Flag Nauru

2019
Product
Exports | Imports
: $32.1M | $88.3M, 204 of 225 |  212 of 225

2019
Per Capita Product
Exports | Imports
: $2.55k | $7.02k, 86 of 219 |  69 of 219

Exports: The top exports of Nauru are Non-fillet Frozen Fish ($14.5M), Calcium Phosphates ($9.53M), Low-voltage Protection Equipment ($2.61M), Air Conditioners ($639k), and Leather Apparel ($247k), exporting mostly to Thailand ($10.8M), Australia ($5.01M), United States ($4.07M), South Korea ($3.34M), and Philippines ($2.82M).

Imports: The top imports of Nauru are Refined Petroleum ($47.7M), Large Construction Vehicles ($2.77M), Tug Boats ($1.72M), Poultry Meat ($1.34M), and Cars ($1.25M), importing mostly from Chinese Taipei ($46.3M), Australia ($24.6M), Fiji ($3.5M), South Korea ($3.16M), and Japan ($2.58M).

Yearly Exports

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Value
Depth

Top Export (2019): Non-fillet Frozen Fish, $14.5M

Top Destination (2019): Thailand, $10.8M

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.

The most recent exports are led by Non-fillet Frozen Fish ($14.5M), Calcium Phosphates ($9.53M), Low-voltage Protection Equipment ($2.61M), Air Conditioners ($639k), and Leather Apparel ($247k). The most common destination for the exports of Nauru are Thailand ($10.8M), Australia ($5.01M), United States ($4.07M), South Korea ($3.34M), and Philippines ($2.82M).

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Yearly Imports

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Value
Depth

Top Import (2019): Refined Petroleum, $47.7M

Top Origin (2019): Chinese Taipei, $46.3M

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 most recent imports of Nauru are led by Refined Petroleum ($47.7M), Large Construction Vehicles ($2.77M), Tug Boats ($1.72M), Poultry Meat ($1.34M), and Cars ($1.25M). The most common import partners for Nauru are Chinese Taipei ($46.3M), Australia ($24.6M), Fiji ($3.5M), South Korea ($3.16M), and Japan ($2.58M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

  • Chinese Taipei, $13.2M (+ 39.7%)
  • Japan, $581k (+ 29.1%)
  • Thailand, $544k (+ 184%)

Economic Complexity

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Most Specialized Products by RCA Index

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Nauru has a high level of specialization in Calcium Phosphates (1.69k), Non-fillet Frozen Fish (319), Instructional Models (19.2), Leather Apparel (18.9), and Low-voltage Protection Equipment (15.2). Specialization is measured using RCA, an index that takes the ratio between Nauru observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Nauru according to the product complexity index (PCI) are Instruments to check or measure electricity, radiation (1.77), Electro and permanent magnets, equipment using magnets (1.55), Moulds for metals (except ingot), plastic, rubber, etc (1.54), Auxiliary machinery and parts for textile machinery (1.45), and Millstones, grinding stones and grinding wheels (1.24). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Nauru according to the relatedness index, are Knitted Hats (0.063), Knit Sweaters (0.063), Non-Knit Active Wear (0.063), Knit Men's Shirts (0.062), and Knit Women's Coats (0.06). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Nauru is not specialized in.

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.

Diversification Frontier

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Depth

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.