2022
Flag  
GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC 
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH
7.9%CURRENT US$
Rnk 123 / 186
2022
Flag
GDP PC
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186

About

Cyprus-Nicaragua Trade: In 2022, Cyprus exported $60.2k to Nicaragua. The main products that Cyprus exported to Nicaragua were Packaged Medicaments ($50.1k), Knit Gloves ($3.66k), and Medical Instruments ($2.83k). Over the past 5 years the exports of Cyprus to Nicaragua have increased at an annualized rate of 46.9%, from $8.82k in 2017 to $60.2k in 2022.

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

Nicaragua-Cyprus Trade: In 2022, Nicaragua exported $2.24M to Cyprus. The main products that Nicaragua exported to Cyprus were Rolled Tobacco ($2.04M), Coffee ($98.5k), and Other Footwear ($95.7k). Over the past 5 years the exports of Nicaragua to Cyprus have increased at an annualized rate of 90.2%,  from $90.2k in 2017 to $2.24M in 2022.

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

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $60.2k to Nicaragua. The main products exported from Cyprus to Nicaragua were Packaged Medicaments ($50.1k), Knit Gloves ($3.66k), and Medical Instruments ($2.83k). During the last 5 years the exports of Cyprus to Nicaragua have increased at an annualized rate of 46.9%, from $8.82k in 2017 to $60.2k in 2022.

In 2017, Nicaragua exported $2.24M to Cyprus. The main products exported from Nicaragua to Cyprus were Rolled Tobacco ($2.04M), Coffee ($98.5k), and Other Footwear ($95.7k). During the last 5 years the exports of Nicaragua to Cyprus have increased at an annualized rate of 90.2%, from $90.2k in 2022 to $2.24M in 2017.

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

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

Latest Data

Trade between Cyprus (Flag) and Nicaragua (Flag)

Cyprus Exports

Nicaragua Exports

Market Competitiveness

Color
Cyprus
Top Destination
Hong Kong$482M
Nicaragua
Top Destination
United States$4.09B

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

In 2022, countries that imported more from Cyprus than Nicaragua included Greece ($471M), Hong Kong ($482M), and Lebanon ($329M).

In 2022, countries that imported more from Nicaragua than Cyprus included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

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

Comparative Advantage Cyprus - Nicaragua

Flow
Scale

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

During 2022, Cyprus had a large net trade with Nicaragua in the exports of Chemical Products ($50.1k), Textiles ($4.8k), and Instruments ($2.83k).

During 2017, Nicaragua had a large net trade with Cyprus in the exports of Foodstuffs ($2.04M), Vegetable Products ($98.5k), and Footwear and Headwear ($95.7k).

Economic Complexity

Competitive Landscape

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

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

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