Nigeria (NGA) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Nigeria-Uruguay Trade: In 2022, Nigeria exported $167M to Uruguay. The main products that Nigeria exported to Uruguay were Crude Petroleum ($259M), Nitrogenous Fertilizers ($80.4M), and Cocoa Paste ($557k). Over the past 5 years the exports of Nigeria to Uruguay have increased at an annualized rate of 44.8%, from $26.2M in 2017 to $167M in 2022.

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

Uruguay-Nigeria Trade: In 2022, Uruguay exported $22.9M to Nigeria. The main products that Uruguay exported to Nigeria were Non-fillet Frozen Fish ($12.6M), Concentrated Milk ($10.6M), and Non-fillet Fresh Fish ($718k). Over the past 5 years the exports of Uruguay to Nigeria have increased at an annualized rate of 607%, from $1.3k in 2017 to $22.9M in 2022.

In 2022, Uruguay 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, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $167M to Uruguay. The main products exported from Nigeria to Uruguay were Crude Petroleum ($259M), Nitrogenous Fertilizers ($80.4M), and Cocoa Paste ($557k). During the last 5 years the exports of Nigeria to Uruguay have increased at an annualized rate of 44.8%, from $26.2M in 2017 to $167M in 2022.

In 2017, Uruguay exported $22.9M to Nigeria. The main products exported from Uruguay to Nigeria were Non-fillet Frozen Fish ($12.6M), Concentrated Milk ($10.6M), and Non-fillet Fresh Fish ($718k). During the last 19 years the exports of Uruguay to Nigeria have increased at an annualized rate of 607%, from $1.3k in 1998 to $22.9M in 2017.

Exports from Nigeria () to Uruguay () (2022)

Exports from Uruguay () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Uruguay ()

Nigeria Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Nigeria than Uruguay included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Uruguay than Nigeria included China ($2.89B), Argentina ($999M), and Algeria ($229M).

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

Comparative Advantage Nigeria - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nigeria had a large net trade with Uruguay in the exports of Mineral Products ($259M), Chemical Products ($80.4M), and Foodstuffs ($651k).

During 2017, Uruguay had a large net trade with Nigeria in the exports of Animal Products ($24M), Paper Goods ($279k), and Metals ($8.72k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Uruguay+$48.3MCrude Petroleum

Top Product Potential Uruguay Nigeria+$2.26MConcentrated Milk

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

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Uruguay () (2022)

Exports from Uruguay () to Nigeria () (2022)

Latest Data

Trade between Nigeria () and Uruguay ()

Nigeria Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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