Editing Economy of Nauru (section)

== Balance of payments ==
Phosphate is Nauru's only export product, although the government also receives relatively significant foreign exchange income from licensing its rich skipjack tuna fishing grounds to foreign fishing vessels, which land an annual average of 50,000 tonnes of Nauru zone-caught tuna overseas.<ref name="NFMRAplan">{{cite web | last=Nauru Fisheries and Marine Resources Authority| title=NFMRA Corporate Plan| url=https://docs.google.com/viewer?a=v&pid=sites&srcid=ZGVmYXVsdGRvbWFpbnxuYXVydWZpc2hlcmllc3xneDo2NmI1ODczMDQyMzkwNzZi|  publisher=Government of Nauru | access-date=2018-03-13 }}</ref> In 2004 income from phosphate export was US$640,000, with Australia, New Zealand and Japan serving as the country's major export markets. In the same year the Nauru government budget shows that income from licensing foreign fishing vessels was over US$3,000,000.{{citation needed|date=May 2025}}

Nauru needs to import almost all basic and capital goods, including food, water, fuel, and manufactured goods, with Australia and New Zealand as its major import sources. In 2004 Nauru's imports totaled about US$19.8 million.<ref name="autogenerated1" />