2021
Flag  
GDP
$441BCURRENT US$
Rnk 30 / 204
2011-2021
Flag
GDP GROWTH
6.36%CURRENT US$
Rnk 154 / 204
2021
Flag
 GDP
$61.4BCURRENT US$
Rnk 85 / 204
2011-2021
Flag
GDP GROWTH
22%CURRENT US$
Rnk 114 / 204
2021
Flag
GDP PC 
$2,066CURRENT US$
Rnk 163 / 204
2011-2021
Flag
GDP PC GROWTH
-17.5%CURRENT US$
Rnk 178 / 204
2021
Flag
GDP PC
$17,924CURRENT US$
Rnk 64 / 204
2011-2021
Flag
GDP PC GROWTH
19.7%CURRENT US$
Rnk 82 / 204

About

Nigeria-Uruguay In 2021, Nigeria exported $407M to Uruguay. The main products that Nigeria exported to Uruguay are Crude Petroleum ($396M), Nitrogenous Fertilizers ($10.9M), and Cocoa Paste ($705k). During the last 26 years the exports of Nigeria to Uruguay have increased at an annualized rate of 11.2%, from $26M in 1995 to $407M in 2021.

In 2021, Nigeria did not export any services to Uruguay.

Uruguay-Nigeria In 2021, Uruguay exported $17.5M to Nigeria. The main products that Uruguay exported to Nigeria were Non-fillet Frozen Fish ($10.5M), Concentrated Milk ($4.5M), and Amine Compounds ($1.3M). During the last 26 years the exports of Uruguay to Nigeria have increased at an annualized rate of 44.2%, from $1.3k in 1995 to $17.5M in 2021.

In 2021, Uruguay did not export any services to Nigeria.

Comparison In 2021,  Nigeria ranked 126 in the Economic Complexity Index (ECI -1.56), and 52 in total exports ($57.7B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.1), and 94 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Nigeria exported $407M to Uruguay. The main products exported from Nigeria to Uruguay were Crude Petroleum ($396M), Nitrogenous Fertilizers ($10.9M), and Cocoa Paste ($705k). During the last 26 years the exports of Nigeria to Uruguay have increased at an annualized rate of 11.2%, from $26M in 1995 to $407M in 2021.

In 2021, Uruguay exported $17.5M to Nigeria. The main products exported from Uruguay to Nigeria were Non-fillet Frozen Fish ($10.5M), Concentrated Milk ($4.5M), and Amine Compounds ($1.3M). During the last 23 years the exports of Uruguay to Nigeria have increased at an annualized rate of 44.2%, from $1.3k in 1998 to $17.5M in 2021.

Exports from Nigeria (Flag) to Uruguay (Flag) (2021)

Exports from Uruguay (Flag) to Nigeria (Flag) (2021)

Latest Data

Trade between Nigeria (Flag) and Uruguay (Flag)

Nigeria Exports

Uruguay Exports

Market Competitiveness

Color
Nigeria
Top Destination
India$9.07B
Uruguay
Top Destination
China$3.06B

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 2021, countries that imported more from Nigeria than Uruguay were India ($9.07B), Spain ($6.7B), and France ($3.32B).

In 2021, countries that imported more from Uruguay than Nigeria were Brazil ($1.76B), Argentina ($554M), and Algeria ($191M).

Difference in imports from Uruguay (Flag) and Nigeria (Flag) (2021)

Comparative Advantage Nigeria - Uruguay

Flow
Scale

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

During 2021, Nigeria had a large net trade with Uruguay in the exports of Mineral Products ($396M), Chemical Products ($10.9M), and Foodstuffs ($705k).

During 2021, Uruguay had a large net trade with Nigeria in the exports of Animal Products ($15.4M), Chemical Products ($1.31M), and Animal and Vegetable Bi-Products ($370k).

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

Product Space of Nigeria (Flag) and Uruguay (Flag) (2021)

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