Nigeria's Merchandise Export Destination: A 20-Year Analysis
In this analysis, I examine the changes in the export destination of Nigerian merchandise. The time period observed is from 2000 to 2020. For each region, it shows the percentage of merchandise exports to each specific location. This is divided into 7 regions. Regions highlighted with an asterisk indicate locations where the data collected was for only low and middle-income countries. "Others" signifies regions not included in either of the 6 regions. Together, this analysis is able to show how Nigerian export destination has evolved over time. For example, exports to high-income countries have gone from 71.47% in 2000 to 36.71%. In return, exports to South Asian countries have gone from 14.43% to 25.02%. Overall, Nigeria's merchandise export has diversified (by region). This means Nigeria is not heavily reliant on one region. Data is obtained from the World Bank estimates (which are based on the International Monetary Fund's Direction of Trade database. These are t...
