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

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

FG Dismisses Plans for New Taxes on Fuel and Telecoms

Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

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

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

by Victoria Attah
June 18, 2026
0

The Federation Account Allocation Committee (FAAC) has distributed N2.3 trillion from May 2026 revenue to the Federal Government, states, and...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Dismisses Plans for New Taxes on Fuel and Telecoms

by Victoria Attah
June 18, 2026
0

The Federal Government has strongly refuted reports claiming it intends to introduce new taxes on petroleum products and telecommunications services,...

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

by Jide Omodele
June 18, 2026
0

Nigeria posted a significantly stronger external position in the first quarter of 2026, with the current account recording a surplus...

IMF Warns Rising Stablecoin Use Could Weaken Naira Demand and Monetary Policy

by Bolarinwa Mathew
June 16, 2026
0

The International Monetary Fund (IMF) has raised concerns over the rapid adoption of U.S. dollar-denominated stablecoins in Nigeria, warning that...

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

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

June 18, 2026
2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Dismisses Plans for New Taxes on Fuel and Telecoms

June 18, 2026

Popular Story

  • FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

    FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

    0 shares
    Share 0 Tweet 0
  • Naira Weakens to N1,361.5/$ as FX Market Turnover Drops Sharply

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

    0 shares
    Share 0 Tweet 0
  • FG Dismisses Plans for New Taxes on Fuel and Telecoms

    0 shares
    Share 0 Tweet 0
  • CBN to roll over N33.8bn Treasury bills

    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}
?>