U.S. Cuts Nigerian Crude Oil Imports by Nearly 50%

In January 2026, the United States cut its crude oil imports from Nigeria by nearly 50%, with imports falling to 1.664 million barrels from 3.149 million barrels in December 2025, marking a decline of 1.485 million barrels within one month. This reduction represents a 47.16% drop month-on-month, according to data from the U.S.

Census Bureau and the U.S. Bureau of Economic Analysis.

The value of Nigerian crude imports also decreased sharply, with customs value dropping from $217.36 million in December to $115.99 million in January. The cost, including insurance and freight, fell from $223.10 million to $118.95 million during the same period.

Nigeria's share of the U.S. crude market weakened, accounting for approximately 0.88% of total U.S. crude imports in January, down from 1.59% in December. Overall, the U.S. recorded a trade surplus with Nigeria of $419 million in January 2026, despite the decline in crude oil imports.