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2023
Product
Exports | Imports $205M | $66.9M185 of 226 |  215 of 226
2023
Per Capita Product
Exports | Imports $17.2k | $5.64k23 of 220 |  89 of 220

About

Overview In 2023 Nauru was the number 185 economy in the world in terms of total exports and the number 215 in total imports.

Exports The top exports of Nauru are Non-fillet Frozen Fish ($180M), Calcium Phosphates ($16.5M), Medical Instruments ($1.24M), Machinery Having Individual Functions ($473k), and Iron Pipe Fittings ($433k), exporting mostly to Thailand ($160M), Philippines ($22.9M), New Zealand ($10.9M), Japan ($2.62M), and Canada ($1.62M).

Imports The top imports of Nauru are Titanium Ore ($6M), Tug Boats ($3.4M), Refined Petroleum ($2.95M), Other Edible Preparations ($2.07M), and Passenger and Cargo Ships ($1.96M), importing mostly from Australia ($33.5M), Japan ($7.44M), Fiji ($6.07M), Senegal ($6M), and China ($5.99M).

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Nauru.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Non-fillet Frozen Fish$180M
Top Destination (2023)Thailand$160M

In 2023, Nauru exported a total of $205M, making it the number 185 exporter in the world. During the last five reported years the exports of Nauru have changed by $184M from $20.5M in 2018 to $205M in 2023.

The most recent exports are led by Non-fillet Frozen Fish ($180M), Calcium Phosphates ($16.5M), Medical Instruments ($1.24M), Machinery Having Individual Functions ($473k), and Iron Pipe Fittings ($433k). The most common destination for the exports of Nauru are Thailand ($160M), Philippines ($22.9M), New Zealand ($10.9M), Japan ($2.62M), and Canada ($1.62M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Thailand$28.3M (+ 21.5%)
New Zealand$10.8M (+ 25.2k%)
Canada$1.36M (+ 526%)
Fastest Growing Import Markets (2022 - 2023)
Senegal$5.66M (+ 1.67k%)
Singapore$652k (+ 135%)
Greece$278k (+ 9.28k%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Nauru has a high level of specialization in Non-fillet Frozen Fish (758), Calcium Phosphates (366), Friction Material (4.58), Other Frozen Vegetables (3.04), and Leather Apparel (2.33). Specialization is measured using RCA, an index that takes the ratio between Nauru observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Nauru according to the relatedness index, were Trunks and Cases (0.015), House Linens (0.015), Knit Men's Shirts (0.015), Ornamental Ceramics (0.015), and Rubber Footwear (0.014). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Nauru is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Nauru. These are products that tend to be co-exported with the products that Nauru exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

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