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

About

Kyrgyzstan-Nicaragua Trade: In 2023, Kyrgyzstan exported $6.49k to Nicaragua. The main products that Kyrgyzstan exported to Nicaragua were Boat Propellers ($6.49k). Over the past 6 years the exports of Kyrgyzstan to Nicaragua have increased at an annualized rate of 55.6%, from $458 in 2017 to $6.49k in 2023.

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

Nicaragua-Kyrgyzstan In N/A, Nicaragua did not export any products to Kyrgyzstan.

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

Comparison: In 2023, Kyrgyzstan ranked 67 in the Economic Complexity Index (ECI -0.11), and 136 in total exports ($3.99B). 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, Kyrgyzstan exported $6.49k to Nicaragua. The main products exported from Kyrgyzstan to Nicaragua were Boat Propellers ($6.49k). During the last 6 years the exports of Kyrgyzstan to Nicaragua have increased at an annualized rate of 55.6%, from $458 in 2017 to $6.49k in 2023.

Nicaragua does not register exports to Kyrgyzstan. The main products exported from Nicaragua to Kyrgyzstan were Rolled Tobacco ($2.86k), Hard Liquor ($2.63k), and Coffee ($639).

Exports from Kyrgyzstan () to Nicaragua () (2023)

Exports from Nicaragua () to Kyrgyzstan () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kyrgyzstan
Top DestinationSwitzerland$1.18B

Nicaragua
Top DestinationUnited States$4.38B

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 2023, countries that imported more from Kyrgyzstan than Nicaragua included Switzerland ($1.18B), Russia ($746M), and Kazakhstan ($559M).

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

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

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 2023, Kyrgyzstan had a large net trade with Nicaragua in the exports of Machines ($6.49k).

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.

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 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.

About

Historical Data

Bilateral Trade by Products

Exports from Kyrgyzstan () to Nicaragua () (2023)

Exports from Nicaragua () to Kyrgyzstan () (2023)

Market Competitiveness

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

Comparative Advantage Kyrgyzstan - 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 Kyrgyzstan () and Nicaragua () (2023)

Keep Exploring