Flag Nauru

Product Exports (2018): $19.7M, Rank 207 of 222

Exports Per Capita (2018): $1.55k, Rank 174 of 219

Product Imports (2018): $113M, Rank 206 of 221

Imports Per Capita (2018): $8.93k, Rank 161 of 219

GDP (2018): $126M, CURRENT US$
Rank 195 of 196

GDP growth (2008 - 2018): 220%, CURRENT US$
Rank 3 of 196

GDP PC (2018): $9,889, CURRENT US$
Rank 76 of 196

GDP PC GROWTH (2008 - 2018): 149%, CURRENT US$
Rank 6 of 196

Overview: This page contains the latest international trade data for Nauru. In 2018 Nauru was the number 195 economy in the world in terms of GDP (current US$), the number 207 in total exports, and the number 206 in total imports. In 2018, Nauru exported $19.7M and imported $113M, resulting in a negative trade balance of -$93.7M. In 2018, Nauru's exports per capita were $1.55k and its imports per capita were $8.93k.

Trade: The top exports of Nauru are Calcium Phosphates ($7.52M), Non-fillet Frozen Fish ($1.52M), Low-voltage Protection Equipment ($1.12M), Gold ($1M), and Fermented Milk Products ($741k). The top imports of Nauru are Refined Petroleum ($69.7M), Titanium Ore ($7.43M), Cars ($1.87M), Medical Instruments ($1.23M), and Poultry Meat ($1.22M).

Destinations: Nauru exports mostly to Australia ($3.2M), Czechia ($2.86M), South Korea ($2.64M), United States ($2.53M), and Japan ($2.15M), and imports mostly from South Korea ($34.6M), Chinese Taipei ($33.1M), Australia ($25.4M), Senegal ($7.43M), and Fiji ($3.58M).

Yearly Exports

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Top Export (2018): Calcium Phosphates, $7.52M

Top Destination (2018): Australia, $3.2M

In 2018 Nauru exported a total of $19.7M, making it the number 207 exporter in the world. During the last five reported years the exports of Nauru have changed by -$38.5M from $58.2M in 2013 to $19.7M in 2018.

The most recent exports are led by Calcium Phosphates ($7.52M), Non-fillet Frozen Fish ($1.52M), Low-voltage Protection Equipment ($1.12M), Gold ($1M), and Fermented Milk Products ($741k). The most common destination for the exports of Nauru are Australia ($3.2M), Czechia ($2.86M), South Korea ($2.64M), United States ($2.53M), and Japan ($2.15M).

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Yearly Imports

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Top Import (2018): Refined Petroleum, $69.7M

Top Origin (2018): South Korea, $34.6M

In 2018 Nauru imported $113M, making it the number 206 trade destination in the world. During the last five reported years the imports of Nauru changed by -$13.7M from $127M in 2013 to $113M in 2018.

The most recent imports of Nauru are led by Refined Petroleum ($69.7M), Titanium Ore ($7.43M), Cars ($1.87M), Medical Instruments ($1.23M), and Poultry Meat ($1.22M). The most common import partners for Nauru are South Korea ($34.6M), Chinese Taipei ($33.1M), Australia ($25.4M), Senegal ($7.43M), and Fiji ($3.58M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Trade Forecasts

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This section shows forecasts for total product exports and imports for Nauru. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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 (2.15k), Fermented Milk Products (149), Non-fillet Frozen Fish (54), Tool Plates (49.3), and Leather Apparel (30.5). 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 Machine-tools for shaping metals, nes (2.02), Machines nes having individual functions (2), Equipment for physical and chemical analysis (1.87), Tool plates, tips, etc, sintered metal carbide, cermet (1.81), and Equipment using X-rays, alpha, beta, gamma rays (1.8). 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 Knit Women's Coats (0.11), Other Knit Garments (0.1), Knit Women's Undergarments (0.1), Knit Men's Undergarments (0.1), and Knit Men's Coats (0.098). 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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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.