Analysis of International Trade Performance of Nigerian Fisheries
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Date
2019-09-26
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Abstract
ABSTRACT
This study analysed the international trade performance of Nigerian fish market with the aim of
examining Nigeria’s trend of trade specialization and levels of market share at global fish market.
The study utilized secondary data within 1976-2015, emanating from the Food and Agriculture
Organisation Statistics (FAOSTAT) and World Bank data. Balassa index, market share index
(MSI) and growth models were applied to analyze the data. Results of the study revealed that there
was low level of specialization in exportation of Nigerian fisheries and high level of specialisation
in importation of foreign fishery resources over the study period. The export market share result
indicated that though Nigeria was not competitive at global market, however, price can be an
incentive for Nigerian fish export commodities. The import market share indicated possibility of
dumping in Nigerian fish importation as the obtained market share indices indicated importation
of low value fish commodities. There was acceleration in the growth rate of fish import but
deceleration for fish export growth rate. The study suggests allocation of more resources to export
section of Nigerian fisheries and introduction of counter dumping policies in import section so as
to ensure a balanced trade of Nigerian fisheries.
Keywords: International Trade, Performance, Competitiveness, Specialization
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Ambali, O.Y. and Ayinde, O. E. (2019),Analysis of International Trade Performance of Nigerian Fisheries. 6th African Conference of Agricultural Economists. 1-15. Published by African Association of Agricultural Economists