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Pricing

2023
Flag → Flag
Exports $1.41BRnk 118 / 208
2023
Flag → Flag
Top Product $64.5MTrunks and Cases
2023
Flag → Flag
Exports $27.7MRnk 20 / 149
2023
Flag → Flag
Top Product $7.58MGround Nut Oil
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

China-Nicaragua Trade: In 2023, China exported $1.41B to Nicaragua. The main products that China exported to Nicaragua were Trunks and Cases ($64.5M), Light Rubberized Knitted Fabric ($58.1M), and Motorcycles and cycles ($55.2M). Over the past 5 years the exports of China to Nicaragua have increased at an annualized rate of 7.34%, from $993M in 2018 to $1.41B in 2023.

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

Nicaragua-China Trade: In 2023, Nicaragua exported $27.7M to China. The main products that Nicaragua exported to China were Ground Nut Oil ($7.58M), Scrap Copper ($4.19M), and Crustaceans ($3.91M). Over the past 5 years the exports of Nicaragua to China have decreased at an annualized rate of 14.4%,  from $96.2M in 2018 to $27.7M in 2023.

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

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $107M and imported $9.83M from Nicaragua, resulting in a positive trade balance of $96.8M. Between December 2023 and December 2024 the exports of China have increased by $37M (53%) from $69.7M to $107M, while imports increased by $7.41M (307%) from $2.42M to $9.83M.

Trade In December 2024, the top exports of China to Nicaragua were Other knitted or crocheted fabrics. ($9.67M), Motorcycles and cycles ($5.22M), Rubber Tires ($2.29M), Delivery Trucks ($2.12M), and Hot-Rolled Iron Bars ($1.81M). In December 2024 the top imports of China from Nicaragua were Crustaceans ($1.05M), Rough Wood ($360k), Scrap Copper ($350k), Rolled Tobacco ($79.4k), and Copper Ore ($69.8k).

Origins In December 2024 the exports of China were mainly from Henan Province ($20.6M), Zhejiang Province ($20M), Guangdong Province ($12.3M), Shandong Province ($11.5M), and Jiangsu Province ($9.87M), while imports destinations were mainly Jiangxi Province ($6.2M), Beijing ($1.72M), Guangdong Province ($1.05M), Zhejiang Province ($390k), and Shanghai Province ($201k).

Growth In December 2024, the increase in China's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Other knitted or crocheted fabrics. ($7.52M or 350%), Motorcycles and cycles ($2.86M or 121%), and Delivery Trucks ($1.72M or 427%). In December 2024, the increase in China's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Rough Wood ($241k or 202%), Knit T-shirts ($19.6k or 82.4%), and Non-Knit Men's Coats ($14.4k or 10.6k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$37M(53%)
IMPORT GROWTH (December 2023 - December 2024)$7.41M(307%)
MAIN EXPORTER (December 2024)Henan Province$20.6M

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

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

For full datasets download visit Bulk Download page.

Explore Nicaragua and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $1.41B to Nicaragua. The main products exported from China to Nicaragua were Trunks and Cases ($64.5M), Light Rubberized Knitted Fabric ($58.1M), and Motorcycles and cycles ($55.2M). During the last 5 years the exports of China to Nicaragua have increased at an annualized rate of 7.34%, from $993M in 2018 to $1.41B in 2023.

In 2018, Nicaragua exported $27.7M to China. The main products exported from Nicaragua to China were Ground Nut Oil ($7.58M), Scrap Copper ($4.19M), and Crustaceans ($3.91M). During the last 5 years the exports of Nicaragua to China have decreased at an annualized rate of 14.4%, from $96.2M in 2023 to $27.7M in 2018.

Exports from China (Flag) to Nicaragua (Flag) (2023)

Exports from Nicaragua (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from China than Nicaragua included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Nicaragua than China included Saint Martin ($295k).

Difference in imports from Nicaragua (Flag) and China (Flag) (2023)

Comparative Advantage China - Nicaragua

Flow
Scale

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

During 2023, China had a large net trade with Nicaragua in the exports of Machines ($394M), Metals ($180M), and Textiles ($162M).

During 2018, Nicaragua had a large net trade with China in the exports of Animal and Vegetable Bi-Products ($7.58M), Mineral Products ($5.98M), and Metals ($5.77M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Nicaragua+$36.5MTelephones
Top Product Potential Nicaragua China+$3.9MPrecious Metal Ore

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

Product Space of China (Flag) and Nicaragua (Flag) (2023)

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