Nigeria (NGA) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Nigeria-Australia Trade: In 2022, Nigeria exported $267M to Australia. The main products that Nigeria exported to Australia were Crude Petroleum ($265M), Wood Charcoal ($139k), and Fake Hair ($134k). Over the past 5 years the exports of Nigeria to Australia have decreased at an annualized rate of 5.39%, from $352M in 2017 to $267M in 2022.

In 2022, Nigeria did not export any services to Australia.

Australia-Nigeria Trade: In 2022, Australia exported $90.1M to Nigeria. The main products that Australia exported to Nigeria were Wheat ($51.4M), Concentrated Milk ($18.9M), and Delivery Trucks ($3.33M). Over the past 5 years the exports of Australia to Nigeria have decreased at an annualized rate of 12.1%, from $172M in 2017 to $90.1M in 2022.

In 2022, Australia did not export any services to Nigeria.

Comparison: In 2022, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $267M to Australia. The main products exported from Nigeria to Australia were Crude Petroleum ($265M), Wood Charcoal ($139k), and Fake Hair ($134k). During the last 5 years the exports of Nigeria to Australia have decreased at an annualized rate of 5.39%, from $352M in 2017 to $267M in 2022.

In 2017, Australia exported $90.1M to Nigeria. The main products exported from Australia to Nigeria were Wheat ($51.4M), Concentrated Milk ($18.9M), and Delivery Trucks ($3.33M). During the last 5 years the exports of Australia to Nigeria have decreased at an annualized rate of 12.1%, from $172M in 2022 to $90.1M in 2017.

Exports from Nigeria () to Australia () (2022)

Exports from Australia () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Australia ()

Nigeria Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Australia
Top DestinationChina$123B

This map shows whether countries import more from Nigeria or Australia. Each country is colored based on the difference in imports they receive from Nigeria and Australia or the difference in the growth in imports.

In 2022, countries that imported more from Nigeria than Australia included Spain ($9.41B), France ($4.95B), and Cote d'Ivoire ($1.97B).

In 2022, countries that imported more from Australia than Nigeria included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia () and Nigeria () (2022)

Comparative Advantage Nigeria - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Nigeria and Australia by product, considering products traded by both, Nigeria and Australia.

During 2022, Nigeria had a large net trade with Australia in the exports of Mineral Products ($265M), Machines ($278k), and Vegetable Products ($248k).

During 2017, Australia had a large net trade with Nigeria in the exports of Vegetable Products ($53M), Animal Products ($18.9M), and Transportation ($9.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Australia+$179MCrude Petroleum

Top Product Potential Australia Nigeria+$33.5MWheat

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Nigeria and Australia. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Nigeria.

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Australia () (2022)

Exports from Australia () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Australia ()

Nigeria Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Nigeria () (2022)

Comparative Advantage Nigeria - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nigeria () and Australia () (2022)

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