Nigeria Export Volume Index

Nigeria Export Volume Index data was reported at 60.543 2015=100 in 2021. This records a decrease from the previous number of 86.076 2015=100 for 2020. Nigeria Export Volume Index data is updated yearly, averaging 88.079 2015=100 from Dec 1980 (Median) to 2021, with 42 observations. The data reached an all-time high of 154.045 2015=100 in 1985 and a record low of 55.306 2015=100 in 1987. Nigeria Export Volume Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Trade Index. Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, interna­tional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year’s trade values as weights. For economies for which UNCTAD does not publish data, the export volume indexes (lines 72) in the IMF's International Financial Statistics are used.;United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.;;

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