NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $18.1kRnk 139 / 159
2023
Flag → Flag
Top Product $17.2kSodium or Potassium Peroxides
2023
Flag → Flag
Exports $485kRnk 84 / 149
2023
Flag → Flag
Top Product $122kRolled Tobacco
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
GDP PC $33,730CURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195
2023
Flag
GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Kuwait-Nicaragua Trade: In 2023, Kuwait exported $18.1k to Nicaragua. The main products that Kuwait exported to Nicaragua were Sodium or Potassium Peroxides ($17.2k), Antifreeze ($688), and Paper Labels ($87). Over the past 7 years the exports of Kuwait to Nicaragua have increased at an annualized rate of 62.2%, from $612 in 2016 to $18.1k in 2023.

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

Nicaragua-Kuwait Trade: In 2023, Nicaragua exported $485k to Kuwait. The main products that Nicaragua exported to Kuwait were Rolled Tobacco ($122k), Coffee ($100k), and Knit T-shirts ($66.6k). Over the past 7 years the exports of Nicaragua to Kuwait have increased at an annualized rate of 3.15%,  from $416k in 2016 to $485k in 2023.

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

Comparison: In 2023,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Latest Data

Trade between Kuwait (Flag) and Nicaragua (Flag)

Nicaragua Exports

Date

Market Competitiveness

Color
Kuwait
Top DestinationChina$17.4B
Nicaragua
Top DestinationUnited States$4.38B

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 2023, countries that imported more from Kuwait than Nicaragua included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Difference in imports from Nicaragua (Flag) and Kuwait (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
Sort By
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.

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

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.

Product Space of Kuwait (Flag) and Nicaragua (Flag) (NaN)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms