More

    U.S. Cuts Nigerian Imports by 41%

    The United States has reduced its imports of Nigerian goods by 41 percent in July 2025, intensifying concerns over strained trade relations between both countries.

    According to data from the U.S. Census Bureau and Bureau of Economic Analysis, imports from Nigeria fell sharply from $639 million in June to $379 million in July. 

    U.S. exports to Nigeria also declined during the same period, dropping from $919 million to $584 million, though Washington still maintained a trade surplus of $206 million.

    Between January and July 2025, U.S. exports to Nigeria totaled $3.92 billion, while imports stood at $3.14 billion, leaving Washington with a cumulative surplus of $781 million. 

    Don’t Miss This: Burkina Faso Scraps Visa Fees for African Citizens

    However, July’s downturn underscores the volatility of Nigeria’s trade with its largest Western partner.

    The decline comes as U.S. President Donald Trump reintroduced tariff measures in late July under his “reciprocal tariff” regime, raising duties on Nigerian exports from 14 percent in April to 15 percent. 

    Although crude oil—the backbone of Nigeria’s exports—remains partly exempt, the uncertainty has dampened demand for non-oil products such as agricultural produce, leather, and manufactured goods.

    While Nigeria faced reduced access to the American market, U.S. imports from Africa as a whole actually rose from $3.67 billion in June to $4.47 billion in July, highlighting Nigeria’s increasingly fragile position in continental trade.

    Meanwhile, America’s global trade deficit widened to $78.3 billion in July, up from $59.1 billion in June, driven by surging imports from Asia and Europe.

    Analysts say the U.S. move reflects Washington’s push to shield domestic industries, but for Nigeria, it signals diminishing opportunities in one of its most vital trade corridors.

    Image Credit: thisisradionow.com

    Sign up for our free Daily newsletter

    We'll be in your inbox every morning Monday-Saturday with top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.

    Related Posts

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest

    Getting Around at Your Destination

    Reaching your destination is just the first step; navigating it efficiently determines whether your trip feels seamless or stressful.  Understanding local transport options and planning...

    Meet Visionary Designing Sudan’s Tech Renaissance from the Ground Up – Tarneem Saeed

    In the midst of Sudan’s shifting political and economic landscape, one woman has been quietly building a bridge between technology and opportunity.  Tarneem Saeed, the...

    LG Unveils AI-Powered Smart Home Innovations

    LG Electronics has introduced a new range of artificial intelligence-driven home solutions at InnoFest 2026 in Abu Dhabi and Mega HORECA 2026 in Nigeria,...

    US Capital Inflows into Nigeria Surge 566% to $2.23bn

    Investors from the United States channelled $2.23bn into Nigeria’s economy in the first nine months of 2025, marking a dramatic 566.02 per cent increase...

    Oando to Distribute Over 600 Million Shares in Second Tranche

    Oando Plc has announced plans to move forward with the second tranche of its share distribution programme, with more than 600 million ordinary shares...