Nigeria (NGA) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Nigeria-Norway Trade: In 2022, Nigeria exported $3.78M to Norway. The main products that Nigeria exported to Norway were Machinery Having Individual Functions ($1.44M), Other Oily Seeds ($867k), and Aircraft Parts ($355k). Over the past 5 years the exports of Nigeria to Norway have decreased at an annualized rate of 40.9%, from $52.5M in 2017 to $3.78M in 2022.

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

Norway-Nigeria Trade: In 2022, Norway exported $1.75B to Nigeria. The main products that Norway exported to Nigeria were Refined Petroleum ($1.64B), Dried/Salted/Smoked/Brined Fish ($36.9M), and Non-fillet Frozen Fish ($36.2M). Over the past 5 years the exports of Norway to Nigeria have increased at an annualized rate of 43%, from $292M in 2017 to $1.75B in 2022.

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

Comparison: In 2022, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $3.78M to Norway. The main products exported from Nigeria to Norway were Machinery Having Individual Functions ($1.44M), Other Oily Seeds ($867k), and Aircraft Parts ($355k). During the last 5 years the exports of Nigeria to Norway have decreased at an annualized rate of 40.9%, from $52.5M in 2017 to $3.78M in 2022.

In 2017, Norway exported $1.75B to Nigeria. The main products exported from Norway to Nigeria were Refined Petroleum ($1.64B), Dried/Salted/Smoked/Brined Fish ($36.9M), and Non-fillet Frozen Fish ($36.2M). During the last 5 years the exports of Norway to Nigeria have increased at an annualized rate of 43%, from $292M in 2022 to $1.75B in 2017.

Exports from Nigeria () to Norway () (2022)

Exports from Norway () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Norway ()

Nigeria Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Norway
Top DestinationGermany$78.1B

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 2022, countries that imported more from Nigeria than Norway included India ($8.2B), Spain ($9.41B), and Indonesia ($3.83B).

In 2022, countries that imported more from Norway than Nigeria included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Nigeria - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Norway in the exports of Machines ($2.19M), Vegetable Products ($973k), and Transportation ($391k).

During 2017, Norway had a large net trade with Nigeria in the exports of Mineral Products ($1.64B), Animal Products ($75.8M), and Machines ($16.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Norway () (2022)

Exports from Norway () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Norway ()

Nigeria Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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