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Pricing

2022
Flag → Flag
Exports $23.9kRnk 163 / 182
2022
Flag → Flag
Top Product $5.14kKnit Sweaters
2022
Flag → Flag
Exports $62kRnk 111 / 148
2022
Flag → Flag
Top Product $56.1kRolled Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 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 $18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Croatia-Nicaragua Trade: In 2022, Croatia exported $23.9k to Nicaragua. The main products that Croatia exported to Nicaragua were Knit Sweaters ($5.14k), Industrial Printers ($3.8k), and Washing and Bottling Machines ($3.66k). Over the past 5 years the exports of Croatia to Nicaragua have decreased at an annualized rate of 9.14%, from $38.6k in 2017 to $23.9k in 2022.

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

Nicaragua-Croatia Trade: In 2022, Nicaragua exported $62k to Croatia. The main products that Nicaragua exported to Croatia were Rolled Tobacco ($56.1k), Knit T-shirts ($5.53k), and Shaving Products ($100). Over the past 5 years the exports of Nicaragua to Croatia have increased at an annualized rate of 10.8%,  from $37.2k in 2017 to $62k in 2022.

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

Comparison: In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). 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, Croatia exported $23.9k to Nicaragua. The main products exported from Croatia to Nicaragua were Knit Sweaters ($5.14k), Industrial Printers ($3.8k), and Washing and Bottling Machines ($3.66k). During the last 5 years the exports of Croatia to Nicaragua have decreased at an annualized rate of 9.14%, from $38.6k in 2017 to $23.9k in 2022.

In 2017, Nicaragua exported $62k to Croatia. The main products exported from Nicaragua to Croatia were Rolled Tobacco ($56.1k), Knit T-shirts ($5.53k), and Shaving Products ($100). During the last 5 years the exports of Nicaragua to Croatia have increased at an annualized rate of 10.8%, from $37.2k in 2022 to $62k in 2017.

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

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

Latest Data

Trade between Croatia (Flag) and Nicaragua (Flag)

Croatia Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Croatia than Nicaragua included Italy ($3.44B), Slovenia ($2.87B), and Germany ($2.82B).

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

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

Comparative Advantage Croatia - Nicaragua

Flow
Scale

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

During 2022, Croatia had a large net trade with Nicaragua in the exports of Machines ($15.1k), Textiles ($5.14k), and Metals ($2.19k).

During 2017, Nicaragua had a large net trade with Croatia in the exports of Foodstuffs ($56.1k), Textiles ($5.62k), and Chemical Products ($100).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Nicaragua+$22.7kKnit Sweaters
Top Product Potential Nicaragua Croatia+$169kRolled Tobacco

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

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

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