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Percentage change in net exports from Nigeria from the 1st quarter of 2019 to the 4th quarter of 2020

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Source

Release date

April 2021

Region

Nigeria

Survey time period

Q1 2019 to Q4 2020

Supplementary notes

Compared to the same period of the previous year.

Citation formats

Percentage change in net exports from Nigeria 2019-2020

Published by Agne Blazyte, Apr 30, 2021
In 2020, Nigeria's exports decreased by ** percent compared to the same period of the previous year. The last two quarters of the year experienced the largest drop. Nigeria's economy has been impacted by the coronavirus pandemic. Crude oil, petrol, and fuel represented Nigeria's main source of export value. Oil prices experienced a sharp fall with the pandemic outbreak and the country lowered the daily crude oil production consistently.
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