2022
Flag  
GDP
$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH
2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH
-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Nigeria-Norway In 2022, Nigeria exported $3.78M to Norway. The main products that Nigeria exported to Norway are Machinery Having Individual Functions ($1.44M), Other Oily Seeds ($867k), and Aircraft Parts ($355k). During the last 27 years the exports of Nigeria to Norway have increased at an annualized rate of 7.04%, from $602k in 1995 to $3.78M in 2022.

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

Norway-Nigeria In 2022, Norway exported $1.75B to Nigeria. The main products that Norway exported to Nigeria were Refined Petroleum ($1.64B), Fish: dried, salted, smoked or in brine ($36.9M), and Non-fillet Frozen Fish ($36.2M). During the last 27 years the exports of Norway to Nigeria have increased at an annualized rate of 19.8%, from $13.3M in 1995 to $1.75B in 2022.

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

Comparison In 2022,  Nigeria ranked 119 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 27 years the exports of Nigeria to Norway have increased at an annualized rate of 7.04%, from $602k in 1995 to $3.78M in 2022.

In 2022, Norway exported $1.75B to Nigeria. The main products exported from Norway to Nigeria were Refined Petroleum ($1.64B), Fish: dried, salted, smoked or in brine ($36.9M), and Non-fillet Frozen Fish ($36.2M). During the last 27 years the exports of Norway to Nigeria have increased at an annualized rate of 19.8%, from $13.3M in 1995 to $1.75B in 2022.

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

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

Latest Data

Trade between Nigeria (Flag) and Norway (Flag)

Nigeria Exports

Norway Exports

Market Competitiveness

Color
Nigeria
Top Destination
Spain$9.41B
Norway
Top Destination
Germany$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 2021, countries that imported more from Nigeria than Norway were India ($8.2B), Spain ($9.41B), and Indonesia ($3.83B).

In 2021, countries that imported more from Norway than Nigeria were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

During 2022, Norway had a large net trade with Nigeria in the exports of Mineral Products ($1.64B), Animal Products ($75.8M), and Machines ($16.1M).

Economic Complexity

Competitive Landscape

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 Nigeria has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Nigeria.

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

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