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Pricing

2022
Flag → Flag
Exports $126MRnk 107 / 211
2022
Flag → Flag
Top Product $29.3MDelivery Trucks
2022
Flag → Flag
Exports $23.4MRnk 26 / 148
2022
Flag → Flag
Top Product $10.5MCoffee
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Japan-Nicaragua Trade: In 2022, Japan exported $126M to Nicaragua. The main products that Japan exported to Nicaragua were Delivery Trucks ($29.3M), Hot-Rolled Iron ($19.8M), and Cars ($13.1M). Over the past 5 years the exports of Japan to Nicaragua have increased at an annualized rate of 0.51%, from $123M in 2017 to $126M in 2022.

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

Nicaragua-Japan Trade: In 2022, Nicaragua exported $23.4M to Japan. The main products that Nicaragua exported to Japan were Coffee ($10.5M), Edible Offal ($2.46M), and Non-Knit Men's Suits ($1.58M). Over the past 5 years the exports of Nicaragua to Japan have decreased at an annualized rate of 4.99%,  from $30.2M in 2017 to $23.4M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported ¥1.84B and imported ¥224M from Nicaragua, resulting in a positive trade balance of ¥1.62B. Between August 2023 and August 2024 the exports of Japan have decreased by ¥-259M (-12.3%) from ¥2.1B to ¥1.84B, while imports decreased by ¥-260M (-53.7%) from ¥485M to ¥224M.

Trade In August 2024, the top exports of Japan to Nicaragua were Hot-Rolled Iron (¥214M), Flat Flat-Rolled Steel (¥191M), Delivery Trucks (¥184M), Cars (¥101M), and Buses (¥54.8M). In August 2024 the top imports of Japan from Nicaragua were Non-Knit Active Wear (¥70.4M), Knit Sweaters (¥69M), Knit T-shirts (¥39.9M), Animal Organs (¥31.8M), and Non-Knit Men's Suits (¥23.5M).

Origins In August 2024 the exports of Japan were mainly from Aichi (¥613M), Kanagawa (¥489M), Ibaraki (¥329M), Ōita (¥130M), and Hyōgo (¥98.7M), while imports destinations were mainly Tokyo (¥122M), Kanagawa (¥38.5M), Hyōgo (¥33.1M), Chiba (¥24M), and Osaka (¥5.8M).

Growth In August 2024, the decrease in Japan's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Motorcycles and cycles (¥-25.9M or -82.6%), Fork-Lifts (¥-23.3M or -73.3%), and Cars (¥-17.3M or -14.7%). In August 2024, the decrease in Japan's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in Animal Organs (¥-22.9M or -41.9%), Edible Offal (¥-1.95M or -28.2%), and Rolled Tobacco (¥-203k or -6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥-259M(-12.3%)
IMPORT GROWTH (August 2023 - August 2024)¥-260M(-53.7%)
MAIN EXPORTER (August 2024)Aichi¥613M

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

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

For full datasets download visit Bulk Download page.

Explore Nicaragua and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $126M to Nicaragua. The main products exported from Japan to Nicaragua were Delivery Trucks ($29.3M), Hot-Rolled Iron ($19.8M), and Cars ($13.1M). During the last 5 years the exports of Japan to Nicaragua have increased at an annualized rate of 0.51%, from $123M in 2017 to $126M in 2022.

In 2017, Nicaragua exported $23.4M to Japan. The main products exported from Nicaragua to Japan were Coffee ($10.5M), Edible Offal ($2.46M), and Non-Knit Men's Suits ($1.58M). During the last 5 years the exports of Nicaragua to Japan have decreased at an annualized rate of 4.99%, from $30.2M in 2022 to $23.4M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Japan than Nicaragua included China ($135B), United States ($137B), and South Korea ($50.8B).

In 2022, countries that imported more from Nicaragua than Japan included Honduras ($541M), El Salvador ($437M), and North Korea ($36.2k).

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

Comparative Advantage Japan - Nicaragua

Flow
Scale

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

During 2022, Japan had a large net trade with Nicaragua in the exports of Transportation ($56.9M), Metals ($27.8M), and Machines ($25.6M).

During 2017, Nicaragua had a large net trade with Japan in the exports of Vegetable Products ($11.5M), Textiles ($5.29M), and Animal Products ($5.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Nicaragua+$10.5MCars
Top Product Potential Nicaragua Japan+$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 Japan and Nicaragua. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Japan.

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

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