2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
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GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 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
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Nicaragua-Ecuador In 2022, Nicaragua exported $35.6M to Ecuador. The main products that Nicaragua exported to Ecuador are Non-fillet Frozen Fish ($24.6M), Scrap Iron ($6.78M), and Scrap Copper ($2M). During the last 27 years the exports of Nicaragua to Ecuador have increased at an annualized rate of 13.1%, from $1.3M in 1995 to $35.6M in 2022.

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

Ecuador-Nicaragua In 2022, Ecuador exported $63.8M to Nicaragua. The main products that Ecuador exported to Nicaragua were Raw Tobacco ($32.4M), Refined Petroleum ($14.7M), and Cement ($4.17M). During the last 27 years the exports of Ecuador to Nicaragua have increased at an annualized rate of 7.74%, from $8.52M in 1995 to $63.8M in 2022.

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

Comparison In 2022,  Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03), and 111 in total exports ($7.92B). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $35.6M to Ecuador. The main products exported from Nicaragua to Ecuador were Non-fillet Frozen Fish ($24.6M), Scrap Iron ($6.78M), and Scrap Copper ($2M). During the last 27 years the exports of Nicaragua to Ecuador have increased at an annualized rate of 13.1%, from $1.3M in 1995 to $35.6M in 2022.

In 2022, Ecuador exported $63.8M to Nicaragua. The main products exported from Ecuador to Nicaragua were Raw Tobacco ($32.4M), Refined Petroleum ($14.7M), and Cement ($4.17M). During the last 27 years the exports of Ecuador to Nicaragua have increased at an annualized rate of 7.74%, from $8.52M in 1995 to $63.8M in 2022.

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

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

Latest Data

Trade between Nicaragua (Flag) and Ecuador (Flag)

Nicaragua Exports

Ecuador Exports

Market Competitiveness

Color
Nicaragua
Top Destination
United States$4.09B
Ecuador
Top Destination
United States$9.86B

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

In 2021, countries that imported more from Nicaragua than Ecuador were Mexico ($943M), Honduras ($541M), and El Salvador ($437M).

In 2021, countries that imported more from Ecuador than Nicaragua were China ($6.17B), United States ($9.86B), and Panama ($4.97B).

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

Comparative Advantage Nicaragua - Ecuador

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Ecuador in the exports of Animal Products ($25M), Metals ($9.38M), and Paper Goods ($493k).

During 2022, Ecuador had a large net trade with Nicaragua in the exports of Foodstuffs ($34.4M), Mineral Products ($18.8M), and Metals ($2.96M).

Economic Complexity

Competitive Landscape

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

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

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