Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Nigeria

Nigeria ranked No. 61 in total trade value through February with a total of $820.73 million. Exports totaled $407.78 million and Imports totaled $412.95 million, a deficit of $5.17 million.

January – February 2019

Top Trading Ports

Total Trade: $820.73 million

RankPortTotal YTD
1Port of Newark $178,616,435
2Port of Wilmington, Dela. $178,434,963
3Port of Houston $144,443,445
4Port of New Orleans $44,266,025
5Port of Baltimore, Md. $33,714,305
6Port of Jacksonville, Fla. $25,091,053
7Port of Chester, Penn. $22,279,996
8Port of New York $21,422,798
9Houston’s George Bush Intercontinental Airport, Texas $20,146,955
10Port of Galveston, Texas $19,318,861

U.S. trade with Nigeria rose to $820.73 million through February

Nigeria’s trade with the United States rose to $820.73 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 54.05 percent below its total trade during the same time period last year. Nigeria’s exports increased 16.7 percent while imports fell 71.26 percent. The U.S. deficit with Nigeria was $5.17 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Wilmington, Dela.; No. 3 Port of Houston; No. 4 Port of New Orleans; and No. 5 Port of Baltimore, Md.. During the same period the previous year, the top five were No. 1 Port of Chester, Penn. No. 2 Port of Wilmington, Dela. No. 3 Port of Houston No. 4 Port of Newark and No. 5 Port of Texas City, Texas. In the current time period, the top five accounted for 70.61 percent of Nigeria’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 21.8 percent to $178.62 million.
    Exports rose 1.64 percent to $6.58 million. Imports fell 22.49 percent to $172.04 million.
  • Trade with No. 2 Port of Wilmington, Dela. fell 43.75 percent to $178.43 million.
    Exports totaled $8.58 million. Imports fell 46.45 percent to $169.86 million.
  • Trade with No. 3 Port of Houston fell 51.8 percent to $144.44 million.
    Exports rose 87.59 percent to $143.35 million. Imports fell 99.51 percent to $1.09 million.
  • Trade with No. 4 Port of New Orleans rose 17.5 percent to $44.27 million.
    Exports rose 35.95 percent to $32.05 million. Imports fell 13.37 percent to $12.21 million.
  • Trade with No. 5 Port of Baltimore, Md. rose 38.66 percent to $33.71 million.
    Exports rose 39.28 percent to $33.57 million. Imports fell 32.76 percent to $139,995.

Nigeria ranked No. 61 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 44.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Nigeria by value through February were the categories of Motor vehicles for transporting people; Wheat; Gasoline, other fuels; Motor vehicle parts; and Electric generating sets, rotary converters, respectively. They accounted for 58.95 percent of total exports to Nigeria.

The value of the top five categories of U.S. imports from Nigeria –– Oil; Gasoline, other fuels; Nitrogenous fertilizers; Value added to a returned import; and Wigs, other products, from human hair –– accounted for 96.68 percent of all inbound shipments.

Looking more closely at U.S. exports to Nigeria:

  • Motor vehicles for transporting people rose 20.41 percent compared to last year to $93.22 million.
  • Wheat rose 92.87 percent compared to last year to $75.56 million.
  • Gasoline, other fuels fell 16.41 percent compared to last year to $35.36 million.
  • Motor vehicle parts rose 40.67 percent compared to last year to $22.6 million.
  • Electric generating sets, rotary converters rose 6931.11 percent compared to last year to $13.63 million.

Looking more closely at U.S. imports from Nigeria:

  • Oil fell 76.19 percent compared to last year to $312.3 million.
  • Gasoline, other fuels fell 21.8 percent compared to last year to $69.41 million.
  • Nitrogenous fertilizers fell 24.31 percent compared to last year to $11.34 million.
  • Value added to a returned import rose 49.24 percent compared to last year to $4.17 million.
  • Wigs, other products, from human hair rose 5.04 percent compared to last year to $1.99 million.

In the latest annual figures available, Nigeria recorded $9.21 billion in trade with the United States. At year’s end, its were Philadelphia; Houston; New York City; New Orleans; and Baltimore. Total U.S. exports to Nigeria were $ 2.16 billion and imports from Nigeria were $7.05 billion. The U.S. deficit with Nigeria was $4.9 billion.