Flag Nigeria / Uruguay Flag

2019
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Exports
: $251M, Rnk 35 / 151

2019
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Top Product
: $250M, Crude Petroleum

2019
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Exports
: $15M, Rnk 52 / 167

2019
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Top Product
: $11.8M, Non-fillet Frozen Fish

2019
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Economic Complexity (ECI)
: ECI -1.6, Rnk 140 / 146

2019
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Economic Complexity (ECI)
: ECI 0.066, Rnk 66 / 146

2019
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GDP
: $448B, CURRENT US$
Rnk 25 / 187

2009-2019
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GDP GROWTH
: 53.5%, CURRENT US$
Rnk 87 / 187

2019
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 GDP
: $56B, CURRENT US$
Rnk 81 / 187

2009-2019
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GDP GROWTH
: 77%, CURRENT US$
Rnk 50 / 187

2019
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GDP PC 
: $2,230, CURRENT US$
Rnk 140 / 187

2009-2019
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GDP PC GROWTH
: 17.9%, CURRENT US$
Rnk 120 / 187

2019
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GDP PC
: $16,190, CURRENT US$
Rnk 55 / 187

2009-2019
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GDP PC GROWTH
: 71.3%, CURRENT US$
Rnk 33 / 187

Nigeria-Uruguay In 2019, Nigeria exported $251M to Uruguay. The main products that Nigeria exported to Uruguay are Crude Petroleum ($250M), Cocoa Paste ($808k), and Cocoa Shells ($152k). During the last 24 years the exports of Nigeria to Uruguay have increased at an annualized rate of 9.86%, from $26.3M in 1995 to $251M in 2019.

In 2019, Nigeria did not export any services to Uruguay.

Uruguay-Nigeria In 2019, Uruguay exported $15M to Nigeria . The main products that Uruguay exported to Nigeria were Non-fillet Frozen Fish ($11.8M), Non-fillet Fresh Fish ($1.02M), and Bovine, Sheep, and Goat Fat ($969k). During the last 24 years the exports of Uruguay to Nigeria have increased at an annualized rate of 47.7%, from $1.3k in 1995 to $15M in 2019.

In 2019, Uruguay did not export any services to Nigeria.

Comparison In 2019,  Nigeria ranked 140 in the Economic Complexity Index (ECI -1.6), and 47 in total exports ($63.8B). That same year, Uruguay ranked 66 in the Economic Complexity Index (ECI 0.066), and 93 in total exports ($9.1B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Nigeria exported $251M to Uruguay. The main products exported from Nigeria to Uruguay were Crude Petroleum ($250M), Cocoa Paste ($808k), and Cocoa Shells ($152k). During the last 24 years the exports of Nigeria to Uruguay have increased at an annualized rate of 9.86%, from $26.3M in 1995 to $251M in 2019.

In 2019, Uruguay exported $15M to Nigeria. The main products exported from Uruguay to Nigeria were Non-fillet Frozen Fish ($11.8M), Non-fillet Fresh Fish ($1.02M), and Bovine, Sheep, and Goat Fat ($969k). During the last 21 years the exports of Uruguay to Nigeria have increased at an annualized rate of 47.7%, from $1.3k in 1998 to $15M in 2019.

Nigeria Exports

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Uruguay Exports

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Market Competitiveness

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Measure

Nigeria
Top Destination
: India, $10.5B

Uruguay
Top Destination
: China, $2.63B

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 2019, countries that imported more from Nigeria than Uruguay were India ($10.5B), Spain ($6.32B), and France ($4.37B).

In 2019, countries that imported more from Uruguay than Nigeria were Argentina ($438M), Brazil ($1.12B), and Paraguay ($216M).

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 2019, Nigeria had a large net trade with Uruguay in the exports of Mineral Products ($250M), Foodstuffs ($1.04M), and Vegetable Products ($971).

During 2019, Uruguay had a large net trade with Nigeria in the exports of Animal Products ($12.9M), Animal and Vegetable Bi-Products ($1.41M), and Paper Goods ($281k).

Tariff Section

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This section 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%).

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

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.