NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $10.7MRnk 71 / 159
2023
Flag → Flag
Top Product $8.26MNitrogenous Fertilizers
2023
Flag → Flag
Exports $32.2MRnk 87 / 199
2023
Flag → Flag
Top Product $4.94MAir Pumps
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Nigeria-Romania Trade: In 2023, Nigeria exported $10.7M to Romania. The main products that Nigeria exported to Romania were Nitrogenous Fertilizers ($8.26M), Wood Charcoal ($1.05M), and Other Oily Seeds ($846k). Over the past 5 years the exports of Nigeria to Romania have decreased at an annualized rate of 31.1%, from $68.9M in 2018 to $10.7M in 2023.

In 2023, Nigeria did not export any services to Romania.

Romania-Nigeria Trade: In 2023, Romania exported $32.2M to Nigeria. The main products that Romania exported to Nigeria were Air Pumps ($4.94M), Electrical Control Boards ($4.58M), and Valves ($4.24M). Over the past 5 years the exports of Romania to Nigeria have decreased at an annualized rate of 14.2%,  from $69.2M in 2018 to $32.2M in 2023.

In 2020, Romania exported services to Nigeria worth $5.6M, with Other business services ($4.23M), Computer and information services ($685k), and Travel ($457k) being the largest in terms of value.

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $10.7M to Romania. The main products exported from Nigeria to Romania were Nitrogenous Fertilizers ($8.26M), Wood Charcoal ($1.05M), and Other Oily Seeds ($846k). During the last 5 years the exports of Nigeria to Romania have decreased at an annualized rate of 31.1%, from $68.9M in 2018 to $10.7M in 2023.

In 2018, Romania exported $32.2M to Nigeria. The main products exported from Romania to Nigeria were Air Pumps ($4.94M), Electrical Control Boards ($4.58M), and Valves ($4.24M). During the last 5 years the exports of Romania to Nigeria have decreased at an annualized rate of 14.2%, from $69.2M in 2023 to $32.2M in 2018.

Exports from Nigeria (Flag) to Romania (Flag) (2023)

Exports from Romania (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and Romania (Flag)

Nigeria Exports

Romania Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Nigeria than Romania included Indonesia ($3.44B), India ($3.64B), and Spain ($5.76B).

In 2023, countries that imported more from Romania than Nigeria included Germany ($19.9B), Italy ($10.2B), and Hungary ($4.22B).

Difference in imports from Romania (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - Romania

Flow
Scale

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

During 2023, Nigeria had a large net trade with Romania in the exports of Chemical Products ($8.3M), Wood Products ($1.05M), and Vegetable Products ($956k).

During 2018, Romania had a large net trade with Nigeria in the exports of Machines ($23.4M), Plastics and Rubbers ($2.48M), and Wood Products ($1.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Romania+$1.24MRubber
Top Product Potential Romania Nigeria+$9.65MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Romania exported services to Nigeria worth $5.6M, with Other business services ($4.23M), Computer and information services ($685k), and Travel ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania (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 Romania. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and Romania (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms