US – Nigeria Trade Relations: An Overview

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Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total goods trade as of 2019 The top export categories in 2019 were: vehicles at US$938 million, cereals, especially wheat, at US$494million), machinery at US$479million, mineral fuels at US$287 million, and plastics at US$189 million The top import categories were mineral fuels at US$4.4 billion, special other (returns) at US$80 million, oil seeds and oleaginous fruits at US$15 million, fertilisers at US$11 million, and cocoa at US$10 million The value of trade between Nigeria and the United States has continued to grow, data by the Office of the United States Trade Representative shows. According to the resource centre, Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total (two way) goods trade as of 2019. The centre also reveals that goods exports totalled US$3.2 billion while goods imports totalled US$4.6 billion during the year under preview. The U.S. goods trade deficit with Nigeria was US$1.4 billion in 2019. Meanwhile, U.S. goods and services trade with Nigeria totalled an estimated US$10.4 billion in 2019. Exports were US$5.3 billion, while imports were US$5.1 billion. The centre also noted that the US goods

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Wanjiku Njuguna is a Kenyan-based business reporter with experience of more than eight years.

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