Fuel imports as a percentage of merchandise imports reached 0.334 in 2023 in Nigeria, according to the National Statistical Office. This is 15.5% less than in the previous year.
Historically, fuel imports as a percentage of merchandise imports in Nigeria reached an all time high of 0.396 in 2022 and an all time low of 0.004 in 1987.
Nigeria has been ranked 7th within the group of 139 countries we follow in terms of fuel imports as a percentage of merchandise imports.
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