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Home Economy

US Achieves $576 Million Trade Surplus with Nigeria Amid Tariff Challenges

Stephen Akudike by Stephen Akudike
August 26, 2025
in Economy, Money Market
Reading Time: 1 min read
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“U.S. National Debt Rises By $1 Trillion Every 100 Days
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The United States recorded a $576 million trade surplus with Nigeria in the first half of 2025, a stark reversal from a $779 million deficit in the same period of 2024, according to data from the U.S. Census Bureau and Bureau of Economic Analysis. This shift was driven by a 41% surge in U.S. exports to Nigeria, rising from $2.36 billion to $3.34 billion, while Nigerian imports to the U.S. dropped 12% from $3.14 billion to $2.76 billion, resulting in a $1.3 billion swing.

June 2025 underscored the trend, with U.S. exports to Nigeria soaring 196% to $919 million from $310 million, and imports growing modestly by 29% to $639 million, flipping a $182 million deficit into a $280 million surplus. Nigeria’s reliance on U.S. manufactured goods, including machinery, vehicles, and pharmaceuticals, amid foreign exchange shortages, fueled the change.

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Despite this, the broader U.S.–Africa trade balance remained negative, with a $3.69 billion deficit in H1 2025, up from $3.61 billion in 2024. U.S. exports to Africa rose 29% to $19.7 billion, but imports climbed 24% to $23.4 billion. Nigeria and Egypt, with a $2.73 billion surplus, were exceptions, while South Africa’s deficit nearly doubled to $6.32 billion.

New U.S. tariffs, effective August 7, 2025, set Nigeria’s rate at 15%, up from 14% under the April “Liberation Day” order, adding pressure on its resource-driven exports. Nigeria’s economic context, with a 67.12% rise in capital importation to $5.64 billion in Q1 2025, contrasts with challenges like naira volatility (N1,560/$1) and 21.88% inflation in July.

 

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