2022
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GDP
$477BCURRENT US$
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2012-2022
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GDP GROWTH
2.89%CURRENT US$
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2022
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 GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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GDP PC 
$2,184CURRENT US$
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GDP PC GROWTH
-19.9%CURRENT US$
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2022
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GDP PC
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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About

Nigeria-Romania In 2022, Nigeria exported $4.42M to Romania. The main products that Nigeria exported to Romania are Rubber ($2.1M), Polyacetals ($789k), and Other Oily Seeds ($683k). During the last 27 years the exports of Nigeria to Romania have decreased at an annualized rate of 2.84%, from $9.64M in 1995 to $4.42M in 2022.

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

Romania-Nigeria In 2022, Romania exported $30.9M to Nigeria. The main products that Romania exported to Nigeria were Valves ($4.91M), Iron Pipes ($4.14M), and Planes, Helicopters, and/or Spacecraft ($3.2M). During the last 27 years the exports of Romania to Nigeria have increased at an annualized rate of 0.49%, from $27.1M in 1995 to $30.9M in 2022.

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 2022,  Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Romania ranked 22 in the Economic Complexity Index (ECI 1.05), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $4.42M to Romania. The main products exported from Nigeria to Romania were Rubber ($2.1M), Polyacetals ($789k), and Other Oily Seeds ($683k). During the last 27 years the exports of Nigeria to Romania have decreased at an annualized rate of 2.84%, from $9.64M in 1995 to $4.42M in 2022.

In 2022, Romania exported $30.9M to Nigeria. The main products exported from Romania to Nigeria were Valves ($4.91M), Iron Pipes ($4.14M), and Planes, Helicopters, and/or Spacecraft ($3.2M). During the last 27 years the exports of Romania to Nigeria have increased at an annualized rate of 0.49%, from $27.1M in 1995 to $30.9M in 2022.

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

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

Latest Data

Trade between Nigeria (Flag) and Romania (Flag)

Nigeria Exports

Romania Exports

Market Competitiveness

Color
Nigeria
Top Destination
Spain$9.41B
Romania
Top Destination
Germany$18.8B

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 2021, countries that imported more from Nigeria than Romania were India ($8.2B), Spain ($9.41B), and Indonesia ($3.83B).

In 2021, countries that imported more from Romania than Nigeria were Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

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 2022, Nigeria had a large net trade with Romania in the exports of Plastics and Rubbers ($2.96M), Vegetable Products ($749k), and Wood Products ($615k).

During 2022, Romania had a large net trade with Nigeria in the exports of Machines ($12.8M), Metals ($5.55M), and Transportation ($3.98M).

Service Trade

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)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Nigeria has comparative advantage over Romania. Similarly, the more yellow a dot/product is, the more Romania has comparative advantage over Nigeria.

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

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