Nicaragua (NIC) and Kyrgyzstan (KGZ) Trade | The Observatory of Economic Complexity

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Nicaragua-Kyrgyzstan Trade: In 2022, Nicaragua exported $693 to Kyrgyzstan. The main products that Nicaragua exported to Kyrgyzstan were Hard Liquor ($560) and Insulated Wire ($133). Over the past 8 years the exports of Nicaragua to Kyrgyzstan have increased at an annualized rate of 26.6%, from $105 in 2014 to $693 in 2022.

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

Kyrgyzstan-Nicaragua Trade: In 2022, Kyrgyzstan exported $51 to Nicaragua. The main products that Kyrgyzstan exported to Nicaragua were Iron Fasteners ($51). Over the past 8 years the exports of Kyrgyzstan to Nicaragua have decreased at an annualized rate of 35.2%, from $448 in 2014 to $51 in 2022.

In 2009, Kyrgyzstan exported services to Nicaragua worth $0, with being the largest in terms of value.

Comparison: In 2022, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B). That same year, Kyrgyzstan ranked 70 in the Economic Complexity Index (ECI -0.12), and 141 in total exports ($2.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nicaragua exported $693 to Kyrgyzstan. The main products exported from Nicaragua to Kyrgyzstan were Hard Liquor ($560) and Insulated Wire ($133). During the last 8 years the exports of Nicaragua to Kyrgyzstan have increased at an annualized rate of 26.6%, from $105 in 2014 to $693 in 2022.

In 2017, Kyrgyzstan exported $51 to Nicaragua. The main products exported from Kyrgyzstan to Nicaragua were Iron Fasteners ($51). During the last 5 years the exports of Kyrgyzstan to Nicaragua have decreased at an annualized rate of 35.2%, from $448 in 2022 to $51 in 2017.

Exports from Nicaragua () to Kyrgyzstan () (2022)

Exports from Kyrgyzstan () to Nicaragua () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.09B

Kyrgyzstan
Top DestinationRussia$1.07B

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

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

In 2022, countries that imported more from Kyrgyzstan than Nicaragua included Russia ($1.07B), Kazakhstan ($445M), and Uzbekistan ($240M).

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

Comparative Advantage Nicaragua - Kyrgyzstan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nicaragua had a large net trade with Kyrgyzstan in the exports of Foodstuffs ($560) and Machines ($133).

During 2017, Kyrgyzstan had a large net trade with Nicaragua in the exports of Metals ($51).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nicaragua Kyrgyzstan+$4.33kInsulated Wire

Top Product Potential Kyrgyzstan Nicaragua+$2.44kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Kyrgyzstan () (2022)

Exports from Kyrgyzstan () to Nicaragua () (2022)

Market Competitiveness

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

Comparative Advantage Nicaragua - Kyrgyzstan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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