Kyrgyzstan (KGZ) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Kyrgyzstan-Nicaragua Trade: In 2022, Kyrgyzstan exported $51 to Nicaragua. The main products that Kyrgyzstan exported to Nicaragua were Iron Fasteners ($51). Over the past 8 years the exports of Kyrgyzstan to Nicaragua have increased at an annualized rate of 1.58%, from $45 in 2014 to $51 in 2022.

In 2009, Kyrgyzstan exported services to Nicaragua worth $0, with being the largest in terms of value.

Nicaragua-Kyrgyzstan Trade: In 2022, Nicaragua exported $693 to Kyrgyzstan. The main products that Nicaragua exported to Kyrgyzstan were Hard Liquor ($560) and Insulated Wire ($133). Over the past 8 years the exports of Nicaragua to Kyrgyzstan have increased at an annualized rate of 13.6%, from $366 in 2014 to $693 in 2022.

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

Comparison: In 2022, Kyrgyzstan ranked 70 in the Economic Complexity Index (ECI -0.12), and 141 in total exports ($2.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kyrgyzstan exported $51 to Nicaragua. The main products exported from Kyrgyzstan to Nicaragua were Iron Fasteners ($51). During the last 8 years the exports of Kyrgyzstan to Nicaragua have increased at an annualized rate of 1.58%, from $45 in 2014 to $51 in 2022.

In 2017, Nicaragua exported $693 to Kyrgyzstan. The main products exported from Nicaragua to Kyrgyzstan were Hard Liquor ($560) and Insulated Wire ($133). During the last 5 years the exports of Nicaragua to Kyrgyzstan have increased at an annualized rate of 13.6%, from $366 in 2022 to $693 in 2017.

Exports from Kyrgyzstan () to Nicaragua () (2022)

Exports from Nicaragua () to Kyrgyzstan () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kyrgyzstan
Top DestinationRussia$1.07B

Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Kyrgyzstan than Nicaragua included Russia ($1.07B), Kazakhstan ($445M), and Uzbekistan ($240M).

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

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

Comparative Advantage Kyrgyzstan - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kyrgyzstan had a large net trade with Nicaragua in the exports of Metals ($51).

During 2017, Nicaragua had a large net trade with Kyrgyzstan in the exports of Foodstuffs ($560) and Machines ($133).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kyrgyzstan Nicaragua+$2.44kRefined Petroleum

Top Product Potential Nicaragua Kyrgyzstan+$4.33kInsulated Wire

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

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Historical Data

Bilateral Trade by Products

Exports from Kyrgyzstan () to Nicaragua () (2022)

Exports from Nicaragua () to Kyrgyzstan () (2022)

Market Competitiveness

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

Comparative Advantage Kyrgyzstan - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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