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2022
Flag → Flag
Exports $31MRnk 70 / 185
2022
Flag → Flag
Top Product $4.46MMalt Extract
2022
Flag → Flag
Exports $4.4MRnk 46 / 148
2022
Flag → Flag
Top Product $2.34MRaw Sugar
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC $15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Chile-Nicaragua Trade: In 2022, Chile exported $31M to Nicaragua. The main products that Chile exported to Nicaragua were Malt Extract ($4.46M), Processed Cereals ($4.06M), and Aluminium Foil ($2.67M). Over the past 5 years the exports of Chile to Nicaragua have decreased at an annualized rate of 7.18%, from $45.1M in 2017 to $31M in 2022.

In 2022, Chile did not export any services to Nicaragua.

Nicaragua-Chile Trade: In 2022, Nicaragua exported $4.4M to Chile. The main products that Nicaragua exported to Chile were Raw Sugar ($2.34M), Hard Liquor ($479k), and Recovered Paper ($284k). Over the past 5 years the exports of Nicaragua to Chile have increased at an annualized rate of 5.29%,  from $3.4M in 2017 to $4.4M in 2022.

In 2022, Nicaragua did not export any services to Chile.

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Latest Trends

September, 2024

About

Overview In September 2024, Chile exported $2.21M and imported $1.41k from Nicaragua, resulting in a positive trade balance of $2.2M. Between September 2023 and September 2024 the exports of Chile have decreased by $-209k (-8.66%) from $2.41M to $2.21M, while imports decreased by $-7.64k (-84.4%) from $9.05k to $1.41k.

Trade In September 2024, the top exports of Chile to Nicaragua were Malt Extract ($498k), Processed Cereals ($354k), Other Edible Preparations ($205k), Particle Board ($149k), and Wood Fiberboard ($114k). In September 2024 the top imports of Chile from Nicaragua were Coffee ($83.7k) and Other live plants, cuttings and slips; mushroom... ($1.87k).

Origins In September 2024 the exports of Chile were mainly from Las Condes ($788k), Providencia ($297k), Vitacura ($252k), Padre Las Casas ($182k), and Santiago ($152k), while imports destinations were mainly Providencia ($1.41k).

Growth In September 2024, the decrease in Chile's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Sanitary towels (pads) ($-21.3k or -42.8%). In September 2024, the decrease in Chile's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-209k(-8.66%)
IMPORT GROWTH (September 2023 - September 2024)$-7.64k(-84.4%)
MAIN EXPORTER (September 2024)Las Condes$788k

This section shows exports and imports data at subnational level for Chile. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Chile over time.

To check Nicaragua and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nicaragua and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $31M to Nicaragua. The main products exported from Chile to Nicaragua were Malt Extract ($4.46M), Processed Cereals ($4.06M), and Aluminium Foil ($2.67M). During the last 5 years the exports of Chile to Nicaragua have decreased at an annualized rate of 7.18%, from $45.1M in 2017 to $31M in 2022.

In 2017, Nicaragua exported $4.4M to Chile. The main products exported from Nicaragua to Chile were Raw Sugar ($2.34M), Hard Liquor ($479k), and Recovered Paper ($284k). During the last 5 years the exports of Nicaragua to Chile have increased at an annualized rate of 5.29%, from $3.4M in 2022 to $4.4M in 2017.

Exports from Chile (Flag) to Nicaragua (Flag) (2022)

Exports from Nicaragua (Flag) to Chile (Flag) (2022)

Market Competitiveness

Color
Chile
Top DestinationChina$38.5B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Chile than Nicaragua included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2022, countries that imported more from Nicaragua than Chile included Honduras ($541M), El Salvador ($437M), and Guatemala ($221M).

Difference in imports from Nicaragua (Flag) and Chile (Flag) (2022)

Comparative Advantage Chile - Nicaragua

Flow
Scale

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

During 2022, Chile had a large net trade with Nicaragua in the exports of Foodstuffs ($8.4M), Vegetable Products ($7.19M), and Chemical Products ($3.64M).

During 2017, Nicaragua had a large net trade with Chile in the exports of Foodstuffs ($2.83M), Textiles ($671k), and Paper Goods ($284k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Nicaragua+$837kPackaged Medicaments
Top Product Potential Nicaragua Chile+$1.36MRaw Sugar

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 Chile and Nicaragua. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Chile.

Product Space of Chile (Flag) and Nicaragua (Flag) (2022)

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