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Pricing

2022
Flag → Flag
Exports $3.24BRnk 56 / 219
2022
Flag → Flag
Top Product $580MCars
2022
Flag → Flag
Exports $4.83BRnk 4 / 166
2022
Flag → Flag
Top Product $4.02BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

United States-Nigeria Trade: In 2022, United States exported $3.24B to Nigeria. The main products that United States exported to Nigeria were Cars ($580M), Wheat ($480M), and Refined Petroleum ($441M). Over the past 5 years the exports of United States to Nigeria have increased at an annualized rate of 4.85%, from $2.56B in 2017 to $3.24B in 2022.

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 2022, Nigeria exported $4.83B to United States. The main products that Nigeria exported to United States were Crude Petroleum ($4.02B), Refined Petroleum ($254M), and Nitrogenous Fertilizers ($227M). Over the past 5 years the exports of Nigeria to United States have decreased at an annualized rate of 8.53%,  from $7.55B in 2017 to $4.83B in 2022.

In 2022, Nigeria did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

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

August, 2024

About

Overview In August 2024, United States exported $220M and imported $382M from Nigeria, resulting in a negative trade balance of $162M. Between August 2023 and August 2024 the exports of United States have increased by $41.7M (23.4%) from $178M to $220M, while imports decreased by $-64.2M (-14.4%) from $446M to $382M.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from Texas ($95.6M), Florida ($13.6M), Georgia ($11.3M), California ($10.5M), and New Jersey ($10.1M), while imports destinations were mainly Pennsylvania ($144M), Puerto Rico ($81.8M), New Jersey ($78.5M), California ($55.8M), and Maryland ($4.84M).

Growth In August 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 ($5.3M or 203%). In August 2024, the decrease in United States's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Raw Lead ($-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 (August 2023 - August 2024)$41.7M(23.4%)
IMPORT GROWTH (August 2023 - August 2024)$-64.2M(-14.4%)
MAIN EXPORTER (August 2024)Texas$95.6M

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 2022, United States exported $3.24B to Nigeria. The main products exported from United States to Nigeria were Cars ($580M), Wheat ($480M), and Refined Petroleum ($441M). During the last 5 years the exports of United States to Nigeria have increased at an annualized rate of 4.85%, from $2.56B in 2017 to $3.24B in 2022.

In 2017, Nigeria exported $4.83B to United States. The main products exported from Nigeria to United States were Crude Petroleum ($4.02B), Refined Petroleum ($254M), and Nitrogenous Fertilizers ($227M). During the last 5 years the exports of Nigeria to United States have decreased at an annualized rate of 8.53%, from $7.55B in 2022 to $4.83B in 2017.

Exports from United States (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Nigeria
Top DestinationSpain$9.41B

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 2022, countries that imported more from United States than Nigeria included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Nigeria than United States included Cote d'Ivoire ($1.97B), Gibraltar ($1.15B), and Togo ($750M).

Difference in imports from Nigeria (Flag) and United States (Flag) (2022)

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 2022, United States had a large net trade with Nigeria in the exports of Transportation ($848M), Mineral Products ($659M), and Vegetable Products ($490M).

During 2017, Nigeria had a large net trade with United States in the exports of Mineral Products ($4.39B), Chemical Products ($228M), and Metals ($66.6M).

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) (2022)

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