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2023
Flag → Flag
Exports $1.14BRnk 19 / 205
2023
Flag → Flag
Top Product $1.07BRefined Petroleum
2023
Flag → Flag
Exports $290MRnk 33 / 159
2023
Flag → Flag
Top Product $288MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Norway-Nigeria Trade: In 2023, Norway exported $1.14B to Nigeria. The main products that Norway exported to Nigeria were Refined Petroleum ($1.07B), Dried/Salted/Smoked/Brined Fish ($27.9M), and Non-fillet Frozen Fish ($10.8M). Over the past 5 years the exports of Norway to Nigeria have increased at an annualized rate of 13.2%, from $616M in 2018 to $1.14B in 2023.

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

Nigeria-Norway Trade: In 2023, Nigeria exported $290M to Norway. The main products that Nigeria exported to Norway were Crude Petroleum ($288M), Machinery Having Individual Functions ($508k), and Liquid Pumps ($289k). Over the past 5 years the exports of Nigeria to Norway have increased at an annualized rate of 176%,  from $1.81M in 2018 to $290M in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK1.42B and imported NOK3.52M from Nigeria, resulting in a positive trade balance of NOK1.42B. Between December 2023 and December 2024 the exports of Norway have increased by NOK186M (15.1%) from NOK1.24B to NOK1.42B, while imports increased by NOK2.91M (473%) from NOK615k to NOK3.52M.

Trade In December 2024, the top exports of Norway to Nigeria were Petroleum, petroleum products and related materials (NOK2.47B), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK18.5M), General industrial machinery and equipment, n.e.s.,... (NOK15.1M), Fish (not marine mammals), crustaceans, molluscs... (NOK10M), and Machinery specialized for particular industries (NOK6.29M). In December 2024 the top imports of Norway from Nigeria were General industrial machinery and equipment, n.e.s.,... (NOK3.83M), Professional, scientific and controlling instruments and... (NOK131k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK96k), Coffee, tea, cocoa, spices, and manufactures... (NOK47k), and Vegetables and fruit (NOK19k).

Growth In December 2024, the increase in Norway's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Petroleum, petroleum products and related materials (NOK2.17B or 719%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK17.6M or 2.04k%), and General industrial machinery and equipment, n.e.s.,... (NOK9.78M or 183%). In December 2024, the increase in Norway's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in General industrial machinery and equipment, n.e.s.,... (NOK3.32M or 646%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK91k or 1.82k%), and Coffee, tea, cocoa, spices, and manufactures... (NOK11k or 30.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK186M(15.1%)
IMPORT GROWTH (December 2023 - December 2024)NOK2.91M(473%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Nigeria and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $1.14B to Nigeria. The main products exported from Norway to Nigeria were Refined Petroleum ($1.07B), Dried/Salted/Smoked/Brined Fish ($27.9M), and Non-fillet Frozen Fish ($10.8M). During the last 5 years the exports of Norway to Nigeria have increased at an annualized rate of 13.2%, from $616M in 2018 to $1.14B in 2023.

In 2018, Nigeria exported $290M to Norway. The main products exported from Nigeria to Norway were Crude Petroleum ($288M), Machinery Having Individual Functions ($508k), and Liquid Pumps ($289k). During the last 5 years the exports of Nigeria to Norway have increased at an annualized rate of 176%, from $1.81M in 2023 to $290M in 2018.

Exports from Norway (Flag) to Nigeria (Flag) (2023)

Exports from Nigeria (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Norway than Nigeria included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

In 2023, countries that imported more from Nigeria than Norway included Spain ($5.76B), Indonesia ($3.44B), and India ($3.64B).

Difference in imports from Nigeria (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Nigeria

Flow
Scale

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

During 2023, Norway had a large net trade with Nigeria in the exports of Mineral Products ($1.07B), Animal Products ($40.1M), and Machines ($12.8M).

During 2018, Nigeria had a large net trade with Norway in the exports of Mineral Products ($288M), Machines ($1.27M), and Instruments ($302k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Nigeria+$5.8MNon-fillet Frozen Fish
Top Product Potential Nigeria Norway+$403kOther Oily Seeds

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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and Nigeria. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and Nigeria (Flag) (2023)

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