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Pricing

2022
Flag → Flag
Exports $1.04BRnk 122 / 211
2022
Flag → Flag
Top Product $141MLight Rubberized Knitted Fabric
2022
Flag → Flag
Exports $25.3MRnk 19 / 148
2022
Flag → Flag
Top Product $18.6MPrecious Metal Ore
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 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 $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
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GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

China-Nicaragua Trade: In 2022, China exported $1.04B to Nicaragua. The main products that China exported to Nicaragua were Light Rubberized Knitted Fabric ($141M), Broadcasting Equipment ($55.1M), and Trunks and Cases ($51M). Over the past 5 years the exports of China to Nicaragua have increased at an annualized rate of 178%, from $6.3M in 2017 to $1.04B in 2022.

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

Nicaragua-China Trade: In 2022, Nicaragua exported $25.3M to China. The main products that Nicaragua exported to China were Precious Metal Ore ($18.6M), Non-Iron and Steel Slag, Ash and Residues ($5.19M), and Ground Nut Oil ($4.65M). Over the past 5 years the exports of Nicaragua to China have increased at an annualized rate of 323%,  from $18.7k in 2017 to $25.3M in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $98.1M and imported $4.44M from Nicaragua, resulting in a positive trade balance of $93.6M. Between May 2023 and May 2024 the exports of China have increased by $22.6M (29.9%) from $75.5M to $98.1M, while imports increased by $2.33M (110%) from $2.12M to $4.44M.

Trade In May 2024, the top exports of China to Nicaragua were Motorcycles and cycles ($2.36M), Rubber Tires ($2.33M), Other knitted or crocheted fabrics. ($2.15M), Iron Cloth ($2.03M), and Glass Bottles ($1.7M). In May 2024 the top imports of China from Nicaragua were Scrap Copper ($649k), Precious Metal Ore ($470k), Copper Ore ($354k), Rolled Tobacco ($256k), and Knit Men's Suits ($150k).

Origins In May 2024 the exports of China were mainly from Zhejiang Province ($27.5M), Guangdong Province ($22.6M), Shandong Province ($11.7M), Jiangsu Province ($9.73M), and Chongqing ($3.71M), while imports destinations were mainly Beijing ($1.31M), Shandong Province ($865k), Shanghai Province ($670k), Guangdong Province ($512k), and Shaanxi Province ($306k).

Growth In May 2024, the increase in China's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Glass Bottles ($1.7M or 21.8k%), Machinery Having Individual Functions ($1.22M or 707%), and Rubber Tires ($853k or 57.9%). In May 2024, the increase in China's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Knit Men's Suits ($149k or 11.5k%), Scrap Copper ($110k or 20.4%), and Knit T-shirts ($22.7k or 2.09k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$22.6M(29.9%)
IMPORT GROWTH (May 2023 - May 2024)$2.33M(110%)
MAIN EXPORTER (May 2024)Zhejiang Province$27.5M

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 2022, China exported $1.04B to Nicaragua. The main products exported from China to Nicaragua were Light Rubberized Knitted Fabric ($141M), Broadcasting Equipment ($55.1M), and Trunks and Cases ($51M). During the last 5 years the exports of China to Nicaragua have increased at an annualized rate of 178%, from $6.3M in 2017 to $1.04B in 2022.

In 2017, Nicaragua exported $25.3M to China. The main products exported from Nicaragua to China were Precious Metal Ore ($18.6M), Non-Iron and Steel Slag, Ash and Residues ($5.19M), and Ground Nut Oil ($4.65M). During the last 22 years the exports of Nicaragua to China have increased at an annualized rate of 323%, from $18.7k in 1995 to $25.3M in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Nicaragua
Top DestinationUnited States$4.09B

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 2022, countries that imported more from China than Nicaragua included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Nicaragua than China included Saint Martin ($22.9k).

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

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 2022, China had a large net trade with Nicaragua in the exports of Machines ($298M), Textiles ($264M), and Metals ($113M).

During 2017, Nicaragua had a large net trade with China in the exports of Mineral Products ($24.1M), Animal and Vegetable Bi-Products ($4.65M), and Metals ($3.27M).

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) (2022)

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