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U.S. records $576 million trade surplus with Nigeria amid tariff pressures

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U.S. records $576 million trade surplus with Nigeria amid tariff pressures

The United States has recorded a trade surplus of $576 million with Nigeria in the first half of 2025, a significant turnaround from a deficit of $779 million in the same period in 2024. Data from the Census Bureau and the Bureau of Economic Analysis show that American exports to Nigeria increased by 41%, reaching $6 billion in the first half of 2025, while imports decreased by 12% to $5 billion.

This shift has transformed Nigeria from a deficit position to a net surplus partner for Washington. In comparison to other African countries, Egypt posted the largest surplus of $9 billion in the first half of 2025, while South Africa saw its deficit with the U.S. almost double.

The trade balance with Nigeria has shifted amidst new tariff measures implemented by Washington, putting pressure on exporters in the region. Despite this, Egypt's resilient and diversified exports have helped maintain a positive trade balance.

Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.

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