Flag Ecuador / Nicaragua Flag

2019
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Exports
: $144M, Rnk 22 / 169

2019
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Top Product
: $116M, Refined Petroleum

2019
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Exports
: $27.2M, Rnk 19 / 138

2019
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Top Product
: $19M, Non-fillet Frozen Fish

2019
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Economic Complexity (ECI)
: ECI -0.76, Rnk 110 / 146

2019
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Economic Complexity (ECI)
: ECI -0.99, Rnk 119 / 146

2019
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GDP
: $107B, CURRENT US$
Rnk 59 / 187

2009-2019
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GDP GROWTH
: 71.8%, CURRENT US$
Rnk 58 / 187

2019
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 GDP
: $12.5B, CURRENT US$
Rnk 134 / 187

2009-2019
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GDP GROWTH
: 50.9%, CURRENT US$
Rnk 92 / 187

2019
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GDP PC 
: $6,184, CURRENT US$
Rnk 95 / 187

2009-2019
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GDP PC GROWTH
: 46.1%, CURRENT US$
Rnk 62 / 187

2019
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GDP PC
: $1,913, CURRENT US$
Rnk 144 / 187

2009-2019
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GDP PC GROWTH
: 32.4%, CURRENT US$
Rnk 86 / 187

Ecuador-Nicaragua In 2019, Ecuador exported $144M to Nicaragua. The main products that Ecuador exported to Nicaragua are Refined Petroleum ($116M), Raw Tobacco ($21.2M), and Iron Stovetops ($1.17M). During the last 24 years the exports of Ecuador to Nicaragua have increased at an annualized rate of 12.5%, from $8.55M in 1995 to $144M in 2019.

In 2019, Ecuador did not export any services to Nicaragua.

Nicaragua-Ecuador In 2019, Nicaragua exported $27.2M to Ecuador . The main products that Nicaragua exported to Ecuador were Non-fillet Frozen Fish ($19M), Styrene Polymers ($1.74M), and Industrial Fatty Acids, Oils and Alcohols ($1.48M). During the last 24 years the exports of Nicaragua to Ecuador have increased at an annualized rate of 13.5%, from $1.32M in 1995 to $27.2M in 2019.

In 2019, Nicaragua did not export any services to Ecuador.

Comparison In 2019,  Ecuador ranked 110 in the Economic Complexity Index (ECI -0.76), and 70 in total exports ($22.9B). That same year, Nicaragua ranked 119 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($5.57B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Ecuador exported $144M to Nicaragua. The main products exported from Ecuador to Nicaragua were Refined Petroleum ($116M), Raw Tobacco ($21.2M), and Iron Stovetops ($1.17M). During the last 24 years the exports of Ecuador to Nicaragua have increased at an annualized rate of 12.5%, from $8.55M in 1995 to $144M in 2019.

In 2019, Nicaragua exported $27.2M to Ecuador. The main products exported from Nicaragua to Ecuador were Non-fillet Frozen Fish ($19M), Styrene Polymers ($1.74M), and Industrial Fatty Acids, Oils and Alcohols ($1.48M). During the last 24 years the exports of Nicaragua to Ecuador have increased at an annualized rate of 13.5%, from $1.32M in 1995 to $27.2M in 2019.

Ecuador Exports

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Nicaragua Exports

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Date

Market Competitiveness

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Measure

Ecuador
Top Destination
: United States, $6.76B

Nicaragua
Top Destination
: United States, $3.37B

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

In 2019, countries that imported more from Ecuador than Nicaragua were United States ($6.76B), China ($2.85B), and Panama ($1.92B).

In 2019, countries that imported more from Nicaragua than Ecuador were El Salvador ($300M), Honduras ($246M), and Mexico ($296M).

Comparative Advantage Ecuador - Nicaragua

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Depth

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

During 2019, Ecuador had a large net trade with Nicaragua in the exports of Mineral Products ($116M), Foodstuffs ($24M), and Metals ($1.23M).

During 2019, Nicaragua had a large net trade with Ecuador in the exports of Animal Products ($19M), Chemical Products ($2.84M), and Plastics and Rubbers ($1.78M).

Tariff Section

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This section shows import tariffs for products traded between Ecuador and Nicaragua (using the HS6 product classification and the last year reported).

In 2018, the products from Ecuador that paid the highest import tariffs to enter Nicaragua were Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, fresh or chilled (85.5%) and Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, frozen (85.5%).

In 2018, the products from Nicaragua that paid the highest import tariffs to enter Ecuador were Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, fresh or chilled (67.6%) and Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, frozen (67.6%).

*The tariffs present between Ecuador and Nicaragua are:
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Ecuador has comparative advantage over Nicaragua. Similarly, the more red a dot/product is, the more Nicaragua has comparative advantage over Ecuador.