Nigeria

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

Trade Agreements: The U.S. and Nigeria signed a Trade & Investment Framework Agreement (TIFA) in 2000. The sixth U.S.-Nigerian TIFA Council Meeting was held in January 2009. See the press release below for details.

U.S.-Nigeria Trade Facts

Nigeria is currently our 23rd largest goods trading partner with $38.6 billion in total (two way) goods trade during 2011. Goods exports totaled $4.8 billion; Goods imports totaled $33.7 billion. The U.S. goods trade deficit with Nigeria was $28.9 billion in 2011.

Exports

Nigeria was the United States' 44th largest goods export market in 2011.

U.S. goods exports to Nigeria in 2011 were $4.8 billion, up 18.4% ($747 million) from 2010.

The top export categories (2-digit HS) in 2011 were: Cereals (wheat) ($1.2 billion), Vehicles ($1.1 billion), Machinery ($720 million), Mineral Fuel (oil) ($597 million), and Plastic ($187 million).

U.S. exports of agricultural products to Nigeria totaled $ 1.3 billion in 2011. Leading category is: wheat ($1.2 billion).

Imports

Nigeria was the United States' 16th largest supplier of goods imports in 2011.

U.S. goods imports from Nigeria totaled $33.7 billion in 2011, a 10.6% increase ($3.2 billion) from 2010. Nearly all of U.S. imports from Nigeria was oil. U.S. imports from Nigeria accounted for 1.5% of total U.S. imports for 2011.

The five largest import categories in 2011 were: Mineral Fuel (oil) ($33.6 billion), Cocoa ($61 million), Rubber ($28 million), Special Other (returns) ($26 million), Food Waste ($6 million).

U.S. imports of agricultural products from Nigeria totaled $107 million in 2011. Leading categories include: cocoa beans ($56 million), and rubber ($28 million).

Trade Balance

The U.S. goods trade deficit with Nigeria was $28.9 billion in 2011, a 9.4% increase ($2.5 billion) from 2010.

Historical Trade Data
U.S. Goods Trade with Nigeria (in billions of dollars)

U.S. foreign direct investment (FDI) in Nigeria (stock) was $5.2 billion in 2010 (latest data available), up 5.1% from 2009.

U.S. direct investment in Nigeria is concentrated in the mining sector.

Nigeria FDI in the United States (stock) was not available in 2010. It was $164 million in 2008.

*NOTE: No services trade data with Nigeria is available.