Flag Nigeria / Uruguay Flag

Exports FlagFlag  (2018): $364M, Rnk 25 / 145

Top Product FlagFlag (2018): $357M, Crude Petroleum

Exports FlagFlag (2018): $25.6M, Rnk 40 / 157

Top Product FlagFlag (2018): $18.4M, Non-fillet Frozen Fish

Economic Complexity of Flag (2018): ECI -1.75, Rnk 134 / 137

Economic Complexity of Flag (2018): ECI 0.17, Rnk 58 / 137

GDP Flag (2018): $397B, CURRENT US$
Rnk 29 / 196

GDP GROWTH Flag (2008-2018): 17.9%, CURRENT US$
Rnk 130 / 196

GDP Flag (2018): $59.6B, CURRENT US$
Rnk 79 / 196

GDP GROWTH Flag (2008-2018): 96.3%, CURRENT US$
Rnk 33 / 196

GDP PC Flag (2018): $2,028, CURRENT US$
Rnk 151 / 196

GDP PC GROWTH Flag (2008-2018): -9.57%, CURRENT US$
Rnk 169 / 196

GDP PC Flag (2018): $17,278, CURRENT US$
Rnk 53 / 196

GDP PC GROWTH Flag (2008-2018): 90.1%, CURRENT US$
Rnk 20 / 196

Nigeria-Uruguay: In 2018, Nigeria exported $364M to Uruguay. The main products exported from Nigeria to Uruguay were Crude Petroleum ($357M), Nitrogenous Fertilizers ($6.5M), and Cocoa Paste ($277k). During the last 23 years the exports of Nigeria to Uruguay have increased at an annualized rate of 12.1%, from $26.5M in 1995 to $364M in 2018.

Uruguay-Nigeria: In 2018, Uruguay exported $25.6M to Nigeria. The main products exported from Uruguay to Nigeria were Non-fillet Frozen Fish ($18.4M), Bovine, Sheep, and Goat Fat ($3.19M), and Lard ($2.79M). During the last 20 years the exports of Uruguay to Nigeria have increased at an annualized rate of 53.7%, from $1.3k in 1998 to $25.6M in 2018.

Comparison: In 2018, Nigeria ranked 134 in the Economic Complexity Index (ECI -1.75), and 50 in total exports ($59.5B). That same year, Uruguay ranked 58 in the Economic Complexity Index (ECI 0.17), and 92 in total exports ($8.96B). In terms of GDP Per Capita, Nigeria was ranked 151 with a GDP Per Capita of $2,028, and Uruguay was ranked 53 with a GDP Per Capita of $17,278.

Bilateral Trade by Products

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Depth
Value

In 2018, Nigeria exported $364M to Uruguay. The main products exported from Nigeria to Uruguay were Crude Petroleum ($357M), Nitrogenous Fertilizers ($6.5M), and Cocoa Paste ($277k). During the last 23 years the exports of Nigeria to Uruguay have increased at an annualized rate of 12.1%, from $26.5M in 1995 to $364M in 2018.

In 2018, Uruguay exported $25.6M to Nigeria. The main products exported from Uruguay to Nigeria were Non-fillet Frozen Fish ($18.4M), Bovine, Sheep, and Goat Fat ($3.19M), and Lard ($2.79M). During the last 20 years the exports of Uruguay to Nigeria have increased at an annualized rate of 53.7%, from $1.3k in 1998 to $25.6M in 2018.

Market Competitiveness

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Measure

Nigeria
Top Destination
: India, $10B

Uruguay
Top Destination
: China, $2.04B

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 2018, countries that imported more from Nigeria than Uruguay were India ($10B), Spain ($6.12B), and United States ($5.74B).

In 2018, countries that imported more from Uruguay than Nigeria were China ($2.04B), Algeria ($214M), and Argentina ($456M).

Comparative Advantage Nigeria - Uruguay

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Depth

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

During 2018, Nigeria had a large net trade with Uruguay in the exports of Mineral Products ($357M), Chemical Products ($6.5M), and Foodstuffs ($363k).

During 2018, Uruguay had a large net trade with Nigeria in the exports of Animal Products ($19.1M), Animal and Vegetable Bi-Products ($5.98M), and Vegetable Products ($247k).

Tariff Section

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This sections shows import tariffs for products traded between Nigeria and Uruguay (using the HS6 product classification and the last year reported).

In 2016, the products from Nigeria that paid the highest import tariffs to enter Uruguay were Bovine carcasses and half carcasses, fresh or chilled (35%) and Bovine cuts bone in, fresh or chilled (35%).

In 2018, the products from Uruguay that paid the highest import tariffs to enter Nigeria were Refined sugar, in solid form, flavoured or coloured (35%) and Refined sugar, in solid form, nes, pure sucrose (35%).

Explore Tariff Data

*The tariffs present between Nigeria and Uruguay are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Nigeria and Uruguay. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Nigeria has comparative advantage over Uruguay. Similarly, the more red a dot/product is, the more Uruguay has comparative advantage over Nigeria.