Poly(buthylene terephthalate)(PBT)/single wall carbon nanotubes (SWCNTs) composite nanofibers were prepared by electrospinning. The effect of carbon nanotubes on the morphology, crystallization, and mechanical properties of the electrospun composite nanofibers were investigated by SEM, DSC, and tensile testing, respectively. SEM observations indicated that the presence of SWCNTs resulted in finer nanofibers for lower loading; however, a broader distribution, especially for the higher diameter ranges was found for nanofibers with higher amounts of carbon nanotubes. SWCNTs accelerated crystallization and acted as a nucleating agent; the degree of crystallinity increased with increasing content of SWCNTs, followed by a moderate decrease at higher content. Specific tensile strength and modulus of the PBT/SWCNTs composite nanofibers mats were higher than that of neat PBT nanofibers mat. However, the elongation at break of composite nanofibers mats was lower than that of the neat PBT nanofibers mat.