2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC 
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186

About

Nicaragua-Bermuda Trade: In 2022, Nicaragua exported $35.7k to Bermuda. The main products that Nicaragua exported to Bermuda were Molluscs ($13.3k), Non-fillet Frozen Fish ($11.1k), and Hard Liquor ($8.43k). Over the past 5 years the exports of Nicaragua to Bermuda have increased at an annualized rate of 0.84%, from $34.3k in 2017 to $35.7k in 2022.

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

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

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

Comparison In 2022,  Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97),  and 111 in total exports ($7.92B). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $35.7k to Bermuda. The main products exported from Nicaragua to Bermuda were Molluscs ($13.3k), Non-fillet Frozen Fish ($11.1k), and Hard Liquor ($8.43k). During the last 5 years the exports of Nicaragua to Bermuda have increased at an annualized rate of 0.84%, from $34.3k in 2017 to $35.7k in 2022.

Bermuda does not register exports to Nicaragua.

Exports from Nicaragua (Flag) to Bermuda (Flag) (2022)

Exports from Bermuda (Flag) to Nicaragua (Flag) (2022)

Market Competitiveness

Color
Nicaragua
Top Destination
United States$4.09B
Bermuda
Top Destination
Zambia$17.5M

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

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

In 2022, countries that imported more from Bermuda than Nicaragua included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

Difference in imports from Bermuda (Flag) and Nicaragua (Flag) (2022)

Comparative Advantage Nicaragua - Bermuda

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Bermuda in the exports of Animal Products ($24.4k), Foodstuffs ($8.43k), and Textiles ($2.91k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Nicaragua and Bermuda. This means that a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Bermuda. Similarly, a dot/product with the flag of Bermuda indicates it has a comparative advantage over Nicaragua.

Product Space of Nicaragua (Flag) and Bermuda (Flag) (2022)

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