Be part of the bilateral trade opportunities, including in agribusiness, technology and tourism. 

U.S.-Nigeria Trade Facts: –

• U.S. goods and services trade with Nigeria totaled an estimated $9.0 billion in 2016. Exports were $4.4 billion; imports were $4.6 billion. The U.S. goods and services trade deficit with Nigeria was $216 million in 2016.

• Nigeria is currently the 56th largest goods trading partner with U.S. with $6.1 billion in total (two way) goods trade during 2016. Goods exports totaled $1.9 billion; goods imports totaled $4.2 billion. The U.S. goods trade deficit with Nigeria was $2.3 billion in 2016.

AGOA Status: Nigeria is eligible for AGOA this year. It also qualifies for textile and apparel benefits.

Exports

• U.S. total exports of agricultural products to Nigeria totaled $370 million in 2016. Leading domestic export categories include: wheat ($265 million), corn ($26 million), prepared food ($23 million), condiments & sauces ($12 million), and processed vegetables ($10 million).

• The top export categories in 2016 were: machinery ($350 million), vehicles ($300 million), cereals (wheat) ($293 million), mineral fuels ($152 million), and plastics ($129 million).

• U.S. exports of services to Nigeria were an estimated $2.5 billion in 2016, 7.0% ($185 million) less than 2015.  Leading services exports from the U.S. to Nigeria were in the travel, transport, and technical and other services sectors.

Imports

• U.S. goods imports from Nigeria totaled $4.2 billion in 2016, up 118.0% ($2.3 billion) from 2015.  

• The top import categories in 2016 were: mineral fuels ($4.0 billion), special other (returns ) ($79 million), artificial flowers, feather or down articles ($7 million), fertilizers ($7 million), and food waste, animal feed ($7 million).

• U.S. total imports of agricultural products from Nigeria totaled $28 million in 2016. Leading categories include: feeds & fodders ($7 million), spices ($6 million), cocoa beans ($5 million), tree nuts ($3 million), and tea, incl herb ($2 million).

Investment

• U.S. foreign direct investment (FDI) in Nigeria (stock) was $3.8 billion in 2016. U.S. direct investment in Nigeria is led by mining, manufacturing, and prof., scientific, and tech. services.

• Nigeria’s FDI in the United States (stock) was $53 million in 2016, up 82.8% from 2015.

source: The Office of the U.S. Trade Representative (USTR), Executive office of the President of the United States