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.

In 2024, the United States imported $5.70 billion worth of goods from Nigeria, with petroleum products maintaining their historical dominance in the trade relationship. Mineral fuels and oil products accounted for $5.28 billion of total imports from Nigeria.

Despite this heavy dependence on oil, there are signs of export diversification. Fertilisers emerged as the second most valuable export category at $139.41 million, followed by lead products at $78.17 million. These non-oil sectors, along with various other industrial and agricultural products, collectively contributed approximately $423 million to the trade balance.

Source:

USA Trade Online - U.S. Census Bureau

Period:

2024
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