The United States reduced its imports of Nigerian crude oil by nearly half in January 2026, as shifting trade dynamics saw other African exporters gain market share.
The United States sharply reduced its imports of Nigerian crude oil in January 2026, with volumes dropping by about 47 per cent month-on-month, according to official trade data. Imports fell from 3.149 million barrels in December 2025 to 1.664 million barrels, reflecting a significant decline in Nigeria’s share of the U.S. oil market.
The drop was also evident in value terms, as imports declined from over $217 million to about $116 million within the same period. Despite Nigeria’s increased crude production, the country lost market share to African peers such as Angola and Ghana, which recorded increased exports to the U.S. during the period.
Analysts attribute the trend to shifting global trade dynamics, including U.S. import patterns and policy changes under Donald Trump. While crude oil remains Nigeria’s main export to the U.S., experts say limited diversification and trade barriers could continue to affect demand, even as overall production rises.