Nicaragua (NIC) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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Nicaragua-Indonesia Trade: In 2023, Nicaragua exported $88.9k to Indonesia. The main products that Nicaragua exported to Indonesia were Knit T-shirts ($23.8k), Rolled Tobacco ($11.9k), and Knit Men's Suits ($11.4k). Over the past 5 years the exports of Nicaragua to Indonesia have decreased at an annualized rate of 29.6%, from $513k in 2018 to $88.9k in 2023.

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

Indonesia-Nicaragua Trade: In 2023, Indonesia exported $67.2M to Nicaragua. The main products that Indonesia exported to Nicaragua were Cars ($34.3M), Raw Tobacco ($8.77M), and Uncoated Paper ($3.22M). Over the past 5 years the exports of Indonesia to Nicaragua have increased at an annualized rate of 27.8%, from $19.7M in 2018 to $67.2M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nicaragua exported $88.9k to Indonesia. The main products exported from Nicaragua to Indonesia were Knit T-shirts ($23.8k), Rolled Tobacco ($11.9k), and Knit Men's Suits ($11.4k). During the last 5 years the exports of Nicaragua to Indonesia have decreased at an annualized rate of 29.6%, from $513k in 2018 to $88.9k in 2023.

In 2018, Indonesia exported $67.2M to Nicaragua. The main products exported from Indonesia to Nicaragua were Cars ($34.3M), Raw Tobacco ($8.77M), and Uncoated Paper ($3.22M). During the last 5 years the exports of Indonesia to Nicaragua have increased at an annualized rate of 27.8%, from $19.7M in 2023 to $67.2M in 2018.

Exports from Nicaragua () to Indonesia () (2023)

Exports from Indonesia () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and Indonesia ()

Nicaragua Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.38B

Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Nicaragua than Indonesia included El Salvador ($488M), Honduras ($297M), and Costa Rica ($246M).

In 2023, countries that imported more from Indonesia than Nicaragua included China ($70.7B), India ($24B), and Japan ($23.7B).

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

Comparative Advantage Nicaragua - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nicaragua had a large net trade with Indonesia in the exports of Textiles ($56.5k), Foodstuffs ($12k), and Vegetable Products ($7.31k).

During 2018, Indonesia had a large net trade with Nicaragua in the exports of Transportation ($38M), Foodstuffs ($8.8M), and Machines ($6.25M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nicaragua Indonesia+$179kInsulated Wire

Top Product Potential Indonesia Nicaragua+$2.1MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Indonesia () (2023)

Exports from Indonesia () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and Indonesia ()

Nicaragua Exports

Indonesia Exports

Market Competitiveness

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

Comparative Advantage Nicaragua - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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