Flag Singapore / Nauru Flag

Exports FlagFlag  (2018): $950k, Rnk 181 / 213

Top Product FlagFlag (2018): $342k, Flavored Water

Exports FlagFlag (2018): $183k, Rnk 11 / 55

Top Product FlagFlag (2018): $146k, Electrical Transformers

Economic Complexity of Flag (2018): ECI 1.71, Rnk 6 / 137

GDP Flag (2018): $364B, CURRENT US$
Rnk 33 / 196

GDP GROWTH Flag (2008-2018): 88.1%, CURRENT US$
Rnk 43 / 196

GDP Flag (2018): $126M, CURRENT US$
Rnk 195 / 196

GDP GROWTH Flag (2008-2018): 220%, CURRENT US$
Rnk 3 / 196

GDP PC Flag (2018): $64,582, CURRENT US$
Rnk 9 / 196

GDP PC GROWTH Flag (2008-2018): 61.4%, CURRENT US$
Rnk 37 / 196

GDP PC Flag (2018): $9,889, CURRENT US$
Rnk 76 / 196

GDP PC GROWTH Flag (2008-2018): 149%, CURRENT US$
Rnk 6 / 196

Singapore-Nauru: In 2018, Singapore exported $950k to Nauru. The main products exported from Singapore to Nauru were Flavored Water ($342k), Centrifuges ($214k), and Pasta ($92k). During the last 19 years the exports of Singapore to Nauru have decreased at an annualized rate of 5.43%, from $2.75M in 1999 to $950k in 2018.

Nauru-Singapore: In 2018, Nauru exported $183k to Singapore. The main products exported from Nauru to Singapore were Electrical Transformers ($146k), Broadcasting Accessories ($17.3k), and Vehicle Parts ($9.53k). During the last 19 years the exports of Nauru to Singapore have increased at an annualized rate of 21%, from $4.92k in 1999 to $183k in 2018.

Comparison: In 2018, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). That same year, Nauru ranked 207 in total exports ($19.7M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, Singapore was ranked 9 with a GDP Per Capita of $64,582, and Nauru was ranked 76 with a GDP Per Capita of $9,889.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Singapore exported $950k to Nauru. The main products exported from Singapore to Nauru were Flavored Water ($342k), Centrifuges ($214k), and Pasta ($92k). During the last 19 years the exports of Singapore to Nauru have decreased at an annualized rate of 5.43%, from $2.75M in 1999 to $950k in 2018.

In 2018, Nauru exported $183k to Singapore. The main products exported from Nauru to Singapore were Electrical Transformers ($146k), Broadcasting Accessories ($17.3k), and Vehicle Parts ($9.53k). During the last 19 years the exports of Nauru to Singapore have increased at an annualized rate of 21%, from $4.92k in 1999 to $183k in 2018.

Market Competitiveness

#permalink to section
Measure

Singapore
Top Destination
: China, $44.3B

Nauru
Top Destination
: Australia, $3.2M

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

In 2018, countries that imported more from Singapore than Nauru were China ($44.3B), Hong Kong ($41.5B), and Malaysia ($32.3B).

In 2018, no countries were registered that imported more from Nauru than from Singapore.

Comparative Advantage Singapore - Nauru

#permalink to section
Depth

This chart compares trade between Singapore and Nauru by product, considering products traded by both, Singapore and Nauru.

During 2018, Singapore had a large net trade with Nauru in the exports of Foodstuffs ($532k), Machines ($229k), and Mineral Products ($68.4k).

During 2018, Nauru had a large net trade with Singapore in the exports of Machines ($171k), Transportation ($11k), and Plastics and Rubbers ($1.4k).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Singapore and Nauru. 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

#permalink to section

Competitive Landscape

#permalink to section

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 Singapore has comparative advantage over Nauru. Similarly, the more red a dot/product is, the more Nauru has comparative advantage over Singapore.