Nicaragua (NIC) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Nicaragua-Japan Trade: In 2023, Nicaragua exported $25.4M to Japan. The main products that Nicaragua exported to Japan were Coffee ($11.4M), Knit Sweaters ($2.41M), and Animal Organs ($2.16M). Over the past 5 years the exports of Nicaragua to Japan have increased at an annualized rate of 3.46%, from $21.5M in 2018 to $25.4M in 2023.

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

Japan-Nicaragua Trade: In 2023, Japan exported $211M to Nicaragua. The main products that Japan exported to Nicaragua were Delivery Trucks ($53.7M), Cars ($32.1M), and Hot-Rolled Iron ($31.5M). Over the past 5 years the exports of Japan to Nicaragua have increased at an annualized rate of 12.7%, from $116M in 2018 to $211M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nicaragua exported $25.4M to Japan. The main products exported from Nicaragua to Japan were Coffee ($11.4M), Knit Sweaters ($2.41M), and Animal Organs ($2.16M). During the last 5 years the exports of Nicaragua to Japan have increased at an annualized rate of 3.46%, from $21.5M in 2018 to $25.4M in 2023.

In 2018, Japan exported $211M to Nicaragua. The main products exported from Japan to Nicaragua were Delivery Trucks ($53.7M), Cars ($32.1M), and Hot-Rolled Iron ($31.5M). During the last 5 years the exports of Japan to Nicaragua have increased at an annualized rate of 12.7%, from $116M in 2023 to $211M in 2018.

Exports from Nicaragua () to Japan () (2023)

Exports from Japan () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and Japan ()

Nicaragua Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.38B

Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from Nicaragua than Japan included El Salvador ($488M), Haiti ($19M), and Saint Martin ($295k).

In 2023, countries that imported more from Japan than Nicaragua included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Nicaragua - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nicaragua had a large net trade with Japan in the exports of Vegetable Products ($12.6M), Textiles ($6.8M), and Animal Products ($4.75M).

During 2018, Japan had a large net trade with Nicaragua in the exports of Transportation ($106M), Machines ($45.4M), and Metals ($42.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nicaragua Japan+$10MCoffee

Top Product Potential Japan Nicaragua+$10.5MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Japan () (2023)

Exports from Japan () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and Japan ()

Nicaragua Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Nicaragua - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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