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2023
Flag → Flag
Exports $4.38BRnk 1 / 149
2023
Flag → Flag
Top Product $753MKnit T-shirts
2023
Flag → Flag
Exports $2.7BRnk 59 / 220
2023
Flag → Flag
Top Product $575MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $2,613CURRENT US$
Rnk 145 / 195
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Nicaragua-United States Trade: In 2023, Nicaragua exported $4.38B to United States. The main products that Nicaragua exported to United States were Knit T-shirts ($753M), Gold ($637M), and Insulated Wire ($505M). Over the past 5 years the exports of Nicaragua to United States have increased at an annualized rate of 4.6%, from $3.5B in 2018 to $4.38B in 2023.

In 2023, Nicaragua did not export any services to United States.

United States-Nicaragua Trade: In 2023, United States exported $2.7B to Nicaragua. The main products that United States exported to Nicaragua were Crude Petroleum ($575M), Refined Petroleum ($566M), and Other Plastic Products ($92.6M). Over the past 5 years the exports of United States to Nicaragua have increased at an annualized rate of 6.29%,  from $1.99B in 2018 to $2.7B in 2023.

In 2017, United States exported services to Nicaragua worth $485M, with Transportation ($192M), Travel ($184M), and Financial services ($48M) being the largest in terms of value.

Comparison: In 2023,  Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nicaragua exported $4.38B to United States. The main products exported from Nicaragua to United States were Knit T-shirts ($753M), Gold ($637M), and Insulated Wire ($505M). During the last 5 years the exports of Nicaragua to United States have increased at an annualized rate of 4.6%, from $3.5B in 2018 to $4.38B in 2023.

In 2018, United States exported $2.7B to Nicaragua. The main products exported from United States to Nicaragua were Crude Petroleum ($575M), Refined Petroleum ($566M), and Other Plastic Products ($92.6M). During the last 5 years the exports of United States to Nicaragua have increased at an annualized rate of 6.29%, from $1.99B in 2023 to $2.7B in 2018.

Exports from Nicaragua (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Nicaragua (Flag) (2023)

Latest Data

Trade between Nicaragua (Flag) and United States (Flag)

Nicaragua Exports

United States Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.38B
United States
Top DestinationCanada$269B

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

In 2023, no countries were registered that imported more from Nicaragua than from United States.

In 2023, countries that imported more from United States than Nicaragua included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Nicaragua (Flag) (2023)

Comparative Advantage Nicaragua - United States

Flow
Scale

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

During 2023, Nicaragua had a large net trade with United States in the exports of Textiles ($1.81B), Precious Metals ($657M), and Machines ($515M).

During 2018, United States had a large net trade with Nicaragua in the exports of Mineral Products ($1.23B), Textiles ($327M), and Machines ($215M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nicaragua United States+$110MInsulated Wire
Top Product Potential United States Nicaragua+$23.5MPetroleum Gas

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

Product Space of Nicaragua (Flag) and United States (Flag) (2023)

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