Israel (ISR) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

About

Israel-Nicaragua Trade: In 2023, Israel exported $5.06M to Nicaragua. The main products that Israel exported to Nicaragua were Pesticides ($1.41M), Valves ($700k), and Other Heating Machinery ($325k). Over the past 5 years the exports of Israel to Nicaragua have decreased at an annualized rate of 3.73%, from $6.12M in 2018 to $5.06M in 2023.

In 2012, Israel exported services to Nicaragua worth $4.5M, with Computer and information services ($4.5M) being the largest in terms of value.

Nicaragua-Israel Trade: In 2023, Nicaragua exported $933k to Israel. The main products that Nicaragua exported to Israel were Rolled Tobacco ($446k), Knit Sweaters ($136k), and Non-Knit Men's Suits ($86k). Over the past 5 years the exports of Nicaragua to Israel have decreased at an annualized rate of 1.97%, from $1.03M in 2018 to $933k in 2023.

In 2023, Nicaragua did not export any services to Israel.

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Israel exported $5.06M to Nicaragua. The main products exported from Israel to Nicaragua were Pesticides ($1.41M), Valves ($700k), and Other Heating Machinery ($325k). During the last 5 years the exports of Israel to Nicaragua have decreased at an annualized rate of 3.73%, from $6.12M in 2018 to $5.06M in 2023.

In 2018, Nicaragua exported $933k to Israel. The main products exported from Nicaragua to Israel were Rolled Tobacco ($446k), Knit Sweaters ($136k), and Non-Knit Men's Suits ($86k). During the last 5 years the exports of Nicaragua to Israel have decreased at an annualized rate of 1.97%, from $1.03M in 2023 to $933k in 2018.

Exports from Israel () to Nicaragua () (2023)

Exports from Nicaragua () to Israel () (2023)

Latest Data

Trade between Israel () and Nicaragua ()

Israel Exports

Date

Nicaragua Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Israel than Nicaragua included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Nicaragua than Israel included El Salvador ($488M), Mexico ($1.04B), and Honduras ($297M).

Difference in imports from Nicaragua () and Israel () (2023)

Comparative Advantage Israel - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Nicaragua in the exports of Chemical Products ($1.8M), Machines ($1.59M), and Instruments ($876k).

During 2018, Nicaragua had a large net trade with Israel in the exports of Foodstuffs ($477k), Textiles ($342k), and Vegetable Products ($66k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Nicaragua+$783kPackaged Medicaments

Top Product Potential Nicaragua Israel+N/AN/A

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Israel and Nicaragua. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Israel.

About

Historical Data

Bilateral Trade by Products

Exports from Israel () to Nicaragua () (2023)

Exports from Nicaragua () to Israel () (2023)

Latest Data

Trade between Israel () and Nicaragua ()

Israel Exports

Nicaragua Exports

Market Competitiveness

Difference in imports from Nicaragua () and Israel () (2023)

Comparative Advantage Israel - Nicaragua

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Israel () and Nicaragua () (2023)

Keep Exploring