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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 sixth U.S.-Nigerian TIFA Council Meeting was held in January 2009. See the press release below for details.
U.S.-Nigeria Trade Facts
Nigeria is currently our 60th largest goods trading partner with $5.3 billion in total (two way) goods trade during 2015. Goods exports totaled $3.4 billion; goods imports totaled $1.9 billion. The U.S. goods trade surplus with Nigeria was $1.5 billion in 2015.
According to the Department of Commerce, U.S. exports of goods to Nigeria supported an estimated 28 thousand jobs in 2014 (latest data available).
Nigeria was the United States' 50th largest goods export market in 2015.
U.S. goods exports to Nigeria in 2015 were $3.4 billion, down 43% ($2.6 billion) from 2014 but up 111% from 2005.
The top export categories (2-digit HS) in 2015 were: mineral fuels ($613 million), machinery ($586 million), cereals (wheat) ($516 million), vehicles ($480 million), and plastics ($192 million).
U.S. exports of agricultural products to Nigeria totaled $667 million in 2015, our 34th largest agricultural export market. Leading categories include: wheat ($516 million), wine & beer ($29 million), prepared food ($25 million), condiments & sauces ($15 million), and soybeans ($15 million).
Nigeria was the United States' 65th largest supplier of goods imports in 2015.
U.S. goods imports from Nigeria totaled $1.9 billion in 2015, down 50% ($1.9 billion) from 2014 (latest data available), and down 92% from 2005.
The top import categories (2-digit HS) in 2015 were: mineral fuels ($1.8 billion), special other (returns) ($35 million), cocoa ($10 million), art and antiques ($9 million), and food waste, animal feed ($6 million).
U.S. imports of agricultural products from Nigeria totaled $32 million in 2015. Leading categories include: spices ($7 million), feeds & fodders ($6 million), cocoa beans ($6 million), cocoa paste & cocoa butter ($4 million), and tea, incl herb ($3 million).
The U.S. goods trade surplus with Nigeria was $1.5 billion in 2015, a 29.8% decrease ($634 million) over 2014.
U.S. foreign direct investment (FDI) in Nigeria (stock) was $5.2 billion in 2014 (latest data available), a 2.9% increase from 2013. There is no information on the distribution of U.S. FDI in Nigeria.
Nigeria's FDI in the United States (stock) was $11 million in 2014 (latest data available). The distribution of Nigeria's FDI in the United States is not available.
Sales of services in Nigeria by majority U.S.-owned affiliates were $1.2 billion in 2013 (latest data available), while sales of services in the United States by majority Nigeria-owned firms were $3 million.