Sign In
Pricing

2022
Flag → Flag
Exports $11MRnk 34 / 148
2022
Flag → Flag
Top Product $3.06MSawn Wood
2022
Flag → Flag
Exports $455MRnk 97 / 217
2022
Flag → Flag
Top Product $235MOther Non-Knit Clothing Accessories
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Nicaragua-India Trade: In 2022, Nicaragua exported $11M to India. The main products that Nicaragua exported to India were Sawn Wood ($3.06M), Scrap Iron ($3.02M), and Rough Wood ($2.52M). Over the past 5 years the exports of Nicaragua to India have increased at an annualized rate of 19.5%, from $4.49M in 2017 to $11M in 2022.

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

India-Nicaragua Trade: In 2022, India exported $455M to Nicaragua. The main products that India exported to Nicaragua were Other Non-Knit Clothing Accessories ($235M), Packaged Medicaments ($43M), and Light Rubberized Knitted Fabric ($33.5M). Over the past 5 years the exports of India to Nicaragua have increased at an annualized rate of 24.7%,  from $151M in 2017 to $455M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $11M to India. The main products exported from Nicaragua to India were Sawn Wood ($3.06M), Scrap Iron ($3.02M), and Rough Wood ($2.52M). During the last 5 years the exports of Nicaragua to India have increased at an annualized rate of 19.5%, from $4.49M in 2017 to $11M in 2022.

In 2017, India exported $455M to Nicaragua. The main products exported from India to Nicaragua were Other Non-Knit Clothing Accessories ($235M), Packaged Medicaments ($43M), and Light Rubberized Knitted Fabric ($33.5M). During the last 5 years the exports of India to Nicaragua have increased at an annualized rate of 24.7%, from $151M in 2022 to $455M in 2017.

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

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

Latest Data

Trade between Nicaragua (Flag) and India (Flag)

Nicaragua Exports

India Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Nicaragua than India included Honduras ($541M) and El Salvador ($437M).

In 2022, countries that imported more from India than Nicaragua included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Nicaragua - India

Flow
Scale

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

During 2022, Nicaragua had a large net trade with India in the exports of Wood Products ($5.57M), Metals ($3.32M), and Machines ($983k).

During 2017, India had a large net trade with Nicaragua in the exports of Textiles ($304M), Chemical Products ($57.4M), and Transportation ($38M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nicaragua India+$3.52MScrap Iron
Top Product Potential India Nicaragua+$9.78MPackaged Medicaments

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.

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

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms