| March 2012 |
Total Exports To Nigeria
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Wheat, meslin | $241,062,077 |
2 | Motor vehicles for transporting people | $227,969,718 |
3 | Oil, not crude | $82,729,564 |
4 | Tractors | $38,565,118 |
5 | Parts for heavy machinery | $36,504,180 |
6 | Centrifuges, filters, machines and parts | $27,938,420 |
7 | Motor vehicle parts | $15,170,343 |
8 | Ethyl alcohol | $14,218,170 |
9 | Polymers of vinyl chloride | $13,034,138 |
10 | Aircraft | $12,660,589 |
Total Imports From Nigeria
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Oil | $3,920,792,100 |
2 | Oil, not crude | $227,113,495 |
3 | Petroleum gases, other gaseous hydrocarbons | $26,742,083 |
4 | Cocoa Beans | $12,721,239 |
5 | Rubber | $9,722,529 |
6 | Imports of returned exports | $3,420,315 |
7 | Preparations for animal feeding | $2,302,100 |
8 | Live crustaceans | $1,177,560 |
9 | Coconuts, brazil nuts, cashew nuts | $978,948 |
10 | Chemical compounds | $890,990 |
| March 2012 |
Top Nigeria Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | Houston | $2,539,494,636 |
2 | Philadelphia | $867,785,345 |
3 | New Orleans | $664,415,004 |
4 | New York City | $551,502,992 |
5 | Mobile | $177,539,668 |
6 | Baltimore | $84,073,470 |
7 | Jacksonville/Tampa | $76,414,159 |
8 | Atlanta/Savannah | $73,139,624 |
9 | Port Arthur, Texas | $57,729,462 |
10 | San Juan | $43,675,847 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Nigeria’s trade rose to $5,256,711,282 through March
Nigeria’s trade with the United States rose to $5,256,711,282 through the first three months of 2012, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s -47.77 percent below its total trade during the same time period last year. Nigeria’s exports decreased -3.97 percent while imports dropped -53.09 percent. The U.S. deficit with Nigeria was $3,165,069,064.
Through March, Nigeria’s top U.S. Customs districts for total imports and exports were No. 1 Houston, No. 2 Philadelphia, No. 3 New Orleans, No. 4 New York City and No. 5 Mobile compared to last year when the top spots were held by No. 1 Philadelphia, No. 2 Houston, No. 3 New Orleans, No. 4 New York City and No. 5 Mobile. In the current time period, the top five accounted for 9.50 percent of Nigeria’s U.S. trade.. That compares to 109.66 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with Nigeria,:
- Trade with No. 1 Houston fell -7.36 percent to $2,539,494,636.
Exports fell -10.66 percent to $501,442,513. Imports fell -6.51 percent to $2,038,052,123. - Trade with No. 2 Philadelphia fell -71.30 percent to $867,785,345.
Exports rose 28.80 percent to $6,666,898. Imports fell -71.48 percent to $861,118,447. - Trade with No. 3 New Orleans fell -66.85 percent to $664,415,004.
Exports fell -18.66 percent to $43,489,579. Imports fell -68.17 percent to $620,925,425. - Trade with No. 4 New York City fell -47.88 percent to $551,502,992.
Exports fell -4.00 percent to $133,901,377. Imports fell -54.54 percent to $417,601,615. - Trade with No. 5 Mobile fell -72.68 percent to $177,539,668.
Exports fell -86.23 percent to $5,644,997. Imports fell -71.77 percent to $171,894,671.
Through March, 23 Customs districts posted trade surpluses with Nigeria while 10 had deficits. That compares with 26 surpluses and 10 deficits for the same period one year ago. The top surplus was with Baltimore at $84,039,810, the largest deficit was with Houston at $-1,536,609,610.
Meanwhile, total U.S. trade with the world increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700; imports rose 5.09 percent to $43,800,507,934. The nation’s top five countries so far this year, by value, are Canada, Mexico, China, Japan and Germany. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
The top five U.S. exports to Nigeria by value through March were wheat, meslin; motor vehicles for transporting people; oil, not crude; tractors; and parts for heavy machinery, respectively. They accounted for 59.94 percent of total exports to Nigeria.
The value of the top five U.S. imports from Nigeria -- oil; oil, not crude; petroleum gases, other gaseous hydrocarbons; cocoa beans; and rubber -- accounted for 99.67 percent of all inbound shipments.
Looking more closely at U.S. exports to Nigeria:
- Wheat, meslin fell -20.58 percent compared to last year to $241,062,077.
- Motor vehicles for transporting people rose 42.73 percent compared to last year to $227,969,718.
- Oil, not crude fell -52.40 percent compared to last year to $82,729,564.
- Tractors rose 202.92 percent compared to last year to $38,565,118.
- Parts for heavy machinery rose 8.67 percent compared to last year to $36,504,180.
Looking more closely at U.S. imports from Nigeria
- Oil fell -54.08 percent compared to last year to $3,920,792,100.
- Oil, not crude fell -43.26 percent compared to last year to $227,113,495.
- Petroleum gases, other gaseous hydrocarbons rose compared to last year to $26,742,083.
- Cocoa Beans rose 26.30 percent compared to last year to $12,721,239.
- Rubber rose 41.05 percent compared to last year to $9,722,529.
In the latest annual figures available, Nigeria recorded $10,065,160,350 in trade with the United States. At year’s end, its top five Customs districts were Houston, Philadelphia, New Orleans, New York City and Mobile. Total U.S. exports to Nigeria were $4,814,874,813 and imports from Nigeria were $33,738,304,286. The U.S. deficit with Nigeria was $-28,923,429,473.