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
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 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
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Nigeria-Denmark In 2022, Nigeria exported $932k to Denmark. The main products that Nigeria exported to Denmark are Other Oily Seeds ($287k), Laboratory Ceramic Ware ($284k), and Machinery Having Individual Functions ($106k). During the last 27 years the exports of Nigeria to Denmark have increased at an annualized rate of 1.3%, from $657k in 1995 to $932k in 2022.

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

Denmark-Nigeria In 2022, Denmark exported $140M to Nigeria. The main products that Denmark exported to Nigeria were Non-fillet Frozen Fish ($33.9M), Passenger and Cargo Ships ($8.14M), and Packaged Medicaments ($7.3M). During the last 27 years the exports of Denmark to Nigeria have increased at an annualized rate of 7.93%, from $17.8M in 1995 to $140M in 2022.

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 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $932k to Denmark. The main products exported from Nigeria to Denmark were Other Oily Seeds ($287k), Laboratory Ceramic Ware ($284k), and Machinery Having Individual Functions ($106k). During the last 27 years the exports of Nigeria to Denmark have increased at an annualized rate of 1.3%, from $657k in 1995 to $932k in 2022.

In 2022, Denmark exported $140M to Nigeria. The main products exported from Denmark to Nigeria were Non-fillet Frozen Fish ($33.9M), Passenger and Cargo Ships ($8.14M), and Packaged Medicaments ($7.3M). During the last 27 years the exports of Denmark to Nigeria have increased at an annualized rate of 7.93%, from $17.8M in 1995 to $140M in 2022.

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

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

Latest Data

Trade between Nigeria (Flag) and Denmark (Flag)

Denmark Exports

Market Competitiveness

Color
Nigeria
Top Destination
Spain$9.41B
Denmark
Top Destination
Germany$18.9B

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

In 2021, countries that imported more from Denmark than Nigeria were Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

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

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 2022, Nigeria had a large net trade with Denmark in the exports of Vegetable Products ($309k), Stone And Glass ($284k), and Machines ($208k).

During 2022, Denmark had a large net trade with Nigeria in the exports of Animal Products ($45.2M), Chemical Products ($29.5M), and Machines ($25.4M).

Service Trade

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)

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

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

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