Nicaragua (NIC) and Cayman Islands (CYM) Trade | The Observatory of Economic Complexity

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Nicaragua-Cayman Islands Trade: In 2022, Nicaragua exported $97k to Cayman Islands. The main products that Nicaragua exported to Cayman Islands were Hard Liquor ($68.5k), Rolled Tobacco ($26k), and Non-fillet Frozen Fish ($1.75k). Over the past 5 years the exports of Nicaragua to Cayman Islands have increased at an annualized rate of 7.47%, from $67.7k in 2017 to $97k in 2022.

In 2022, Nicaragua did not export any services to Cayman Islands.

Cayman Islands-Nicaragua Trade: In 2022, Cayman Islands exported $233 to Nicaragua. The main products that Cayman Islands exported to Nicaragua were N/A. Over the past 5 years the exports of Cayman Islands to Nicaragua have decreased at an annualized rate of 52.2%, from $19.5k in 2017 to $233 in 2022.

In 2022, Cayman Islands 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, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nicaragua exported $97k to Cayman Islands. The main products exported from Nicaragua to Cayman Islands were Hard Liquor ($68.5k), Rolled Tobacco ($26k), and Non-fillet Frozen Fish ($1.75k). During the last 5 years the exports of Nicaragua to Cayman Islands have increased at an annualized rate of 7.47%, from $67.7k in 2017 to $97k in 2022.

In 2016, Cayman Islands exported $233 to Nicaragua. There were not main exports from Cayman Islands to Nicaragua in 2016. During the last 5 years the exports of Cayman Islands to Nicaragua have decreased at an annualized rate of 52.2%, from $19.5k in 2021 to $233 in 2016.

Exports from Nicaragua () to Cayman Islands () (2022)

Exports from Cayman Islands () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Cayman Islands ()

Nicaragua Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.09B

Cayman Islands
Top DestinationMalta$218M

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

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

In 2022, countries that imported more from Cayman Islands than Nicaragua included Malta ($218M), Norway ($163M), and Seychelles ($121M).

Difference in imports from Cayman Islands () and Nicaragua () (2022)

Comparative Advantage Nicaragua - Cayman Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nicaragua had a large net trade with Cayman Islands in the exports of Foodstuffs ($94.5k), Animal Products ($2.35k), and Stone And Glass ($95).

During 2016, Cayman Islands had a large net trade with Nicaragua in the exports of .

Potential Exports

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Cayman Islands () (2022)

Exports from Cayman Islands () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Cayman Islands ()

Nicaragua Exports

Market Competitiveness

Difference in imports from Cayman Islands () and Nicaragua () (2022)

Comparative Advantage Nicaragua - Cayman Islands

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nicaragua () and Cayman Islands () (2022)

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