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

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Nicaragua-Japan Trade: In 2022, Nicaragua exported $23.4M to Japan. The main products that Nicaragua exported to Japan were Coffee ($10.5M), Edible Offal ($2.46M), and Non-Knit Men's Suits ($1.58M). Over the past 5 years the exports of Nicaragua to Japan have decreased at an annualized rate of 4.99%, from $30.2M in 2017 to $23.4M in 2022.

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

Japan-Nicaragua Trade: In 2022, Japan exported $126M to Nicaragua. The main products that Japan exported to Nicaragua were Delivery Trucks ($29.3M), Hot-Rolled Iron ($19.8M), and Cars ($13.1M). Over the past 5 years the exports of Japan to Nicaragua have increased at an annualized rate of 0.51%, from $123M in 2017 to $126M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nicaragua exported $23.4M to Japan. The main products exported from Nicaragua to Japan were Coffee ($10.5M), Edible Offal ($2.46M), and Non-Knit Men's Suits ($1.58M). During the last 5 years the exports of Nicaragua to Japan have decreased at an annualized rate of 4.99%, from $30.2M in 2017 to $23.4M in 2022.

In 2017, Japan exported $126M to Nicaragua. The main products exported from Japan to Nicaragua were Delivery Trucks ($29.3M), Hot-Rolled Iron ($19.8M), and Cars ($13.1M). During the last 5 years the exports of Japan to Nicaragua have increased at an annualized rate of 0.51%, from $123M in 2022 to $126M in 2017.

Exports from Nicaragua () to Japan () (2022)

Exports from Japan () to Nicaragua () (2022)

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$4.09B

Japan
Top DestinationUnited States$137B

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 2022, countries that imported more from Nicaragua than Japan included Honduras ($541M), El Salvador ($437M), and North Korea ($36.2k).

In 2022, countries that imported more from Japan than Nicaragua included China ($135B), United States ($137B), and South Korea ($50.8B).

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

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 2022, Nicaragua had a large net trade with Japan in the exports of Vegetable Products ($11.5M), Textiles ($5.29M), and Animal Products ($5.14M).

During 2017, Japan had a large net trade with Nicaragua in the exports of Transportation ($56.9M), Metals ($27.8M), and Machines ($25.6M).

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 () (2022)

Exports from Japan () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Japan ()

Nicaragua Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Nicaragua - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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