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 eighth U.S.-Nigerian TIFA Council Meeting was held in March 2014.
Nigeria Trade Summary
U.S. goods and services trade with Nigeria totaled an estimated $13.0 billion in 2024, up 16.5 percent ($1.8 billion) from 2023.
U.S. total goods trade (exports plus imports) with Nigeria was an estimated $10.0 billion in 2024. U.S. goods exports to Nigeria in 2024 were $4.3 billion, up 66.5 percent ($1.7 billion) from 2023. U.S. goods imports from Nigeria in 2024 totaled $5.7 billion, up 0.9 percent ($51.7 million) from 2023. The U.S. goods trade deficit with Nigeria was $1.5 billion in 2024, a 53.3 percent decrease ($1.7 billion) over 2023.
U.S. total services trade (exports plus imports) with Nigeria totaled an estimated $3 billion in 2024. U.S. services exports to Nigeria in 2024 were $2.3 billion, up 5.9 percent ($130 million) from 2023. U.S. services imports from Nigeria in 2024 were $635 million, down 8.0 percent ($55 million) from 2023. The U.S. services trade surplus with Nigeria was $1.7 billion in 2024, a 12.2 percent increase ($185 million) over 2023.
