Austria / Nigeria

Austria-Nigeria Trade: In 2023, Austria exported $175M to Nigeria. The main products that Austria exported to Nigeria were Electric Generating Sets ($24.4M), Light Pure Woven Cotton ($24.1M), and Embroidery ($20.1M). Over the past 5 years the exports of Austria to Nigeria have increased at an annualized rate of 14.5%, from $89.2M in 2018 to $175M in 2023.

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.

Nigeria-Austria Trade: In 2023, Nigeria exported $27.2M to Austria. The main products that Nigeria exported to Austria were Nitrogenous Fertilizers ($19.8M), Cocoa Beans ($4.16M), and Spark-Ignition Engines ($476k). Over the past 5 years the exports of Nigeria to Austria have decreased at an annualized rate of 35.4%,  from $242M in 2018 to $27.2M in 2023.

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

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).