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Nigeria Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports)
What is Nigeria's merchandise exports to low- and middle-income economies in sub-saharan africa (% of total merchandis? As of 2023, it's 10.2 USD Mn, down from 24 USD Mn in 2014.
Author: Wantstats Research TeamSource: World Bank and Wantstats Repository
| Label | Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandis |
|---|---|
| 2014 | 24.0292 USD Mn |
| 2015 | 24.0298 USD Mn |
| 2016 | 24.5869 USD Mn |
| 2017 | 25.2398 USD Mn |
| 2018 | 25.1815 USD Mn |
| 2019 | 24.5785 USD Mn |
| 2020 | 19.3322 USD Mn |
| 2021 | 12.8526 USD Mn |
| 2022 | 27.7811 USD Mn |
| 2023 | 10.2069 USD Mn |
Data Source: World Bank and Wantstats Repository
Nigeria Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports): Key Points
- By 2023, Nigeria's merchandise exports to low- and middle-income economies in Sub-Saharan Africa came to 10.21 units, against 24.03 units in 2014 — around 58% down across the period.
- 2019-2020: drifts lower, 19.33 units (-23%).
- 2021: caves in to 12.85 units (-34%).
- 2022: shoots up to 27.78 units (+116%).
- 2023: drops hard to 10.21 units (-63%).
- Net result across the whole period: down 57.5%, closing 2023 at 10.21 units.
What The Volatility Really Means
Multiple direction changes over the period mean any two-point comparison — say, first year to last — is likely to be misleading on its own. The middle years matter just as much.
The 2020 dip lands in the one year that disrupted almost every kind of economic activity worldwide — 2020. That doesn't prove COVID-19 caused this specific move, but it's a reasonable first place to look before assuming something else did.
Read this as one data point in a bigger comparison, not a verdict on its own. Nigeria's merchandise exports to low- and middle-income economies in Sub-Saharan Africa figure only tells a real story once it's set next to comparable countries or regions tracking the same thing.
Nigeria's number here, like most in this category, is built from a mix of direct measurement and statistical modeling — reliable for tracking direction, less reliable for pinning down an exact year-to-year figure.
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Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.