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2022
Flag → Flag
Exports $932kRnk 110 / 166
2022
Flag → Flag
Top Product $287kOther Oily Seeds
2022
Flag → Flag
Exports $140MRnk 65 / 218
2022
Flag → Flag
Top Product $33.9MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Nigeria-Denmark Trade: In 2022, Nigeria exported $932k to Denmark. The main products that Nigeria exported to Denmark were Other Oily Seeds ($287k), Laboratory Ceramic Ware ($284k), and Machinery Having Individual Functions ($106k). Over the past 5 years the exports of Nigeria to Denmark have decreased at an annualized rate of 55.8%, from $55.5M in 2017 to $932k in 2022.

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

Denmark-Nigeria Trade: In 2022, Denmark exported $140M to Nigeria. The main products that Denmark exported to Nigeria were Non-fillet Frozen Fish ($33.9M), Passenger and Cargo Ships ($8.14M), and Packaged Medicaments ($7.3M). Over the past 5 years the exports of Denmark to Nigeria have decreased at an annualized rate of 3.53%,  from $168M in 2017 to $140M in 2022.

In 2020, Denmark exported services to Nigeria worth $179M, with Transportation ($159M), Other business services ($9.02M), and Personal, cultural, and recreational services ($4M) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $932k to Denmark. The main products exported from Nigeria to Denmark were Other Oily Seeds ($287k), Laboratory Ceramic Ware ($284k), and Machinery Having Individual Functions ($106k). During the last 5 years the exports of Nigeria to Denmark have decreased at an annualized rate of 55.8%, from $55.5M in 2017 to $932k in 2022.

In 2017, Denmark exported $140M to Nigeria. The main products exported from Denmark to Nigeria were Non-fillet Frozen Fish ($33.9M), Passenger and Cargo Ships ($8.14M), and Packaged Medicaments ($7.3M). During the last 5 years the exports of Denmark to Nigeria have decreased at an annualized rate of 3.53%, from $168M in 2022 to $140M in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Denmark (Flag)

Denmark Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Nigeria included Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

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

Comparative Advantage Nigeria - Denmark

Flow
Scale

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

During 2022, Nigeria had a large net trade with Denmark in the exports of Vegetable Products ($309k), Stone And Glass ($284k), and Machines ($208k).

During 2017, Denmark had a large net trade with Nigeria in the exports of Animal Products ($45.2M), Chemical Products ($29.5M), and Machines ($25.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Denmark+$426kOther Oily Seeds
Top Product Potential Denmark Nigeria+$11.7MPackaged Medicaments

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, Denmark exported services to Nigeria worth $179M, with Transportation ($159M), Other business services ($9.02M), and Personal, cultural, and recreational services ($4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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