Exports from Nigeria plunged 33.5 percent year-on-year to NGN 965.6 billion in March of 2020, the lowest value since March of 2017. Considering the first quarter of the year, exports fell 10 percent year-on-year as sales of mineral products which account for 85 percent of total shipments, went down 12 percent, mainly due to crude oil (-12.8 percent).
Exports in Nigeria averaged 461276.17 NGN Millions from 1981 until 2020, reaching an all time high of 2648881.76 NGN Millions in December of 2011 and a record low of 322.93 NGN Millions in February of 1983. This page provides - Nigeria Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Exports - values, historical data and charts - was last updated on July of 2020. source: National Bureau of Statistics, Nigeria
Exports in Nigeria is expected to be 1800000.00 NGN Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Nigeria to stand at 1550000.00 in 12 months time. In the long-term, the Nigeria Exports is projected to trend around 1600000.00 NGN Millions in 2021 and 1650000.00 NGN Millions in 2022, according to our econometric models.