Naoero: Merchandise exports by the reporting economy (current US$)

Key figures

What the numbers say

In 2023, Naoero's merchandise exports by the reporting economy (current US$) fell 1.6% on 2022 (from US$215.23 million to US$211.74 million).

Across the 22 yearly changes before that (2001 to 2022), the average change was +53.2% and a typical year strayed about 143.2% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 529.2% in 2008 and the biggest yearly fall was 80% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about US$25.19 million a year. A straight line explains 75% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Naoero had the 178th highest value of the 205 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Naoero in the 2023 ranking

• Micronesia, Fed. Sts. — 174th of 205: US$234.6 million
• Guam — 175th of 205: US$219.73 million
• San Marino — 176th of 205: US$213.34 million
• Cabo Verde — 178th of 205: US$170.84 million
• Suriname — 179th of 205: US$168.96 million
• Timor-Leste — 180th of 205: US$165.55 million

What this measures

Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.

Regional and income-group figures are computed by the World Bank as a sum.

All 24 values

Merchandise exports by the reporting economy (current US$) in nearby economies

• American Samoa — US$17.41 million (2023)
• Australia — US$362.3 billion (2023)
• Brunei Darussalam — US$10.53 billion (2023)
• Cambodia — US$22.04 billion (2023)
• China — US$3.42 trillion (2023)
• Fiji — US$732.24 million (2023)
• French Polynesia — US$2.26 million (2023)
• Guam — US$219.73 million (2023)
• Hong Kong SAR, China

More private sector & trade data for Naoero

• Import unit value index (2015 = 100) — 111.3 (2025)
• Export unit value index (2015 = 100) — 92 (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 76.56% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 9.51% (2023)
• Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 13.93% (2023)
• Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0% (2023)
• Merchandise imports by the reporting economy (current US$) — US$71.29 million (2023)

Reading data like this

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Questions people ask

What is Naoero's merchandise exports by the reporting economy (current US$)?

US$211.74 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is up 537.22% from US$33.23 million in 2000 (8.39% a year on average, compounded). The highest value was US$215.23 million in 2022 and the lowest US$4.13 million in 2005.

How does Naoero rank?

178th highest of 205 economies with data for 2023.

Is the latest change in merchandise exports by the reporting economy (current US$) unusual for Naoero?

In 2023, Naoero's merchandise exports by the reporting economy (current US$) fell 1.6% on 2022 (from US$215.23 million to US$211.74 million). Across the 22 yearly changes before that (2001 to 2022), the average change was +53.2% and a typical year strayed about 143.2% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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