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2023
Flag → Flag
Exports $3BRnk 57 / 220
2023
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Top Product $1.04BCars
2023
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Exports $6.29BRnk 1 / 159
2023
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Top Product $4.73BCrude Petroleum
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
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GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
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GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
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GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
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GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
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GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

United States-Nigeria Trade: In 2023, United States exported $3B to Nigeria. The main products that United States exported to Nigeria were Cars ($1.04B), Refined Petroleum ($340M), and Wheat ($179M). Over the past 5 years the exports of United States to Nigeria have increased at an annualized rate of 2.81%, from $2.62B in 2018 to $3B in 2023.

In 2017, United States exported services to Nigeria worth $2.24B, with Travel ($1.25B), Other business services ($470M), and Transportation ($162M) being the largest in terms of value.

Nigeria-United States Trade: In 2023, Nigeria exported $6.29B to United States. The main products that Nigeria exported to United States were Crude Petroleum ($4.73B), Petroleum Gas ($920M), and Nitrogenous Fertilizers ($167M). Over the past 5 years the exports of Nigeria to United States have increased at an annualized rate of 0.88%,  from $5.81B in 2018 to $6.29B in 2023.

In 2023, Nigeria did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Company data: In 2023, leading companies such as RHI Magnesita (6), Ford Motor Company (2), and Barry Callebaut (2) were at the forefront of exporting goods from Nigeria to the United States. Conversely, Other (9) and Unknown (7) were notable for importing products to Nigeria from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $294M and imported $258M from Nigeria, resulting in a positive trade balance of $35.5M. Between November 2023 and November 2024 the exports of United States have increased by $96M (48.6%) from $198M to $294M, while imports decreased by $-295M (-53.3%) from $553M to $258M.

Trade In November 2024, the top exports of United States to Nigeria were Cars ($35M), Wheat ($34.6M), Petroleum Gas ($31.4M), Petroleum Coke ($11.1M), and Motor vehicles; parts and accessories (8701... ($10.7M). In November 2024 the top imports of United States from Nigeria were Crude Petroleum ($610M), Petroleum Gas ($86.2M), Nitrogenous Fertilizers ($17.1M), Precious Stones ($2.19M), and Cocoa Beans ($1.47M).

Origins In November 2024 the exports of United States were mainly from Texas ($175M), Louisiana ($13.2M), Georgia ($13.1M), Maryland ($11.9M), and Florida ($10.9M), while imports destinations were mainly Pennsylvania ($123M), New Jersey ($89.4M), Puerto Rico ($24.7M), Maryland ($5.75M), and South Carolina ($3.58M).

Growth In November 2024, the increase in United States's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Gas Turbines ($10.6M or 17.4k%), Wheat ($5.63M or 19.5%), and Aircraft parts (gliders, balloons, and powered... ($5.3M or 203%). In November 2024, the decrease in United States's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Raw Lead ($-6.39M or -99.1%), Refined Petroleum ($-4.16M or -100%), and Commodities not elsewhere specified ($-1.82M or -67.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$96M(48.6%)
IMPORT GROWTH (November 2023 - November 2024)$-295M(-53.3%)
MAIN EXPORTER (November 2024)Texas$175M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Nigeria and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $3B to Nigeria. The main products exported from United States to Nigeria were Cars ($1.04B), Refined Petroleum ($340M), and Wheat ($179M). During the last 5 years the exports of United States to Nigeria have increased at an annualized rate of 2.81%, from $2.62B in 2018 to $3B in 2023.

In 2018, Nigeria exported $6.29B to United States. The main products exported from Nigeria to United States were Crude Petroleum ($4.73B), Petroleum Gas ($920M), and Nitrogenous Fertilizers ($167M). During the last 5 years the exports of Nigeria to United States have increased at an annualized rate of 0.88%, from $5.81B in 2023 to $6.29B in 2018.

Exports from United States (Flag) to Nigeria (Flag) (2023)

Exports from Nigeria (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from United States than Nigeria included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Nigeria than United States included Cote d'Ivoire ($2.4B), Senegal ($1.02B), and Gibraltar ($478M).

Difference in imports from Nigeria (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Nigeria

Flow
Scale

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

During 2023, United States had a large net trade with Nigeria in the exports of Transportation ($1.28B), Mineral Products ($490M), and Machines ($456M).

During 2018, Nigeria had a large net trade with United States in the exports of Mineral Products ($5.79B), Chemical Products ($203M), and Metals ($95.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Nigeria+$507MRefined Petroleum
Top Product Potential Nigeria United States+$3.39BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Nigeria. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Nigeria (Flag) (2023)

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