Flag Nigeria / Norway Flag

2019
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Exports
: $268M, Rnk 33 / 151

2019
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Top Product
: $252M, Crude Petroleum

2019
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Exports
: $676M, Rnk 21 / 208

2019
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Top Product
: $557M, Refined Petroleum

2019
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Economic Complexity (ECI)
: ECI -1.6, Rnk 140 / 146

2019
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Economic Complexity (ECI)
: ECI 0.79, Rnk 38 / 146

2019
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GDP
: $448B, CURRENT US$
Rnk 25 / 187

2009-2019
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GDP GROWTH
: 53.5%, CURRENT US$
Rnk 87 / 187

2019
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 GDP
: $403B, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP GROWTH
: 4.44%, CURRENT US$
Rnk 170 / 187

2019
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GDP PC 
: $2,230, CURRENT US$
Rnk 140 / 187

2009-2019
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GDP PC GROWTH
: 17.9%, CURRENT US$
Rnk 120 / 187

2019
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GDP PC
: $75,420, CURRENT US$
Rnk 6 / 187

2009-2019
Flag
GDP PC GROWTH
: -5.7%, CURRENT US$
Rnk 170 / 187

Nigeria-Norway: In 2019, Nigeria exported $268M to Norway. The main products that Nigeria exported to Norway are Crude Petroleum ($252M), Scrap Vessels ($15.3M), and Machinery Having Individual Functions ($175k). During the last 24 years the exports of Nigeria to Norway have increased at an annualized rate of 29.1%, from $588k in 1995 to $268M in 2019.

In 2019, Nigeria did not exported services to Norway.

Norway-Nigeria: In 2019, Norway exported $676M to Nigeria . The main products that Norway exported to Nigeria were Refined Petroleum ($557M), Processed Fish ($36.9M), and Non-fillet Frozen Fish ($34.4M). During the last 24 years the exports of Norway to Nigeria have increased at an annualized rate of 17.8%, from $13.3M in 1995 to $676M in 2019.

In 2019, Norway did not exported services to Nigeria.

Comparison: In 2019,  Nigeria ranked 140 in the Economic Complexity Index (ECI -1.6), and 47 in total exports ($63.8B). That same year, Norway ranked 38 in the Economic Complexity Index (ECI 0.79), and 35 in total exports ($109B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2019, Nigeria exported $268M to Norway. The main products exported from Nigeria to Norway were Crude Petroleum ($252M), Scrap Vessels ($15.3M), and Machinery Having Individual Functions ($175k). During the last 24 years the exports of Nigeria to Norway have increased at an annualized rate of 29.1%, from $588k in 1995 to $268M in 2019.

In 2019, Norway exported $676M to Nigeria. The main products exported from Norway to Nigeria were Refined Petroleum ($557M), Processed Fish ($36.9M), and Non-fillet Frozen Fish ($34.4M). During the last 24 years the exports of Norway to Nigeria have increased at an annualized rate of 17.8%, from $13.3M in 1995 to $676M in 2019.

Market Competitiveness

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Measure

Nigeria
Top Destination
: India, $10.5B

Norway
Top Destination
: United Kingdom, $20B

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

In 2019, countries that imported more from Nigeria than Norway were India ($10.5B), Ghana ($4.04B), and Spain ($6.32B).

In 2019, countries that imported more from Norway than Nigeria were United Kingdom ($20B), Germany ($15.5B), and Sweden ($10.1B).

Comparative Advantage Nigeria - Norway

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Depth

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

During 2019, Nigeria had a large net trade with Norway in the exports of Mineral Products ($252M), Transportation ($15.4M), and Machines ($420k).

During 2019, Norway had a large net trade with Nigeria in the exports of Mineral Products ($557M), Animal Products ($74.4M), and Machines ($28.5M).

Tariff Section

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This section shows import tariffs for products traded between Nigeria and Norway (using the HS6 product classification and the last year reported).

In 2016, the products from Nigeria that paid the highest import tariffs to enter Norway were Bovine carcasses and half carcasses, fresh or chilled (35%) and Bovine cuts bone in, fresh or chilled (35%).

In 2018, the products from Norway that paid the highest import tariffs to enter Nigeria were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

*The tariffs present between Nigeria and Norway are:
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Competitive Landscape

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