U.S. Imports Over $1.3 Billion in Nigerian Crude as Trade Balance Tips in Washington’s Favor
Despite recent tariffs imposed by President Donald Trump’s administration, the United States remains heavily reliant on Nigerian crude oil, having imported 17.39 million barrels worth $1.34 billion between January and May 2025.
While crude remains exempt from new trade tariffs, Nigeria’s non-oil exports to the U.S. have plummeted under new rules. Overall Nigerian exports to the U.S. dropped to $2.12 billion from $2.65 billion in the same period of 2024 — a 20% decline. Meanwhile, U.S. exports to Nigeria surged to $2.42 billion, creating a $295 million trade surplus in America’s favor.
Nigerian crude still dominates U.S. oil imports from Africa, accounting for over 62%, far ahead of Libya, Angola, and Ghana. However, the decline in Nigeria’s non-oil exports — such as agriculture and manufactured goods — raises concerns about over-dependence on crude oil.
Adding to the shift, Egypt and South Africa have overtaken Nigeria as top African trade partners for the U.S., both in imports and exports. With new tariffs in place and trade preferences shifting, Nigeria risks losing its once-dominant role in transatlantic commerce.
Source: nairametrics.com
