Kazakhstan (KAZ) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Kazakhstan-Nicaragua Trade: In 2023, Kazakhstan exported $573 to Nicaragua. The main products that Kazakhstan exported to Nicaragua were Paper Labels ($327), Other Domestic Electric Housewares ($141), and Documents of title (bonds etc) and unused stamps ($105). Over the past 18 years the exports of Kazakhstan to Nicaragua have decreased at an annualized rate of 36.7%, from $2.14M in 2005 to $573 in 2023.

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

Nicaragua-Kazakhstan Trade: In 2023, Nicaragua exported $206k to Kazakhstan. The main products that Nicaragua exported to Kazakhstan were Coffee ($133k), Knit T-shirts ($17.1k), and Knit Men's Undergarments ($9.87k). Over the past 18 years the exports of Nicaragua to Kazakhstan have increased at an annualized rate of 42.2%, from $35.5k in 2005 to $206k in 2023.

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

Comparison: In 2023, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B). 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, Kazakhstan exported $573 to Nicaragua. The main products exported from Kazakhstan to Nicaragua were Paper Labels ($327), Other Domestic Electric Housewares ($141), and Documents of title (bonds etc) and unused stamps ($105). During the last 18 years the exports of Kazakhstan to Nicaragua have decreased at an annualized rate of 36.7%, from $2.14M in 2005 to $573 in 2023.

In 2018, Nicaragua exported $206k to Kazakhstan. The main products exported from Nicaragua to Kazakhstan were Coffee ($133k), Knit T-shirts ($17.1k), and Knit Men's Undergarments ($9.87k). During the last 5 years the exports of Nicaragua to Kazakhstan have increased at an annualized rate of 42.2%, from $35.5k in 2023 to $206k in 2018.

Exports from Kazakhstan () to Nicaragua () (2023)

Exports from Nicaragua () to Kazakhstan () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kazakhstan
Top DestinationChina$15.2B

Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Kazakhstan than Nicaragua included China ($15.2B), United Kingdom ($14.3B), and Russia ($9.78B).

In 2023, countries that imported more from Nicaragua than Kazakhstan included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

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

Comparative Advantage Kazakhstan - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kazakhstan had a large net trade with Nicaragua in the exports of Paper Goods ($432) and Machines ($141).

During 2018, Nicaragua had a large net trade with Kazakhstan in the exports of Vegetable Products ($133k), Textiles ($58.6k), and Foodstuffs ($11.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kazakhstan Nicaragua+$4.72kCrude Petroleum

Top Product Potential Nicaragua Kazakhstan+$243kCoffee

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Kazakhstan () to Nicaragua () (2023)

Exports from Nicaragua () to Kazakhstan () (2023)

Market Competitiveness

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

Comparative Advantage Kazakhstan - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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