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Pricing

2022
Flag → Flag
Exports $1.75BRnk 16 / 209
2022
Flag → Flag
Top Product $1.64BRefined Petroleum
2022
Flag → Flag
Exports $3.78MRnk 87 / 166
2022
Flag → Flag
Top Product $1.44MMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI 0.58Rnk 41 / 124
2022
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Economic Complexity (ECI) ECI -1.67Rnk 119 / 124
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
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GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Norway-Nigeria In 2022, Norway exported $1.75B to Nigeria. The main products that Norway exported to Nigeria are 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.

Nigeria-Norway 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). 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.

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

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK666M and imported NOK7.12M from Nigeria, resulting in a positive trade balance of NOK659M. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-1.18B (-63.9%) from NOK1.85B to NOK666M, while imports increased by NOK6.53M (1.1k%) from NOK595k to NOK7.12M.

Trade In February 2024, the top exports of Norway to Nigeria were Petroleum, petroleum products and related materials (NOK301M), Fish (not marine mammals), crustaceans, molluscs... (NOK34.1M), Animal oils and fats (NOK5.76M), General industrial machinery and equipment, n.e.s.,... (NOK5.35M), and Machinery specialized for particular industries (NOK4.67M). In February 2024 the top imports of Norway from Nigeria were General industrial machinery and equipment, n.e.s.,... (NOK514k), Coffee, tea, cocoa, spices, and manufactures... (NOK36k), Vegetables and fruit (NOK31k), Rubber manufactures, n.e.s. (NOK21k), and Articles of apparel and clothing accessories (NOK6k).

Growth In February 2024, the decrease in Norway's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Petroleum, petroleum products and related materials (NOK-324M or -51.8%), Manufactures of metals, n.e.s. (NOK-16.6M or -95.6%), and Paper, paperboard and articles of paper... (NOK-778k or -35.2%). In February 2024, the increase in Norway's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in General industrial machinery and equipment, n.e.s.,... (NOK467k or 994%), Coffee, tea, cocoa, spices, and manufactures... (NOK35k or 3.5k%), and Vegetables and fruit (NOK29k or 1.45k%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)NOK-1.18B(-63.9%)
IMPORT GROWTH (February 2023 - February 2024)NOK6.53M(1.1k%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Nigeria and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

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.

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.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Nigeria
Top DestinationSpain$9.41B

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

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

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

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

Comparative Advantage Norway - Nigeria

Flow
Scale

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

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).

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

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

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

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