Nigeria's PMS imports increased by 55% from 2010 to 2022, with 245 billion litres imported in that period

Between 2010 and 2022, Nigeria imported 245 billion litres of Premium Motor Spirit (PMS), popularly called petrol, with the highest imports recorded in 2022. Here is the volume of PMS imported into the country in 13 years from 2010.

Source:

National Bureau of Statistics

Period:

2010-2022
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Despite Trump tariffs, US imports from Africa surged 24% to $23.4B in H1 2025
  • US imports from Africa grew 23.9% year-on-year to $23.4 billion in H1 2025.
  • South Africa drove much of the growth, with exports surging 52.2% to $9.5 billion.
  • Nigeria recorded a 12.1% decline in exports to the US, falling to $2.8 billion.
  • Algeria also posted a contraction, with exports dropping 13.5% to $1.1 billion.
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  • Other African countries collectively expanded exports by 23.5% to $8.6 billion.
  • Africa’s trade growth with the US continues despite tariff barriers, showing resilience.
US trade deficit with South Africa nearly doubled to $6.3 billion in H1 2025
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  • Nigeria swung into a $576 million surplus, reversing last year’s deficit.
  • South Africa’s deficit with the US nearly doubled to $6.32 billion, dragging the overall balance.
US trade deficit with South Africa nearly doubled to $6.3 billion in H1 2025
  • US imports from Africa jumped 24% to $23.4 billion in H1 2025 despite tariffs.
  • Egypt led gains, doubling its surplus with the US to $2.73 billion.
  • Nigeria swung into a $576 million surplus, reversing last year’s deficit.
  • South Africa’s deficit with the US nearly doubled to $6.32 billion, dragging the overall balance.
The US remained the dominant producer of bio-diesel, with 15.25 million metric tons produced in 2023
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  • Russia (0.63Tcm) and Iran (0.26Tcm) follow as the second and third largest producers.

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