Trade in goods with USA SITC (Standard International Trade Classification)
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Nigeria trade flows with USA by SITC*) product sections during 2021/11 - 2022/3

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2021/11
%		2021/12
%		2022/1
%		2022/2
%		2022/3
%
Export0.2 0.2 0.3 0.2 0.2
Import0.1 0.1 0.0 0.2 0.1
Trade in Goods0.1 0.1 0.1 0.2 0.1

USA's foreign trade with Nigeria, exports to Nigeria and imports from Nigeria in March 2022


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In March Nigeria was USA's 62. most important foreign trade partner. Weakening from the previous month was 8 places. Trade in goods between the countries of the month was considerably lower than in in March of the previous year. The value of the trade was $537 million and the drop was 21.3 %. During the month, the balance of trade with Nigeria was $27 million of surplus.

The value of imports from Nigeria decreased by 21.0 per cent compared to in March of the previous year, thus amounting to $255 million in March 2022. More than half of the value of imports was in Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude) representing a share of 62.8 per cent. The second major category of imports was Sitc562 (fertilizers (other than those of group 272)), corresponding to the share of 25.6 per cent of imports.

The value of exports to Nigeria declined by 21.6 per cent compared to in March of the previous year, thus amounting to $282 million in March 2022. The largest product groups of exports were: Sitc781 (motor cars and other motor vehicles principally designed for the transport of persons (other than motor vehicles for the transport of ten or more persons, including the driver), including station-wagons and racing cars), which represented a share of 21.8 per cent of total exports, Sitc334 (petroleum oils and oils obtained from bituminous minerals (other than crude); preparations, n.e.s., containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the prepar) 14.2 % and Sitc041 (wheat (including spelt) and meslin, unmilled) 13.6 % of the exports.

Development during January-March 2022

During January-March trade in goods with Nigeria has grown slower than USA's trade in goods with the rest of the world. During January-March, the value of trade in goods between the two countries rose to $1.8 billion. Growth compared to the corresponding period of the previous year was 11.4 percent. During January-March the value of imports was $728 million. The export value was $1.0 billion. Compared to the corresponding period of the previous year, the value of imports increased by 6.5 % and the value of exports by 15.2 %. The largest product group in terms of imports has been Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude), worth $523 million. In export the largest value had Sitc781 (motor cars and other motor vehicles principally designed for the transport of persons (other than motor vehicles for the transport of ten or more persons, including the driver), including station-wagons and racing cars), worth being $163 million. The trade balance between USA and Nigerian between January and March was in surplus for USA. The timing surplus was $297 million.


Table: USA's export to Nigeria (NG) during 2021/11 - 2022/3

2021 / 112021 / 122022 / 12022 / 22022 / 3
million $%million $%million $%million $%million $%
0. Food and live animals 40.2 13.5 54.0 16.8 31.5 7.7 63.3 18.9 42.8 15.2
03. Fish and fish preparations 0.8 0.3 0.3 0.1 0.2 0.0 0.0 0.0 0.1 0.1
04. Cereals and cereal preparations 36.1 12.1 51.0 15.8 29.0 7.1 61.2 18.3 38.4 13.6
09. Miscellaneous edible products and preparations 2.6 0.9 2.1 0.7 1.5 0.4 1.5 0.4 3.9 1.4
1. Beverages and tobacco 1.8 0.6 0.3 0.1 6.9 1.7 1.9 0.6 1.5 0.5
11. Beverages 1.0 0.3 0.1 0.0 6.3 1.5 1.9 0.6 1.3 0.5
12. Tobacco and tobacco manufactures 0.8 0.3 0.2 0.1 0.6 0.1 00 0.1 0.0
2. Crude materials,inedible,except fuels 2.0 0.7 3.4 1.1 3.1 0.8 4.6 1.4 3.8 1.4
25. Pulp and waste paper 1.6 0.5 2.4 0.8 2.5 0.6 2.3 0.7 2.8 1.0
26. Textile fibres and their wastes 0.3 0.1 0.9 0.3 0.6 0.1 2.0 0.6 1.0 0.3
3. Mineral fuels etc 39.1 13.2 31.1 9.7 101.3 24.8 53.0 15.8 63.6 22.5
33. Petroleum and products 0.5 0.2 19.2 6.0 73.6 18.0 37.8 11.3 39.9 14.2
34. Gas,natural and manufactured 38.7 13.0 12.0 3.7 27.6 6.8 15.2 4.5 23.6 8.4
5. Chemicals and related products,n.e.s. 69.8 23.5 96.1 29.9 140.3 34.3 44.6 13.3 37.7 13.4
51. Organic chemicals 9.6 3.2 30.8 9.6 0.8 0.2 10.8 3.2 19.1 6.8
52. Inorganic chemicals 0.8 0.3 0.4 0.1 0.1 0.0 0.0 0.0 0.0 0.0
53. Dyeing,tanning and colouring material 0.4 0.1 0.6 0.2 0.6 0.2 1.1 0.3 0.1 0.0
54. Medicinal and pharmaceutical products 45.1 15.2 51.8 16.1 126.6 30.9 21.2 6.3 1.1 0.4
55. Perfume,cleaning etc.preparations 1.4 0.5 1.2 0.4 1.4 0.3 0.5 0.2 1.6 0.6
57. Plastics in primary forms 8.6 2.9 8.4 2.6 8.9 2.2 4.9 1.5 10.2 3.6
59. Chemical materials and products,n.e.s. 3.6 1.2 3.0 0.9 1.7 0.4 5.9 1.8 5.5 1.9
6. Basic manufactures 4.6 1.6 3.4 1.1 5.5 1.3 5.0 1.5 3.6 1.3
62. Rubber manufactures,n.e.s. 0.2 0.1 0.2 0.1 0.1 0.0 0.8 0.2 0.4 0.1
64. Paper,paperboard and articles thereof 1.4 0.5 1.2 0.4 2.0 0.5 1.7 0.5 1.1 0.4
66. Non-metallic mineral manufactures,n.e.s. 0.2 0.1 0.1 0.0 0.2 0.1 0.6 0.2 0.2 0.1
67. Iron and steel 1.5 0.5 0.5 0.2 0.9 0.2 0.6 0.2 0.4 0.1
68. Non-ferrous metals 0.1 0.0 0.0 0.0 0.8 0.2 0.0 0.0 0.0 0.0
69. Manufactures of metals,n.e.s. 0.8 0.3 0.8 0.2 0.9 0.2 0.8 0.2 0.8 0.3
7. Machinery,transport equipment 130.7 44.0 124.1 38.6 107.5 26.3 155.9 46.6 115.6 41.0
71. Power generating machinery and equipment 5.1 1.7 4.8 1.5 3.1 0.7 3.0 0.9 3.0 1.1
72. Machinery for specialized industries 5.3 1.8 2.9 0.9 3.4 0.8 3.8 1.1 5.7 2.0
73. Metal working machinery 0.1 0.0 0.0 0.0 0.3 0.1 0.5 0.2 0.1 0.0
74. General industrial machinery n.e.s. 9.0 3.0 19.3 6.0 27.0 6.6 15.7 4.7 7.3 2.6
75. Office machines and adp machines 1.8 0.6 1.6 0.5 1.8 0.4 1.7 0.5 2.4 0.8
76. Telecommunications and sound recording equipment 2.4 0.8 1.2 0.4 1.5 0.4 2.2 0.7 4.1 1.5
77. Electric machinery,n.e.s.and parts 2.7 0.9 3.3 1.0 4.0 1.0 1.9 0.6 3.1 1.1
78. Road vehicles 94.2 31.7 83.2 25.9 63.3 15.5 85.1 25.4 81.8 29.0
79. Other transport equipment 10.0 3.4 7.7 2.4 3.1 0.8 41.9 12.5 8.2 2.9
8. Miscellaneous manufactured articles 5.8 2.0 6.6 2.0 9.8 2.4 4.0 1.2 10.9 3.9
84. Articles of apparel and clothing accessories 0.1 0.0 0.1 0.0 0.2 0.0 0.1 0.0 1.1 0.4
87. Instruments and apparates n.e.s. 2.4 0.8 4.5 1.4 4.7 1.1 2.0 0.6 4.6 1.6
89. Miscellaneous manufactured articles,n.e.s. 2.9 1.0 1.4 0.4 4.6 1.1 1.1 0.3 4.8 1.7
9. Goods not classified elsewhere 3.2 1.1 2.6 0.8 3.3 0.8 2.4 0.7 2.2 0.8
93. Special transactions and commodities not classified 1.0 0.3 0.1 0.0 0.2 0.1 0.2 0.1 0.2 0.1
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 2.2 0.8 2.4 0.8 3.0 0.7 2.2 0.7 2.1 0.7
0-9. All groups combined 297.4 100.0 321.8 100.0 409.2 100.0 334.7 100.0 282.0 100.0

Source: US Census Bureau

Table: Import from Nigeria (NG) to USA during 2021/11 - 2022/3

2021 / 112021 / 122022 / 12022 / 22022 / 3
million $%million $%million $%million $%million $%
0. Food and live animals 4.7 1.6 3.1 1.1 3.3 3.5 2.6 0.7 12.0 4.7
05. Vegetables and fruit 1.2 0.4 1.9 0.7 2.8 3.0 1.7 0.5 1.3 0.5
07. Coffee,tea,cocoa,spices 1.0 0.3 0.7 0.2 0.4 0.4 0.7 0.2 7.0 2.8
08. Feeding stuff for animals 2.3 0.8 00 00 0.0 0.0 3.4 1.3
2. Crude materials,inedible,except fuels 3.4 1.1 3.9 1.3 1.7 1.8 4.1 1.1 2.3 0.9
26. Textile fibres and their wastes 1.4 0.5 0.9 0.3 0.6 0.7 0.5 0.1 0.8 0.3
28. Metalliferous ores and metal scrap 1.1 0.4 1.8 0.6 00 2.3 0.6 0.7 0.3
29. Crude animal,vegetable materials n.e.s. 0.6 0.2 0.9 0.3 1.0 1.0 1.0 0.3 0.4 0.2
3. Mineral fuels etc 264.3 88.7 268.5 93.4 56.7 60.2 359.4 94.8 167.5 65.6
33. Petroleum and products 248.0 83.2 268.5 93.4 56.7 60.2 359.4 94.8 160.2 62.8
34. Gas,natural and manufactured 16.3 5.5 00 00 00 7.3 2.9
5. Chemicals and related products,n.e.s. 17.3 5.8 2.0 0.7 19.2 20.4 1.8 0.5 65.3 25.6
56. Fertilizers,manufactured 14.4 4.8 00 16.7 17.8 00 65.2 25.6
57. Plastics in primary forms 2.1 0.7 1.5 0.5 0.7 0.8 0.1 0.0 0.1 0.0
58. Plastics in non-primary forms 0.8 0.3 0.4 0.1 1.1 1.2 1.7 0.5 00
59. Chemical materials and products,n.e.s. 0.0 0.0 0.0 0.0 0.5 0.5 0.0 0.0 0.0 0.0
6. Basic manufactures 5.8 1.9 5.6 1.9 9.2 9.7 7.7 2.0 4.8 1.9
66. Non-metallic mineral manufactures,n.e.s. 0.4 0.1 1.4 0.5 2.6 2.8 0.1 0.0 0.1 0.0
68. Non-ferrous metals 5.2 1.8 4.0 1.4 6.5 6.9 7.4 2.0 4.7 1.8
8. Miscellaneous manufactured articles 1.3 0.4 2.1 0.7 1.4 1.4 1.5 0.4 1.1 0.4
89. Miscellaneous manufactured articles,n.e.s. 1.2 0.4 2.1 0.7 1.2 1.3 1.3 0.4 1.0 0.4
9. Goods not classified elsewhere 0.9 0.3 1.8 0.6 2.7 2.9 1.9 0.5 2.0 0.8
93. Special transactions and commodities not classified 0.7 0.2 1.4 0.5 2.5 2.6 1.6 0.4 1.6 0.6
0-9. All groups combined 298.0 100.0 287.5 100.0 94.2 100.0 379.2 100.0 255.1 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2022 January - March (Sitc)


Year level of Advanced Technology Products (ATP)

Advanced Technology Products (ATP) of last published months

Year 2022 January - March (ATP)

USA's Trade in Goods Start Page