Nigeria (NGA) and United States (USA) Trade | OEC - The Observatory of Economic Complexity

About

Nigeria-United States In 2020, Nigeria exported $1.69B to United States. The main products that Nigeria exported to United States are Crude Petroleum ($1.19B), Petroleum Gas ($204M), and Refined Petroleum ($169M). During the last 25 years the exports of Nigeria to United States have decreased at an annualized rate of 3.68%, from $4.31B in 1995 to $1.69B in 2020.

In 2020, Nigeria did not export any services to United States.

United States-Nigeria In 2020, United States exported $4.49B to Nigeria . The main products that United States exported to Nigeria were Cars ($2.24B), Wheat ($312M), and Refined Petroleum ($209M). During the last 25 years the exports of United States to Nigeria have increased at an annualized rate of 8.42%, from $595M in 1995 to $4.49B in 2020.

In 2020, United States did not export any services to Nigeria.

Comparison In 2020, Nigeria ranked 125 in the Economic Complexity Index (ECI -1.65), and 50 in total exports ($42.4B). That same year, United States ranked 9 in the Economic Complexity Index (ECI 1.56), and 2 in total exports ($1.34T).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

In 2020, Nigeria exported $1.69B to United States. The main products exported from Nigeria to United States were Crude Petroleum ($1.19B), Petroleum Gas ($204M), and Refined Petroleum ($169M). During the last 25 years the exports of Nigeria to United States have decreased at an annualized rate of 3.68%, from $4.31B in 1995 to $1.69B in 2020.

In 2020, United States exported $4.49B to Nigeria. The main products exported from United States to Nigeria were Cars ($2.24B), Wheat ($312M), and Refined Petroleum ($209M). During the last 25 years the exports of United States to Nigeria have increased at an annualized rate of 8.42%, from $595M in 1995 to $4.49B in 2020.

Latest Data

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Nigeria Exports

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Date

United States Exports

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Date

Market Competitiveness

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Measure

SectionYear

Nigeria
Top Destination: India, $6.27B

United States
Top Destination: Canada, $218B

This map shows whether countries import more from Nigeria or United States. Each country is colored based on the difference in imports they receive from Nigeria and United States or the difference in the growth in imports.

In 2019, countries that imported more from Nigeria than United States were Cameroon ($1.21B), Cote d'Ivoire ($899M), and Togo ($652M).

In 2019, countries that imported more from United States than Nigeria were Canada ($218B), Mexico ($196B), and China ($122B).

Comparative Advantage Nigeria - United States

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Flow

Year

This chart compares trade between Nigeria and United States by product, considering products traded by both, Nigeria and United States.

During 2020, Nigeria had a large net trade with United States in the exports of Mineral Products ($1.56B), Foodstuffs ($35.6M), and Vegetable Products ($31.1M).

During 2020, United States had a large net trade with Nigeria in the exports of Transportation ($2.58B), Machines ($580M), and Mineral Products ($346M).

Tariff Section

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Tariffs

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This section shows import tariffs for products traded between Nigeria and United States (using the HS6 product classification and the last year reported).

In 2016, the products from Nigeria that paid the highest import tariffs to enter United States were Bovine carcasses and half carcasses, fresh or chilled (35%)and Bovine cuts bone in, fresh or chilled (35%).

In 2019, the products from United States that paid the highest import tariffs to enter Nigeria were Non-alcoholic beverages; other than non-alcoholic beer, n.e.c. in item no. 2202.10, not including fruit or vegetable juices of heading no. 2009 (379k%)and Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%).

*The tariffs present between Nigeria and United States are:
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more Nigeria has comparative advantage over United States. Similarly, the more red a dot/product is, the more United States has comparative advantage over Nigeria.

About

Historical Data

Bilateral Trade by Products

Latest Data

Nigeria Exports

United States Exports

Market Competitiveness

Comparative Advantage Nigeria - United States

Tariff Section

Tariffs

Economic Complexity

Competitive Landscape

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