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2022
Flag → Flag
Exports $74.4MRnk 116 / 218
2022
Flag → Flag
Top Product $8.62MPackaged Medicaments
2022
Flag → Flag
Exports $157MRnk 7 / 148
2022
Flag → Flag
Top Product $97.6MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Spain-Nicaragua Trade: In 2022, Spain exported $74.4M to Nicaragua. The main products that Spain exported to Nicaragua were Packaged Medicaments ($8.62M), Iron Structures ($3.05M), and Mixed Mineral or Chemical Fertilizers ($2.41M). Over the past 5 years the exports of Spain to Nicaragua have increased at an annualized rate of 0.075%, from $74.2M in 2017 to $74.4M in 2022.

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

Nicaragua-Spain Trade: In 2022, Nicaragua exported $157M to Spain. The main products that Nicaragua exported to Spain were Petroleum Gas ($97.6M), Crustaceans ($29.6M), and Coffee ($17.2M). Over the past 5 years the exports of Nicaragua to Spain have increased at an annualized rate of 20.9%,  from $60.8M in 2017 to $157M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €2.99M and imported €3.43M from Nicaragua, resulting in a negative trade balance of €447k. Between August 2023 and August 2024 the exports of Spain have increased by €269k (9.92%) from €2.72M to €2.99M, while imports decreased by €-1.54M (-31%) from €4.97M to €3.43M.

Trade In August 2024, the top exports of Spain to Nicaragua were Aluminium Structures (€361k), Packaged Medicaments (€255k), Unglazed Ceramics (€253k), Centrifuges (€210k), and Mixed Mineral or Chemical Fertilizers (€172k). In August 2024 the top imports of Spain from Nicaragua were Crustaceans (€2.47M), Coffee (€982k), Rolled Tobacco (€434k), Hard Liquor (€117k), and Textile Scraps (€105k).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€530k), Madrid (€518k), Sevilla (€283k), Granada (€226k), and Murcia (€216k), while imports destinations were mainly Valencia (€1.04M), Pontevedra (€735k), La Rioja (€559k), Toledo (€266k), and Barcelona (€245k).

Growth In August 2024, the increase in Spain's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Centrifuges (€207k or 7.4k%), Brochures (€126k or 2.17k%), and Unglazed Ceramics (€54.4k or 27.4%). In August 2024, the decrease in Spain's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in Knit Sweaters (€-24.2k or -85.3%), Non-Knit Men's Suits (€-21.7k or -93.5%), and Knit Women's Shirts (€-110 or -23.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€269k(9.92%)
IMPORT GROWTH (August 2023 - August 2024)€-1.54M(-31%)
MAIN EXPORTER (August 2024)Barcelona€530k

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

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

For full datasets download visit Bulk Download page.

Explore Nicaragua and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $74.4M to Nicaragua. The main products exported from Spain to Nicaragua were Packaged Medicaments ($8.62M), Iron Structures ($3.05M), and Mixed Mineral or Chemical Fertilizers ($2.41M). During the last 5 years the exports of Spain to Nicaragua have increased at an annualized rate of 0.075%, from $74.2M in 2017 to $74.4M in 2022.

In 2017, Nicaragua exported $157M to Spain. The main products exported from Nicaragua to Spain were Petroleum Gas ($97.6M), Crustaceans ($29.6M), and Coffee ($17.2M). During the last 5 years the exports of Nicaragua to Spain have increased at an annualized rate of 20.9%, from $60.8M in 2022 to $157M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Spain than Nicaragua included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Nicaragua than Spain included Honduras ($541M), El Salvador ($437M), and Haiti ($17.8M).

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

Comparative Advantage Spain - Nicaragua

Flow
Scale

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

During 2022, Spain had a large net trade with Nicaragua in the exports of Chemical Products ($19M), Machines ($14.5M), and Metals ($8.64M).

During 2017, Nicaragua had a large net trade with Spain in the exports of Mineral Products ($97.9M), Animal Products ($29.7M), and Vegetable Products ($20.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Nicaragua+$5.55MPackaged Medicaments
Top Product Potential Nicaragua Spain+$9.95MCoffee

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

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

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