The United States imported $643.1 million worth of goods from Nigeria in the first two months of 2025, a 32% decline compared to the same period in 2024, according to data from the US International Trade Commission. The drop comes just before a new 14% tariff policy—effective April 9—by the Trump administration, raising concerns over its potential impact on Nigeria’s exports.

Despite the decline, Nigeria recorded a trade surplus of $44.3 million in 2025, recovering from a deficit in 2024. Crude oil, which is exempt from the new tariffs, accounted for over 64% of total exports, with the US importing 5.3 million barrels valued at $413.6 million during the period.

While oil and mineral exports are unaffected, experts warn that non-oil sectors—such as agriculture and manufacturing—may face increased costs and reduced competitiveness in the U.S. market. Finance Minister Wale Edun described the tariff impact as “negligible,” emphasizing Nigeria’s reliance on oil exports, which comprised 92% of its trade value with the US in 2024.

Trade between both countries totaled $1.33 billion in early 2025. Analysts continue to monitor how the tariffs will influence Nigeria’s broader economic outlook.