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2023
Flag → Flag
Exports $137MRnk 44 / 159
2023
Flag → Flag
Top Product $137MCrude Petroleum
2023
Flag → Flag
Exports $184MRnk 60 / 217
2023
Flag → Flag
Top Product $81.1MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $137M in 2023.

In 2018, 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 2023 to $184M in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Denmark (Flag)

Denmark Exports

Market Competitiveness

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

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

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

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

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 2023, Nigeria had a large net trade with Denmark in the exports of Mineral Products ($137M), Vegetable Products ($400k), and Animal Products ($134k).

During 2018, Denmark had a large net trade with Nigeria in the exports of Animal Products ($94.5M), Chemical Products ($35.9M), and Machines ($27.3M).

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) (2023)

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