Nicaragua (NIC) and Estonia (EST) Trade | The Observatory of Economic Complexity

About

Nicaragua-Estonia Trade: In 2022, Nicaragua exported $2.28M to Estonia. The main products that Nicaragua exported to Estonia were Ground Nuts ($1.39M), Coffee ($532k), and Hard Liquor ($132k). Over the past 5 years the exports of Nicaragua to Estonia have increased at an annualized rate of 86%, from $102k in 2017 to $2.28M in 2022.

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

Estonia-Nicaragua Trade: In 2022, Estonia exported $58.6M to Nicaragua. The main products that Estonia exported to Nicaragua were Refined Petroleum ($55.2M), Blank Audio Media ($2.54M), and Broadcasting Equipment ($465k). Over the past 5 years the exports of Estonia to Nicaragua have increased at an annualized rate of 23%, from $3.99M in 2017 to $58.6M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), 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 $2.28M to Estonia. The main products exported from Nicaragua to Estonia were Ground Nuts ($1.39M), Coffee ($532k), and Hard Liquor ($132k). During the last 5 years the exports of Nicaragua to Estonia have increased at an annualized rate of 86%, from $102k in 2017 to $2.28M in 2022.

In 2017, Estonia exported $58.6M to Nicaragua. The main products exported from Estonia to Nicaragua were Refined Petroleum ($55.2M), Blank Audio Media ($2.54M), and Broadcasting Equipment ($465k). During the last 5 years the exports of Estonia to Nicaragua have increased at an annualized rate of 23%, from $3.99M in 2022 to $58.6M in 2017.

Exports from Nicaragua () to Estonia () (2022)

Exports from Estonia () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Estonia ()

Nicaragua Exports

Date

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.09B

Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Nicaragua included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

Difference in imports from Estonia () and Nicaragua () (2022)

Comparative Advantage Nicaragua - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nicaragua had a large net trade with Estonia in the exports of Vegetable Products ($2.02M), Foodstuffs ($174k), and Textiles ($69k).

During 2017, Estonia had a large net trade with Nicaragua in the exports of Mineral Products ($55.5M), Machines ($3.05M), and Instruments ($48.4k).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Estonia () (2022)

Exports from Estonia () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Estonia ()

Nicaragua Exports

Estonia Exports

Market Competitiveness

Difference in imports from Estonia () and Nicaragua () (2022)

Comparative Advantage Nicaragua - Estonia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Nicaragua () and Estonia () (2022)

Keep Exploring