Export And Its Components
Export and Components (US$ Million)
Sharp drop in export, post-2014Q3
![](https://cseaafrica.org/wp-content/uploads/2017/03/Export-and-its-Components-3512.jpg)
Import and its Components (US$ Million)
Considerable drop in imports, 2016
![](https://cseaafrica.org/wp-content/uploads/2017/03/Export-and-its-Components-3512-2.jpg)
Export and its Components: In 2015 and 2016Q1, overall export earnings declined significantly to a record low of less than $3000 million in 2016Q1, as against the peak of above $10,000 million in 2008 and 2013. This is largely on the account of falling crude oil price, production and export.
Import and its Components: Overall import declined considerably in 2015 and 2016Q1, due to the scarcity of FOREX and depreciation of the naira which made imports highly expensive.
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