The United States significantly reduced its imports of Nigerian crude oil in January 2026, with purchases dropping by over 47 percent compared to December, according to newly released trade data.
Figures show that crude shipments from Nigeria to the U.S. declined sharply from 3.149 million barrels in December 2025 to 1.664 million barrels in January 2026, reflecting a major contraction in export volume within just one month. The value of these imports also fell considerably, indicating weaker trade activity between both countries during the period.
Overall U.S. crude oil imports also experienced a slight decline during the same timeframe, but Nigeria’s drop was far more pronounced. This led to a noticeable reduction in Nigeria’s share of the American crude market, which fell below one percent in January.
Within Africa, Nigeria faced increased competition from other oil-producing countries. Angola recorded a strong rise in exports to the U.S., while Ghana emerged as a new supplier. Libya, however, saw a decrease in its shipments during the period.
Despite the decline in exports to the U.S., crude oil remained Nigeria’s main export to the country, accounting for a large portion of total trade. However, its dominance slightly reduced as overall export values dropped. Meanwhile, the U.S. recorded a higher trade surplus with Nigeria, driven by increased American exports.
Data also showed that Nigeria’s crude production rose slightly in January, even as export volumes to the U.S. declined. This suggests that factors beyond production levels, such as global trade dynamics and shifting demand, may have influenced the drop in imports.
In addition, global trade policies linked to former U.S. President Donald Trump have continued to shape international trade patterns. Although crude oil has largely been exempt from tariff measures, broader trade restrictions and uncertainties have affected demand for Nigerian exports, particularly in non-oil sectors.
Experts noted that Nigeria’s trade relationship with the U.S. remains limited in scope, with crude oil dominating exports. They also highlighted that visa restrictions and reduced business mobility may pose longer-term challenges to strengthening trade ties between both countries.
