Nigeria earned $2.21 billion from crude oil exports to the United States between January and July 2025, according to new figures from the US Census Bureau and Bureau of Economic Analysis.
Gatekeepers News reports that the earnings reflect a 22 percent decline compared to the $2.83 billion recorded in the same period of 2024 on a cost, insurance, and freight (CIF) basis.
Data also showed that export volumes dropped by 8.8 percent, with 28.7 million barrels shipped this year against 31.5 million barrels last year.
Despite the fall, Nigeria remained the US’s largest African supplier of crude oil, ahead of Libya, Angola, and Ghana. On a customs value basis, the exports were worth $2.16 billion, while the landed CIF value stood at $2.21 billion.
Monthly figures revealed sharp swings: June was the strongest month, with 6.95 million barrels shipped and valued at $496 million (CIF), while July saw a steep fall to 4.4 million barrels worth $336 million.
By comparison, Libya earned $729.3 million, Angola $426.6 million, and Ghana $225.8 million over the same seven months. Collectively, African crude exports to the US stood at $3.82 billion, with Nigeria contributing more than half.
According to Nigerian Bureau of Statistics (NBS), crude oil remained Nigeria’s top export commodity in Q2 2025, generating N11.96 trillion and accounting for 52.6 percent of total exports.
Notably, on September 16, the US also received its first petrol shipment from the Dangote refinery.
