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2023
Flag → Flag
Exports $184MRnk 60 / 217
2023
Flag → Flag
Top Product $81.1MNon-fillet Frozen Fish
2023
Flag → Flag
Exports $137MRnk 44 / 159
2023
Flag → Flag
Top Product $137MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 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

Denmark-Nigeria Trade: In 2023, Denmark exported $184M to Nigeria. The main products that Denmark exported to Nigeria were Non-fillet Frozen Fish ($81.1M), Packaged Medicaments ($9.92M), and Enzymes ($8.5M). Over the past 5 years the exports of Denmark to Nigeria have decreased at an annualized rate of 0.5%, from $189M in 2018 to $184M in 2023.

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.

Nigeria-Denmark Trade: In 2023, Nigeria exported $137M to Denmark. The main products that Nigeria exported to Denmark were Crude Petroleum ($137M), Other Oily Seeds ($375k), and Crustaceans ($125k). Over the past 5 years the exports of Nigeria to Denmark have increased at an annualized rate of 10.9%,  from $81.9M in 2018 to $137M in 2023.

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

Comparison: In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $184M to Nigeria. The main products exported from Denmark to Nigeria were Non-fillet Frozen Fish ($81.1M), Packaged Medicaments ($9.92M), and Enzymes ($8.5M). During the last 5 years the exports of Denmark to Nigeria have decreased at an annualized rate of 0.5%, from $189M in 2018 to $184M in 2023.

In 2018, Nigeria exported $137M to Denmark. The main products exported from Nigeria to Denmark were Crude Petroleum ($137M), Other Oily Seeds ($375k), and Crustaceans ($125k). During the last 5 years the exports of Nigeria to Denmark have increased at an annualized rate of 10.9%, from $81.9M in 2023 to $137M in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Nigeria (Flag)

Denmark Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Denmark than Nigeria included Germany ($14.8B), Sweden ($11.2B), and United States ($12B).

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

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

Comparative Advantage Denmark - Nigeria

Flow
Scale

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

During 2023, Denmark had a large net trade with Nigeria in the exports of Animal Products ($94.5M), Chemical Products ($35.9M), and Machines ($27.3M).

During 2018, Nigeria had a large net trade with Denmark in the exports of Mineral Products ($137M), Vegetable Products ($400k), and Animal Products ($134k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Nigeria+$11.7MPackaged Medicaments
Top Product Potential Nigeria Denmark+N/AN/A

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

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

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