India (IND) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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India-Nicaragua In 2022, India exported $455M to Nicaragua. The main products that India exported to Nicaragua are Other Non-Knit Clothing Accessories ($235M), Packaged Medicaments ($43M), and Light Rubberized Knitted Fabric ($33.5M). During the last 27 years the exports of India to Nicaragua have increased at an annualized rate of 24.2%, from $1.31M in 1995 to $455M in 2022.

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

Nicaragua-India In 2022, Nicaragua exported $11M to India. The main products that Nicaragua exported to India were Sawn Wood ($3.06M), Scrap Iron ($3.02M), and Rough Wood ($2.52M). During the last 27 years the exports of Nicaragua to India have increased at an annualized rate of 21.3%, from $59.1k in 1995 to $11M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03), and 111 in total exports ($7.92B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $9.59M and imported $7.31M from Nicaragua, resulting in a positive trade balance of $2.28M. Between January 2023 and January 2024 the exports of India have increased by $3.27M (51.6%) from $6.33M to $9.59M, while imports increased by $5.96M (441%) from $1.35M to $7.31M.

Trade In January 2024, the top exports of India to Nicaragua were Indl. Machnry For Dairy Etc ($1.39M), Drug Formulations, Biologicals ($1.03M), Motor Vehicle/Cars ($745k), Agro Chemicals ($471k), and Two And Three Wheelers ($379k). In January 2024 the top imports of India from Nicaragua were Iron And Steel ($595k), Plywood And Allied Products ($531k), Other Wood And Wood Products ($127k), Aluminium, Products Of Aluminm ($92.4k), and Plastic Raw Materials ($6.14k).

Growth In January 2024, the increase in India's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Indl. Machnry For Dairy Etc ($1.32M or 1.78k%), Agro Chemicals ($445k or 1.69k%), and Moulded And Extruded Goods ($172k or 179%). In January 2024, the increase in India's year-by-year imports from Nicaragua was explained primarily by an increase in product imports in Plywood And Allied Products ($344k or 185%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$3.27M(51.6%)

IMPORT GROWTH (January 2023 - January 2024)$5.96M(441%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $455M to Nicaragua. The main products exported from India to Nicaragua were Other Non-Knit Clothing Accessories ($235M), Packaged Medicaments ($43M), and Light Rubberized Knitted Fabric ($33.5M). During the last 27 years the exports of India to Nicaragua have increased at an annualized rate of 24.2%, from $1.31M in 1995 to $455M in 2022.

In 2022, Nicaragua exported $11M to India. The main products exported from Nicaragua to India were Sawn Wood ($3.06M), Scrap Iron ($3.02M), and Rough Wood ($2.52M). During the last 27 years the exports of Nicaragua to India have increased at an annualized rate of 21.3%, from $59.1k in 1995 to $11M in 2022.

Exports from India () to Nicaragua () (2022)

Exports from Nicaragua () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Nicaragua
Top DestinationUnited States$4.09B

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

In 2021, countries that imported more from India than Nicaragua were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Nicaragua than India were Honduras ($541M) and El Salvador ($437M).

Difference in imports from Nicaragua () and India () (2022)

Comparative Advantage India - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Nicaragua in the exports of Textiles ($304M), Chemical Products ($57.4M), and Transportation ($38M).

During 2022, Nicaragua had a large net trade with India in the exports of Wood Products ($5.57M), Metals ($3.32M), and Machines ($983k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Nicaragua () (2022)

Exports from Nicaragua () to India () (2022)

Market Competitiveness

Difference in imports from Nicaragua () and India () (2022)

Comparative Advantage India - Nicaragua

Economic Complexity

Competitive Landscape

Product Space of India () and Nicaragua () (2022)

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