Finland (FIN) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Finland-Nigeria In 2022, Finland exported $138M to Nigeria. The main products that Finland exported to Nigeria are Refined Petroleum ($45.3M), Wheat ($26.3M), and Electric Generating Sets ($24.2M). During the last 27 years the exports of Finland to Nigeria have increased at an annualized rate of 10.6%, from $9.2M in 1995 to $138M in 2022.

In 2019, Finland exported services to Nigeria worth $1.12M, with Other business services ($1.12M) being the largest in terms of value.

Nigeria-Finland In 2022, Nigeria exported $1.58M to Finland. The main products that Nigeria exported to Finland were Rubber ($691k), Other Oily Seeds ($652k), and Spices ($58.3k). During the last 27 years the exports of Nigeria to Finland have increased at an annualized rate of 21.7%, from $7.87k in 1995 to $1.58M in 2022.

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

Comparison In 2022, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B). That same year, Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $138M to Nigeria. The main products exported from Finland to Nigeria were Refined Petroleum ($45.3M), Wheat ($26.3M), and Electric Generating Sets ($24.2M). During the last 27 years the exports of Finland to Nigeria have increased at an annualized rate of 10.6%, from $9.2M in 1995 to $138M in 2022.

In 2022, Nigeria exported $1.58M to Finland. The main products exported from Nigeria to Finland were Rubber ($691k), Other Oily Seeds ($652k), and Spices ($58.3k). During the last 27 years the exports of Nigeria to Finland have increased at an annualized rate of 21.7%, from $7.87k in 1995 to $1.58M in 2022.

Exports from Finland () to Nigeria () (2022)

Exports from Nigeria () to Finland () (2022)

Latest Data

Trade between Finland () and Nigeria ()

Finland Exports

Date

Nigeria Exports

Date

Feb 2018

Jan 2018

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Nigeria
Top DestinationSpain$9.41B

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

In 2021, countries that imported more from Finland than Nigeria were Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2021, countries that imported more from Nigeria than Finland were Spain ($9.41B), India ($8.2B), and Indonesia ($3.83B).

Difference in imports from Nigeria () and Finland () (2022)

Comparative Advantage Finland - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Nigeria in the exports of Mineral Products ($45.3M), Machines ($35.4M), and Vegetable Products ($26.3M).

During 2022, Nigeria had a large net trade with Finland in the exports of Vegetable Products ($755k), Plastics and Rubbers ($692k), and Foodstuffs ($43.3k).

Service Trade

Bilateral Service Trade

Fin Year

In 2019, Finland exported services to Nigeria worth $1.12M, with Other business services ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland () to Nigeria () (2019)

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Nigeria () (2022)

Exports from Nigeria () to Finland () (2022)

Latest Data

Trade between Finland () and Nigeria ()

Finland Exports

Nigeria Exports

Market Competitiveness

Difference in imports from Nigeria () and Finland () (2022)

Comparative Advantage Finland - Nigeria

Service Trade

Bilateral Service Trade

Services Exports from Finland () to Nigeria () (2019)

Economic Complexity

Competitive Landscape

Product Space of Finland () and Nigeria () (2022)

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