RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

US Records $1.45 Billion Trade Surplus with Nigeria in First 10 Months of 2025 as Exports Surge 60%

Jide Omodele by Jide Omodele
January 27, 2026
in Economy
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The United States posted a $1.45 billion goods trade surplus with Nigeria in the first ten months of 2025  a dramatic reversal from the $1.37 billion deficit recorded during the same period in 2024  driven by a sharp 60% increase in American exports and a decline in Nigerian shipments, according to the latest figures from the US Census Bureau.

Between January and October 2025, US exports to Nigeria rose to $5.94 billion, up $2.23 billion (60.2%) from $3.71 billion in the corresponding period of 2024. Imports from Nigeria fell to $4.49 billion, down $582 million (11.5%) from $5.07 billion the previous year, flipping the bilateral trade balance firmly in Washington’s favour.

AlsoRead

Oil Prices Surge Past $100/Barrel for First Time Since 2022 as Iran Conflict Escalates

Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January

Pension Assets Hit N28.03trn in January as 400,000 New Contributors Join

The shift was evident on a monthly basis as well. In October 2025 alone, the US recorded a $162 million surplus, exporting $532 million worth of goods while importing $369 million. This represented a 40% month-on-month improvement from September’s $116 million surplus. Year-on-year, October exports surged 80.3% ($237 million higher than October 2024), while imports declined 7.3% ($29 million lower).

The trade turnaround has had a notable impact on US–Africa trade dynamics. While the United States still ran a $3.74 billion goods trade deficit with the African continent overall in the first ten months of 2025 (exports $34.08 billion, imports $37.82 billion), Nigeria’s surplus offset nearly 28% of that shortfall. Without Nigeria’s $1.447 billion positive balance, the US deficit with Africa would have widened to approximately $5.18 billion.

Nigeria accounted for 17.4% of all US exports to Africa ($5.94 billion) and 11.9% of US imports from the continent ($4.49 billion). In October, Nigeria represented 15.6% of US exports to Africa and 12.8% of imports, and contributed roughly 31% of the continent’s monthly US trade surplus.

Among major African trading partners, only Egypt delivered a larger surplus to the US in 2025 ($5.43 billion), with exports of $7.88 billion and imports of $2.44 billion. South Africa remained a significant drag, contributing a $9.22 billion deficit, while Algeria posted a $1.09 billion shortfall.

The sharp rise in US exports to Nigeria coincides with the implementation of President Donald Trump’s reciprocal tariff regime, which raised Nigeria’s tariff rate on non-oil exports from 14% to 15% effective August 7, 2025. Crude oil shipments have largely been exempted from the higher duties, but the policy appears to have dampened demand for other Nigerian goods in the US market, contributing to the import decline that underpinned the surplus.

Analysts say the data reflects broader shifts in global trade flows under the current US administration’s tariff-focused approach. While the surplus benefits the US trade balance, it highlights Nigeria’s continued reliance on oil exports and vulnerability to external policy changes. Diversifying export products and strengthening non-oil trade ties will be critical to narrowing the bilateral gap in the long term.

The figures also underscore Nigeria’s growing weight in US–Africa trade relations. As one of the few major African economies delivering a surplus to Washington, Nigeria’s performance has helped soften the overall continental deficit picture at a time when protectionist policies are reshaping global supply chains.

Tags: US
Previous Post

Nigeria Customs Service Surpasses N7.2 Trillion Revenue Target in 2025

Next Post

National Grid Collapses Again, Plunging Nigeria into Nationwide Blackout

Related News

Angola Surpasses Nigeria, Becomes Africa’s Largest Oil Producer in August

Oil Prices Surge Past $100/Barrel for First Time Since 2022 as Iran Conflict Escalates

by Akpan Edidong
March 9, 2026
0

Crude oil prices rocketed above $100 per barrel on Sunday evening and into Monday, marking the first breach of that...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January

by Stephen Akudike
March 9, 2026
0

The Nigerian naira extended its recent downward drift, closing the trading week at N1,398 per US dollar in the official...

Pension Assets Hit N28.03trn in January as 400,000 New Contributors Join

by Jide Omodele
March 9, 2026
0

Nigeria's pension industry launched 2026 on a strong footing, with total assets under management surging by N580 billion in January...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Climbs 2.14% WoW to 196,968 Amid Oil Price Surge

by Stephen Akudike
March 9, 2026
0

The Nigerian Exchange (NGX) wrapped up last week on a positive note, with the benchmark All-Share Index (ASI) advancing 2.14%...

Next Post
 Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%

National Grid Collapses Again, Plunging Nigeria into Nationwide Blackout

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Angola Surpasses Nigeria, Becomes Africa’s Largest Oil Producer in August

Oil Prices Surge Past $100/Barrel for First Time Since 2022 as Iran Conflict Escalates

March 9, 2026
Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January

March 9, 2026

Popular Story

  • Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

    NGX All-Share Index Climbs 2.14% WoW to 196,968 Amid Oil Price Surge

    0 shares
    Share 0 Tweet 0
  • Pension Assets Hit N28.03trn in January as 400,000 New Contributors Join

    0 shares
    Share 0 Tweet 0
  • Oil Prices Surge Past $100/Barrel for First Time Since 2022 as Iran Conflict Escalates

    0 shares
    Share 0 Tweet 0
  • Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January

    0 shares
    Share 0 Tweet 0
  • CBN set to issue guidelines to regulate FinTechs

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>