Summary
- Nigeria → United States
- $6billion
- United States → Nigeria
- $4.3billion
- Nigeria’s balance
- $1.7billion
Balance
Nigeria’s trade balance with the United States
Trade between Nigeria and the United States grew 83% since 1995
USD billions (current). Nigeria’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 6
- Imports 4.3
- Balance +1.7
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $5.1 billion | $595 million | $4.5 billion |
| 1996 | $6.2 billion | $1 billion | $5.2 billion |
| 1997 | $6.7 billion | $1 billion | $5.7 billion |
| 1998 | $4.6 billion | $888 million | $3.7 billion |
| 1999 | $4.7 billion | $750 million | $3.9 billion |
| 2000 | $10.6 billion | $911 million | $9.6 billion |
| 2001 | $8.8 billion | $1.2 billion | $7.6 billion |
| 2002 | $6.2 billion | $1.5 billion | $4.8 billion |
| 2003 | $11.2 billion | $2.3 billion | $8.9 billion |
| 2004 | $17.1 billion | $1.5 billion | $15.6 billion |
| 2005 | $25.1 billion | $1.5 billion | $23.7 billion |
| 2006 | $29.1 billion | $3.6 billion | $25.5 billion |
| 2007 | $33.8 billion | $4.4 billion | $29.4 billion |
| 2008 | $39.5 billion | $3.5 billion | $36 billion |
| 2009 | $19.8 billion | $3.6 billion | $16.2 billion |
| 2010 | $32.2 billion | $6.6 billion | $25.6 billion |
| 2011 | $34.7 billion | $6.3 billion | $28.4 billion |
| 2012 | $23.4 billion | $5.1 billion | $18.3 billion |
| 2013 | $12.2 billion | $6 billion | $6.2 billion |
| 2014 | $4.5 billion | $5.6 billion | -$1.1 billion |
| 2015 | $2.8 billion | $3.5 billion | -$740 million |
| 2016 | $4.5 billion | $2.7 billion | $1.8 billion |
| 2017 | $7.6 billion | $2.8 billion | $4.8 billion |
| 2018 | $5.8 billion | $2.4 billion | $3.4 billion |
| 2019 | $4.7 billion | $3.6 billion | $1.1 billion |
| 2020 | $1.7 billion | $4.7 billion | -$3 billion |
| 2021 | $3.7 billion | $3.8 billion | -$52 million |
| 2022 | $4.8 billion | $3.6 billion | $1.2 billion |
| 2023 | $6.3 billion | $3.5 billion | $2.8 billion |
| 2024 | $6 billion | $4.3 billion | $1.7 billion |
What they sell each other
What Nigeria sells to the United States
The top 10 headings in 2024, with their share of the total.
What the United States sells to Nigeria
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Lagos and Los Angeles is 8,263 nautical miles (15,303 km) long: ≈ 19–24.5 days at sea (at 18 and 14 knots).
Passages it crosses: Panama Canal.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
The United States was Nigeria’s 2nd largest trading partner (9% of its trade), and Nigeria was the United States’ 54th (0.2%).
- The United States in Nigeria’s trade
- 9.2%
- The United States’ rank among Nigeria’s partners
- 2nd
- Nigeria in the United States’ trade
- 0.2%
- Nigeria’s rank among the United States’ partners
- 54th
Compare with
Other partners of Nigeria
Other partners of the United States
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.