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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $290M in 2023.

In 2018, 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 2023 to $1.14B in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Norway (Flag)

Nigeria Exports

Norway Exports

Market Competitiveness

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

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

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

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

Comparative Advantage Nigeria - Norway

Flow
Scale

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

During 2023, Nigeria had a large net trade with Norway in the exports of Mineral Products ($288M), Machines ($1.27M), and Instruments ($302k).

During 2018, Norway had a large net trade with Nigeria in the exports of Mineral Products ($1.07B), Animal Products ($40.1M), and Machines ($12.8M).

Potential Exports

Potential Exports

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

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

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

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