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Pricing

2022
Flag → Flag
Exports $4.42MRnk 83 / 166
2022
Flag → Flag
Top Product $2.1MRubber
2022
Flag → Flag
Exports $30.9MRnk 86 / 196
2022
Flag → Flag
Top Product $4.91MValves
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH68.2%CURRENT US$
Rnk 30 / 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$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Nigeria-Romania Trade: In 2022, Nigeria exported $4.42M to Romania. The main products that Nigeria exported to Romania were Rubber ($2.1M), Polyacetals ($789k), and Other Oily Seeds ($683k). Over the past 5 years the exports of Nigeria to Romania have increased at an annualized rate of 16.8%, from $2.03M in 2017 to $4.42M in 2022.

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

Romania-Nigeria Trade: 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). Over the past 5 years the exports of Romania to Nigeria have decreased at an annualized rate of 7.55%,  from $45.8M in 2017 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 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), 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 5 years the exports of Nigeria to Romania have increased at an annualized rate of 16.8%, from $2.03M in 2017 to $4.42M in 2022.

In 2017, 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 5 years the exports of Romania to Nigeria have decreased at an annualized rate of 7.55%, from $45.8M in 2022 to $30.9M in 2017.

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 DestinationSpain$9.41B
Romania
Top DestinationGermany$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 2022, countries that imported more from Nigeria than Romania included India ($8.2B), Spain ($9.41B), and Indonesia ($3.83B).

In 2022, countries that imported more from Romania than Nigeria included 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 2017, Romania had a large net trade with Nigeria in the exports of Machines ($12.8M), Metals ($5.55M), and Transportation ($3.98M).

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.

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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) (2022)

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