US-Nigeria trade between 2005 and 2017

0
413

2008 was highest with $38Bn, 2015 lowest with $1.92Bn

The volume of Nigeria’s bilateral trade with the United States has continued to be on a downward trend due to the advent of shale oil resources, which resulted to total stoppage of the U.S imports of crude oil from Nigeria.

Before now, the trade relationship between the two countries used to be in favour of Nigeria. But since the U.S halted importation from the country, the balance of trade has tilted in favour of the North American economy.

The highest was in 2008 with $38Bn while 2015 was the lowest with less than $2Bn US import from Nigeria.