Forecast: Transport Services Exports in Nigeria

The forecast for Nigeria's transport services exports shows a slight, steady decline from 2024 to 2028, with values dropping incrementally each year, starting from 46.67 in 2024 and reaching 46.61 in 2028. The data reflects a marginal year-on-year decrease in percentage, indicating stability but a gradual downward trend. This trend suggests that while Nigeria's transport services exports are significant, they might be facing challenges that hinder growth. Based on 2023 data, these exports stood at 46.68 of Commercial Service Exports. The compound annual growth rate (CAGR) over the five-year period highlights an average annual decline, showcasing a need for strategic interventions.

Future trends to watch include the impact of global trade policies, technological advancements in transport logistics, and infrastructural improvements within Nigeria. Monitoring these factors may offer insights into potential areas for growth or further decline in the coming years.