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Pricing

2022
Flag → Flag
Exports $178kRnk 93 / 148
2022
Flag → Flag
Top Product $127kRaw Sugar
2022
Flag → Flag
Exports $630kRnk 81 / 149
2022
Flag → Flag
Top Product $511kNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 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$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Nicaragua-Trinidad and Tobago Trade: In 2022, Nicaragua exported $178k to Trinidad and Tobago. The main products that Nicaragua exported to Trinidad and Tobago were Raw Sugar ($127k), Non-Knit Men's Suits ($12.4k), and Rolled Tobacco ($9.73k). Over the past 5 years the exports of Nicaragua to Trinidad and Tobago have decreased at an annualized rate of 6.31%, from $247k in 2017 to $178k in 2022.

In 2022, Nicaragua did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Nicaragua Trade: In 2022, Trinidad and Tobago exported $630k to Nicaragua. The main products that Trinidad and Tobago exported to Nicaragua were Nitrogenous Fertilizers ($511k), Mixed Mineral or Chemical Fertilizers ($79.5k), and Uncoated Paper ($33.5k). Over the past 5 years the exports of Trinidad and Tobago to Nicaragua have decreased at an annualized rate of 17.2%,  from $1.62M in 2017 to $630k in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $178k to Trinidad and Tobago. The main products exported from Nicaragua to Trinidad and Tobago were Raw Sugar ($127k), Non-Knit Men's Suits ($12.4k), and Rolled Tobacco ($9.73k). During the last 5 years the exports of Nicaragua to Trinidad and Tobago have decreased at an annualized rate of 6.31%, from $247k in 2017 to $178k in 2022.

In 2017, Trinidad and Tobago exported $630k to Nicaragua. The main products exported from Trinidad and Tobago to Nicaragua were Nitrogenous Fertilizers ($511k), Mixed Mineral or Chemical Fertilizers ($79.5k), and Uncoated Paper ($33.5k). During the last 5 years the exports of Trinidad and Tobago to Nicaragua have decreased at an annualized rate of 17.2%, from $1.62M in 2022 to $630k in 2017.

Exports from Nicaragua (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Nicaragua (Flag) (2022)

Latest Data

Trade between Nicaragua (Flag) and Trinidad and Tobago (Flag)

Nicaragua Exports

Date

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Nicaragua than Trinidad and Tobago included Mexico ($943M), Honduras ($541M), and El Salvador ($437M).

In 2022, countries that imported more from Trinidad and Tobago than Nicaragua included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago (Flag) and Nicaragua (Flag) (2022)

Comparative Advantage Nicaragua - Trinidad and Tobago

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($142k), Textiles ($35.2k), and Chemical Products ($953).

During 2017, Trinidad and Tobago had a large net trade with Nicaragua in the exports of Chemical Products ($596k), Paper Goods ($33.5k), and Foodstuffs ($484).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nicaragua Trinidad and Tobago+$148kRaw Sugar
Top Product Potential Trinidad and Tobago Nicaragua+$501kNitrogenous Fertilizers

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

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

Product Space of Nicaragua (Flag) and Trinidad and Tobago (Flag) (2022)

Keep Exploring

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