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2022
Flag → Flag
Exports $340MRnk 32 / 166
2022
Flag → Flag
Top Product $259MCrude Petroleum
2022
Flag → Flag
Exports $24.3MRnk 50 / 168
2022
Flag → Flag
Top Product $12.6MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Nigeria-Uruguay Trade: In 2022, Nigeria exported $340M to Uruguay. The main products that Nigeria exported to Uruguay were Crude Petroleum ($259M), Nitrogenous Fertilizers ($80.4M), and Cocoa Paste ($557k). Over the past 5 years the exports of Nigeria to Uruguay have increased at an annualized rate of 15.3%, from $167M in 2017 to $340M in 2022.

In 2022, Nigeria did not export any services to Uruguay.

Uruguay-Nigeria Trade: In 2022, Uruguay exported $24.3M to Nigeria. The main products that Uruguay exported to Nigeria were Non-fillet Frozen Fish ($12.6M), Concentrated Milk ($10.6M), and Non-fillet Fresh Fish ($718k). Over the past 5 years the exports of Uruguay to Nigeria have increased at an annualized rate of 1.16%,  from $22.9M in 2017 to $24.3M in 2022.

In 2022, Uruguay did not export any services to Nigeria.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $340M to Uruguay. The main products exported from Nigeria to Uruguay were Crude Petroleum ($259M), Nitrogenous Fertilizers ($80.4M), and Cocoa Paste ($557k). During the last 5 years the exports of Nigeria to Uruguay have increased at an annualized rate of 15.3%, from $167M in 2017 to $340M in 2022.

In 2017, Uruguay exported $24.3M to Nigeria. The main products exported from Uruguay to Nigeria were Non-fillet Frozen Fish ($12.6M), Concentrated Milk ($10.6M), and Non-fillet Fresh Fish ($718k). During the last 5 years the exports of Uruguay to Nigeria have increased at an annualized rate of 1.16%, from $22.9M in 2022 to $24.3M in 2017.

Exports from Nigeria (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Uruguay (Flag)

Nigeria Exports

Uruguay Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Nigeria than Uruguay included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Uruguay than Nigeria included China ($2.89B), Argentina ($999M), and Algeria ($229M).

Difference in imports from Uruguay (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Uruguay

Flow
Scale

This chart compares trade between Nigeria and Uruguay by product, considering products traded by both, Nigeria and Uruguay.

During 2022, Nigeria had a large net trade with Uruguay in the exports of Mineral Products ($259M), Chemical Products ($80.4M), and Foodstuffs ($651k).

During 2017, Uruguay had a large net trade with Nigeria in the exports of Animal Products ($24M), Paper Goods ($279k), and Metals ($8.72k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Uruguay+$48.3MCrude Petroleum
Top Product Potential Uruguay Nigeria+$2.26MConcentrated Milk

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Nigeria and Uruguay. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Uruguay. Similarly, a dot/product with the flag of Uruguay indicates it has a comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and Uruguay (Flag) (2022)

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