Switzerland (CHE) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Switzerland-Nicaragua Trade: In 2023, Switzerland exported $22.9M to Nicaragua. The main products that Switzerland exported to Nicaragua were Packaged Medicaments ($5.22M), Machinery Having Individual Functions ($2.41M), and Documents of title (bonds etc) and unused stamps ($1.99M). Over the past 5 years the exports of Switzerland to Nicaragua have increased at an annualized rate of 2.1%, from $20.6M in 2018 to $22.9M in 2023.

In 2023, Switzerland did not export any services to Nicaragua.

Nicaragua-Switzerland Trade: In 2023, Nicaragua exported $313M to Switzerland. The main products that Nicaragua exported to Switzerland were Gold ($244M), Coffee ($53.9M), and Alcohol > 80% ABV ($8.1M). Over the past 5 years the exports of Nicaragua to Switzerland have increased at an annualized rate of 7.01%, from $75.5M in 2018 to $313M in 2023.

In 2023, Nicaragua did not export any services to Switzerland.

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $22.9M to Nicaragua. The main products exported from Switzerland to Nicaragua were Packaged Medicaments ($5.22M), Machinery Having Individual Functions ($2.41M), and Documents of title (bonds etc) and unused stamps ($1.99M). During the last 5 years the exports of Switzerland to Nicaragua have increased at an annualized rate of 2.1%, from $20.6M in 2018 to $22.9M in 2023.

In 2018, Nicaragua exported $313M to Switzerland. The main products exported from Nicaragua to Switzerland were Gold ($244M), Coffee ($53.9M), and Alcohol > 80% ABV ($8.1M). During the last 5 years the exports of Nicaragua to Switzerland have increased at an annualized rate of 7.01%, from $75.5M in 2023 to $313M in 2018.

Exports from Switzerland () to Nicaragua () (2023)

Exports from Nicaragua () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Nicaragua ()

Switzerland Exports

Date

Nicaragua Exports

Date

Mar 2016

Feb 2016

Jan 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Switzerland than Nicaragua included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Nicaragua than Switzerland included El Salvador ($488M), Honduras ($297M), and Guatemala ($186M).

Difference in imports from Nicaragua () and Switzerland () (2023)

Comparative Advantage Switzerland - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Nicaragua in the exports of Chemical Products ($7.8M), Machines ($7.56M), and Metals ($2.24M).

During 2018, Nicaragua had a large net trade with Switzerland in the exports of Precious Metals ($245M), Vegetable Products ($55.6M), and Foodstuffs ($10.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Nicaragua+$6.66MPackaged Medicaments

Top Product Potential Nicaragua Switzerland+$56.5MGold

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Nicaragua () (2023)

Exports from Nicaragua () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Nicaragua ()

Switzerland Exports

Nicaragua Exports

Market Competitiveness

Difference in imports from Nicaragua () and Switzerland () (2023)

Comparative Advantage Switzerland - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Nicaragua () (2023)

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