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Pricing

2022
Flag → Flag
Exports $2.2MRnk 94 / 166
2022
Flag → Flag
Top Product $1.05MPaper Containers
2022
Flag → Flag
Exports $165MRnk 62 / 217
2022
Flag → Flag
Top Product $21.9MLight Pure Woven Cotton
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Nigeria-Austria Trade: In 2022, Nigeria exported $2.2M to Austria. The main products that Nigeria exported to Austria were Paper Containers ($1.05M), Polyacetals ($551k), and Raw Lead ($91.6k). Over the past 5 years the exports of Nigeria to Austria have decreased at an annualized rate of 60.5%, from $228M in 2017 to $2.2M in 2022.

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

Austria-Nigeria Trade: In 2022, Austria exported $165M to Nigeria. The main products that Austria exported to Nigeria were Light Pure Woven Cotton ($21.9M), Embroidery ($20.9M), and Electric Generating Sets ($11.8M). Over the past 5 years the exports of Austria to Nigeria have increased at an annualized rate of 8.73%,  from $109M in 2017 to $165M in 2022.

In 2020, Austria exported services to Nigeria worth $30.8M, with Computer and information services ($21.7M), Other business services ($5.71M), and Transportation ($1.14M) being the largest in terms of value.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $2.2M to Austria. The main products exported from Nigeria to Austria were Paper Containers ($1.05M), Polyacetals ($551k), and Raw Lead ($91.6k). During the last 5 years the exports of Nigeria to Austria have decreased at an annualized rate of 60.5%, from $228M in 2017 to $2.2M in 2022.

In 2017, Austria exported $165M to Nigeria. The main products exported from Austria to Nigeria were Light Pure Woven Cotton ($21.9M), Embroidery ($20.9M), and Electric Generating Sets ($11.8M). During the last 5 years the exports of Austria to Nigeria have increased at an annualized rate of 8.73%, from $109M in 2022 to $165M in 2017.

Exports from Nigeria (Flag) to Austria (Flag) (2022)

Exports from Austria (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Austria (Flag)

Nigeria Exports

Austria Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Nigeria than Austria included India ($8.2B), Spain ($9.41B), and Indonesia ($3.83B).

In 2022, countries that imported more from Austria than Nigeria included Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

Difference in imports from Austria (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Austria

Flow
Scale

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

During 2022, Nigeria had a large net trade with Austria in the exports of Paper Goods ($1.05M), Plastics and Rubbers ($594k), and Machines ($165k).

During 2017, Austria had a large net trade with Nigeria in the exports of Machines ($68.6M), Textiles ($46.2M), and Paper Goods ($10.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Austria+$647kPolyacetals
Top Product Potential Austria Nigeria+$10.2MTelephones

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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Bilateral Service Trade

In 2020, Austria exported services to Nigeria worth $30.8M, with Computer and information services ($21.7M), Other business services ($5.71M), and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to Nigeria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Nigeria (Flag) and Austria (Flag) (2022)

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