Nigeria
U.S. Trade with Nigeria in 2023
Export Market Rank
#52 Among U.S. Agricultural Export Markets
Total Export Value
$228.81 Million
3-Year Average
$517.31 Million
Compound Average Growth
-12.65% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Nigeria in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Wheat | $146.78 Million | 406,569 | $397.07 Million | -79% |
| Food Preparations | $24.35 Million | 4,966 | $18.27 Million | 105% |
| Ethanol (non-bev.) | $20.57 Million | --- | $43.59 Million | -44% |
| Coarse Grains (excl. corn) | $10.85 Million | 31,164 | $1.46 Million | 72209% |
| Essential Oils | $4.8 Million | 466 | $3.01 Million | 138% |
| Wine & Related Products | $4.7 Million | --- | $14.85 Million | -78% |
| Distilled Spirits | $3.05 Million | --- | $2.32 Million | 65% |
| Tobacco | $2.28 Million | 879 | $5.77 Million | -81% |
| Dairy Products | $2.15 Million | 1,105 | $6.32 Million | -83% |
| Other Intermediate Products | $1.82 Million | 745 | $6.24 Million | -5% |
Data and Analysis
This report provides information on the food and agricultural laws and regulations to import food into Nigeria. Laws regulating and monitoring food safety standards and practices were updated in Section 1. Labeling requirements were revised in Section II in line with the most recent regulation changes.
FAS-Lagos forecasts a 6 percent decrease in raw sugar imports in marketing year (MY) 2024/25 due to the scarcity of foreign exchange and the projected decrease in consumption.
Due to higher input costs associated with planting corn, rice, and other crops, soybean and peanut production is expected to increase in marketing year (MY) 2024/25. Private sector investors are expanding oil palm production and increasing processing capacity to take advantage of strong demand and high prices.
News and Features
USDA and USAID will deploy $1 billion in Commodity Credit Corporation funding to purchase U.S.-grown commodities to provide emergency food assistance to people in need throughout the world.
News Release
Biden-Harris Administration Invests $178 Million in International Food for Progress Projects
USDA will invest $178 million in seven international development projects on four continents to support U.S. government priorities including promoting climate-smart agriculture, facilitating trade and addressing the root causes of migration in Central America.
Private exporters reported the following activity: 132,000 MT of soybeans for delivery to China during MY 2022/2023 and 120,000 MT of hard red winter wheat for delivery to Nigeria - 60,000 MT is for delivery during MY 2021/2022 and 60,000 MT is for delivery during MY 2022/2023.