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Pricing

2022
Flag → Flag
Exports $194MRnk 88 / 224
2022
Flag → Flag
Top Product $49.9MBuses
2022
Flag → Flag
Exports $66.6MRnk 13 / 148
2022
Flag → Flag
Top Product $24MGround Nuts
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

United Kingdom-Nicaragua Trade: In 2022, United Kingdom exported $194M to Nicaragua. The main products that United Kingdom exported to Nicaragua were Buses ($49.9M), Plastic Building Materials ($11.9M), and Raw Aluminium ($9.03M). Over the past 5 years the exports of United Kingdom to Nicaragua have increased at an annualized rate of 63.3%, from $16.7M in 2017 to $194M in 2022.

In 2022, United Kingdom did not export any services to Nicaragua.

Nicaragua-United Kingdom Trade: In 2022, Nicaragua exported $66.6M to United Kingdom. The main products that Nicaragua exported to United Kingdom were Ground Nuts ($24M), Crustaceans ($13.3M), and Coffee ($9.63M). Over the past 5 years the exports of Nicaragua to United Kingdom have decreased at an annualized rate of 2.19%,  from $86.9M in 2017 to $66.6M in 2022.

In 2022, Nicaragua did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £197k and imported £6.25M from Nicaragua, resulting in a negative trade balance of £6.05M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £52.6k (36.4%) from £145k to £197k, while imports decreased by £-1.99M (-24.2%) from £8.24M to £6.25M.

Trade In August 2024, the top exports of United Kingdom to Nicaragua were Other Coloring Matter (£48.4k), Refrigerators (£43k), Other Heating Machinery (£22.5k), Telephones (£15.9k), and Coffee and Tea Extracts (£12.8k). In August 2024 the top imports of United Kingdom from Nicaragua were Bananas (£1.61M), Ground Nuts (£812k), Crustaceans (£734k), Coffee (£461k), and Knit Men's Suits (£210k).

Origins In August 2024 the exports of United Kingdom were mainly from London Gateway (£108k), Southampton (£33.5k), London Heathrow Airport (£30.4k), Ayr (£13.9k), and Belfast International Airport (£8.85k), while imports destinations were mainly London Gateway (£3.43M), Southampton (£2.1M), Middlesbrough (£400k), Liverpool (£161k), and London Heathrow Airport (£82.5k).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Refrigerators (£35.3k or 459%), Other Heating Machinery (£21.4k or 1.87k%), and Telephones (£6.34k or 66.4%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in Crustaceans (£-202k or -21.6%), Knit T-shirts (£-42.3k or -60.9%), and Rolled Tobacco (£-6.28k or -16.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£52.6k(36.4%)
IMPORT GROWTH (August 2023 - August 2024)£-1.99M(-24.2%)
MAIN EXPORTER (August 2024)London Gateway£108k

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

To check Nicaragua and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nicaragua and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $194M to Nicaragua. The main products exported from United Kingdom to Nicaragua were Buses ($49.9M), Plastic Building Materials ($11.9M), and Raw Aluminium ($9.03M). During the last 5 years the exports of United Kingdom to Nicaragua have increased at an annualized rate of 63.3%, from $16.7M in 2017 to $194M in 2022.

In 2017, Nicaragua exported $66.6M to United Kingdom. The main products exported from Nicaragua to United Kingdom were Ground Nuts ($24M), Crustaceans ($13.3M), and Coffee ($9.63M). During the last 5 years the exports of Nicaragua to United Kingdom have decreased at an annualized rate of 2.19%, from $86.9M in 2022 to $66.6M in 2017.

Exports from United Kingdom (Flag) to Nicaragua (Flag) (2022)

Exports from Nicaragua (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from United Kingdom than Nicaragua included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Nicaragua than United Kingdom included Honduras ($541M), El Salvador ($437M), and Guatemala ($221M).

Difference in imports from Nicaragua (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Nicaragua

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Nicaragua in the exports of Transportation ($56.2M), Plastics and Rubbers ($26.7M), and Chemical Products ($21.9M).

During 2017, Nicaragua had a large net trade with United Kingdom in the exports of Vegetable Products ($40.1M), Animal Products ($13.4M), and Foodstuffs ($8.95M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Nicaragua+$3.54MCars
Top Product Potential Nicaragua United Kingdom+$10MCoffee

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

Product Space of United Kingdom (Flag) and Nicaragua (Flag) (2022)

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