Kuwait (KWT) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Kuwait-Nicaragua Trade: In 2022, Kuwait exported $426 to Nicaragua. The main products that Kuwait exported to Nicaragua were Electric Motors ($344) and Other Printed Material ($82). Over the past 8 years the exports of Kuwait to Nicaragua have decreased at an annualized rate of 23.9%, from $3.77k in 2014 to $426 in 2022.

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

Nicaragua-Kuwait Trade: In 2022, Nicaragua exported $2.27M to Kuwait. The main products that Nicaragua exported to Kuwait were Knit T-shirts ($562k), Knit Babies' Garments ($254k), and Coffee ($244k). Over the past 8 years the exports of Nicaragua to Kuwait have increased at an annualized rate of 45.1%, from $353k in 2014 to $2.27M in 2022.

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

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). 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, Kuwait exported $426 to Nicaragua. The main products exported from Kuwait to Nicaragua were Electric Motors ($344) and Other Printed Material ($82). During the last 8 years the exports of Kuwait to Nicaragua have decreased at an annualized rate of 23.9%, from $3.77k in 2014 to $426 in 2022.

In 2017, Nicaragua exported $2.27M to Kuwait. The main products exported from Nicaragua to Kuwait were Knit T-shirts ($562k), Knit Babies' Garments ($254k), and Coffee ($244k). During the last 5 years the exports of Nicaragua to Kuwait have increased at an annualized rate of 45.1%, from $353k in 2022 to $2.27M in 2017.

Exports from Kuwait () to Nicaragua () (2022)

Exports from Nicaragua () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Nicaragua ()

Nicaragua Exports

Date

Feb 2016

Jun 2011

Mar 2010

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Kuwait than Nicaragua included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

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

Comparative Advantage Kuwait - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Nicaragua in the exports of Machines ($344) and Paper Goods ($82).

During 2017, Nicaragua had a large net trade with Kuwait in the exports of Textiles ($1.68M), Vegetable Products ($244k), and Foodstuffs ($118k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Nicaragua+$4.6kRefined Petroleum

Top Product Potential Nicaragua Kuwait+$1.03MKnit T-shirts

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Nicaragua () (2022)

Exports from Nicaragua () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Nicaragua ()

Nicaragua Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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