Nicaragua (NIC) and Greenland (GRL) Trade | The Observatory of Economic Complexity

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Nicaragua-Greenland In 2016, Nicaragua exported $297 to Greenland. The main products that Nicaragua exported to Greenland are N/A. During the last 21 years the exports of Nicaragua to Greenland have decreased at an annualized rate of 5.52%, from $979 in 1995 to $297 in 2016.

In 2016, Nicaragua did not export any services to Greenland.

Greenland-Nicaragua In 2016, Greenland exported $24 to Nicaragua. The main products that Greenland exported to Nicaragua were N/A. During the last 21 years the exports of Greenland to Nicaragua have decreased at an annualized rate of 19.8%, from $2.47k in 1995 to $24 in 2016.

In 2016, Greenland did not export any services to Nicaragua.

Comparison In 2022, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B). That same year, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2016, Nicaragua exported $297 to Greenland. There were not main exports from Nicaragua to Greenland in 2016. During the last 21 years the exports of Nicaragua to Greenland have decreased at an annualized rate of 5.52%, from $979 in 1995 to $297 in 2016.

In 2013, Greenland exported $24 to Nicaragua. There were not main exports from Greenland to Nicaragua in 2013. During the last 15 years the exports of Greenland to Nicaragua have decreased at an annualized rate of 19.8%, from $2.47k in 1998 to $24 in 2013.

Exports from Nicaragua () to Greenland () (2016)

Exports from Greenland () to Nicaragua () (2016)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.09B

Greenland
Top DestinationDenmark$731M

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

In 2021, countries that imported more from Nicaragua than Greenland were United States ($4.09B), Mexico ($943M), and Honduras ($541M).

In 2021, countries that imported more from Greenland than Nicaragua were Denmark ($731M), China ($353M), and Japan ($77M).

Difference in imports from Greenland () and Nicaragua () (2022)

Comparative Advantage Nicaragua - Greenland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Nicaragua and Greenland by product, considering products traded by both, Nicaragua and Greenland.

During 2016, Nicaragua had a large net trade with Greenland in the exports of .

During 2013, Greenland had a large net trade with Nicaragua in the exports of .

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Nicaragua has comparative advantage over Greenland. Similarly, the more yellow a dot/product is, the more Greenland has comparative advantage over Nicaragua.

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Greenland () (2016)

Exports from Greenland () to Nicaragua () (2016)

Market Competitiveness

Difference in imports from Greenland () and Nicaragua () (2022)

Comparative Advantage Nicaragua - Greenland

Economic Complexity

Competitive Landscape

Product Space of Nicaragua () and Greenland () (2016)

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