Nicaragua (NIC) and China (CHN) Trade | The Observatory of Economic Complexity

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Nicaragua-China Trade: In 2023, Nicaragua exported $27.7M to China. The main products that Nicaragua exported to China were Ground Nut Oil ($7.58M), Scrap Copper ($4.19M), and Crustaceans ($3.91M). Over the past 5 years the exports of Nicaragua to China have decreased at an annualized rate of 22%, from $96.2M in 2018 to $27.7M in 2023.

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

China-Nicaragua Trade: In 2023, China exported $1.41B to Nicaragua. The main products that China exported to Nicaragua were Trunks and Cases ($64.5M), Light Rubberized Knitted Fabric ($58.1M), and Motorcycles and cycles ($55.2M). Over the past 5 years the exports of China to Nicaragua have increased at an annualized rate of 7.34%, from $993M in 2018 to $1.41B in 2023.

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

Comparison: In 2023, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nicaragua exported $27.7M to China. The main products exported from Nicaragua to China were Ground Nut Oil ($7.58M), Scrap Copper ($4.19M), and Crustaceans ($3.91M). During the last 5 years the exports of Nicaragua to China have decreased at an annualized rate of 22%, from $96.2M in 2018 to $27.7M in 2023.

In 2018, China exported $1.41B to Nicaragua. The main products exported from China to Nicaragua were Trunks and Cases ($64.5M), Light Rubberized Knitted Fabric ($58.1M), and Motorcycles and cycles ($55.2M). During the last 5 years the exports of China to Nicaragua have increased at an annualized rate of 7.34%, from $993M in 2023 to $1.41B in 2018.

Exports from Nicaragua () to China () (2023)

Exports from China () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and China ()

Nicaragua Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.38B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Nicaragua than China included Saint Martin ($295k).

In 2023, countries that imported more from China than Nicaragua included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Nicaragua - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nicaragua had a large net trade with China in the exports of Animal and Vegetable Bi-Products ($7.58M), Mineral Products ($5.98M), and Metals ($5.77M).

During 2018, China had a large net trade with Nicaragua in the exports of Machines ($394M), Metals ($180M), and Textiles ($162M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nicaragua China+$3.9MPrecious Metal Ore

Top Product Potential China Nicaragua+$36.5MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to China () (2023)

Exports from China () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and China ()

Nicaragua Exports

China Exports

Market Competitiveness

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

Comparative Advantage Nicaragua - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nicaragua () and China () (2023)

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