2003 - 2023 |
| Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.162 2023 | yearly | 2003 - 2023 |
| Imports: Europe: ow Netherlands (NGN mn) | 89,695.701 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Europe: ow Germany (NGN mn) | 91,725.002 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Asia: ow China (NGN mn) | 1,092,816.851 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Imports: America: ow USA (NGN mn) | 263,320.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Europe: ow UK (NGN mn) | 39,682.510 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Chemicals and Chemical Products (NGN mn) | 531,688.790 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports (NGN mn) | 3,152,397.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 564,023.272 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Manufactured Goods (NGN mn) | 415,104.163 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Food and Live Animals (NGN mn) | 464,465.517 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Machinery and Transport Equipment (NGN mn) | 939,658.575 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -831.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Current Account Balance (USD mn) | 5,142.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Foreign Direct Investment: % of GDP (%) | 1.3 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 10.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -309.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 4,726.039 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| External Debt (USD mn) | 42,495.2 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
| External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
| External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
| Forecast: Current Account Balance (USD bn) | 0.890 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD mn) | -86,263.760 2023 | yearly | 2005 - 2023 |
| External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| External Debt: Government: International Capital Market (USD mn) | 15,118.350 Mar 2024 | quarterly | Mar 2011 - Mar 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
| Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
| Money Supply M1 (USD mn) | 21,896.535 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Money Supply M2 (USD mn) | 67,150.889 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| M2 Growth (%) | 63.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Reserve Requirement Ratio (%) | 45.0 Aug 2024 | monthly | Nov 2005 - Aug 2024 |
| Foreign Exchange Reserves (USD mn) | 34,762.2 Jun 2024 | monthly | Jan 1960 - Jun 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.126 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 16.3 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Gold Reserves (USD mn) | 1,599.957 Jun 2024 | monthly | Dec 1950 - Jun 2024 |
| Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
| Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
| Domestic Credit (USD mn) | 66,336.6 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Domestic Credit Growth (%) | 33.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Private Debt: % of Nominal GDP (%) | 16.22 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 26,891,229.280 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 34,949,935.480 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,232,284.010 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 107,182,219.490 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Non Performing Loans to Gross Loans (%) | 4.140 Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 13.8 Sep 2024 | monthly | Jul 2015 - Sep 2024 |
More Indicators for Nigeria
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.