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The United States imported over $5.7 billion in goods from Nigeria in 2024, with mineral fuels and oils accounting for 93%
Key Takeaways:
  • Mineral fuels and oils dominated the US' imports from Nigeria, totalling $5.28 billion.
  • Total US imports from Nigeria reached $5.70 billion in 2024.
  • Non-oil sectors contributed approximately $423 million to the total US imports from Nigeria.
  • US imports from Nigeria cut across 70 distinct product categories.
  • The average value across all import categories was $81.4 million.
  • The top 10 imported goods made up 99.1% of the total imported value.

Nigeria: Q1 2024 exports value reached more than half of 2023’s total exports
In Q1 2024, there was a 146% increase in Nigeria's foreign trade value from ₦12.9t in Q1 2023, with exports reaching ₦19.2t, and surpassing the whole of 2020's exports (₦12.5t). The total trade value in the quarter reached nearly half of the total trade in 2023.

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