Flag Nicaragua / Aruba Flag

Exports FlagFlag  (2018): $33.5k, Rnk 108 / 136

Top Product FlagFlag (2018): $18.1k, Rolled Tobacco

Exports FlagFlag (2018): $33.2M, Rnk 2 / 57

Top Product FlagFlag (2018): $29M, Crude Petroleum

Economic Complexity of Flag (2018): ECI -1.17, Rnk 117 / 137

GDP Flag (2018): $13.1B, CURRENT US$
Rnk 132 / 196

GDP GROWTH Flag (2008-2018): 54.4%, CURRENT US$
Rnk 75 / 196

GDP PC Flag (2018): $2,029, CURRENT US$
Rnk 150 / 196

GDP PC GROWTH Flag (2008-2018): 35.3%, CURRENT US$
Rnk 70 / 196

Nicaragua-Aruba: In 2018, Nicaragua exported $33.5k to Aruba. The main products exported from Nicaragua to Aruba were Rolled Tobacco ($18.1k), Electrical Control Boards ($12.5k), and Stranded Iron Wire ($1.8k). During the last 21 years the exports of Nicaragua to Aruba have increased at an annualized rate of 3.01%, from $18k in 1997 to $33.5k in 2018.

Aruba-Nicaragua: In 2018, Aruba exported $33.2M to Nicaragua. The main products exported from Aruba to Nicaragua were Crude Petroleum ($29M) and Petroleum Gas ($4.14M). During the last 19 years the exports of Aruba to Nicaragua have increased at an annualized rate of 28.6%, from $168k in 1999 to $33.2M in 2018.

Comparison: In 2018, Nicaragua ranked 117 in the Economic Complexity Index (ECI -1.17), and 111 in total exports ($5.25B). That same year, Aruba ranked 173 in total exports ($199M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, Nicaragua was ranked 150 with a GDP Per Capita of $2,029, while Aruba has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, Nicaragua exported $33.5k to Aruba. The main products exported from Nicaragua to Aruba were Rolled Tobacco ($18.1k), Electrical Control Boards ($12.5k), and Stranded Iron Wire ($1.8k). During the last 21 years the exports of Nicaragua to Aruba have increased at an annualized rate of 3.01%, from $18k in 1997 to $33.5k in 2018.

In 2018, Aruba exported $33.2M to Nicaragua. The main products exported from Aruba to Nicaragua were Crude Petroleum ($29M) and Petroleum Gas ($4.14M). During the last 19 years the exports of Aruba to Nicaragua have increased at an annualized rate of 28.6%, from $168k in 1999 to $33.2M in 2018.

Market Competitiveness

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Measure

Nicaragua
Top Destination
: United States, $3.14B

Aruba
Top Destination
: Netherlands, $110M

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

In 2018, countries that imported more from Nicaragua than Aruba were United States ($3.14B), Mexico ($289M), and El Salvador ($285M).

In 2018, countries that imported more from Aruba than Nicaragua were Netherlands ($110M), Colombia ($14.6M), and Afghanistan ($355k).

Comparative Advantage Nicaragua - Aruba

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Depth

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

During 2018, Nicaragua had a large net trade with Aruba in the exports of Foodstuffs ($18.1k), Machines ($12.5k), and Metals ($1.8k).

During 2018, Aruba had a large net trade with Nicaragua in the exports of Mineral Products ($33.2M).

Tariff Section

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This sections shows import tariffs for products traded between Nicaragua and Aruba (using the HS6 product classification and the last year reported).

In 2018, the products from Nicaragua that paid the highest import tariffs to enter Aruba were Rice in the husk (paddy or rough) (72%) and Rice, husked (brown) (72%).

In 2018, the products from Aruba that paid the highest import tariffs to enter Nicaragua were Tobacco, unmanufactured, not stemmed or stripped (57%) and Tobacco, unmanufactured, stemmed or stripped (57%).

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*The tariffs present between Nicaragua and Aruba are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement

Trade Forecasts

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This section shows a forecast for total trade between Nicaragua and Aruba. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Nicaragua has comparative advantage over Aruba. Similarly, the more red a dot/product is, the more Aruba has comparative advantage over Nicaragua.