In 2019, Nauru exported a total of $32.1M, making it the number 204 exporter in the world. During the last five reported years the exports of Nauru have changed by -$138k from $32.3M in 2014 to $32.1M in 2019.
In 2019 Nauru imported $88.3M, making it the number 212 trade destination in the world. During the last five reported years the imports of Nauru changed by -$29.3M from $118M in 2014 to $88.3M in 2019.
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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.