Nepal (NPL) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Nepal-Nicaragua Trade: In 2022, Nepal exported $692 to Nicaragua. The main products that Nepal exported to Nicaragua were N/A. Over the past 6 years the exports of Nepal to Nicaragua have decreased at an annualized rate of 52%, from $56.5k in 2016 to $692 in 2022.

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

Nicaragua-Nepal Trade: In 2022, Nicaragua exported $1.98k to Nepal. The main products that Nicaragua exported to Nepal were N/A. Over the past 6 years the exports of Nicaragua to Nepal have decreased at an annualized rate of 53.5%, from $90.7k in 2016 to $1.98k in 2022.

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

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index. That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $692 to Nicaragua. There were not main exports from Nepal to Nicaragua in 2022. During the last 6 years the exports of Nepal to Nicaragua have decreased at an annualized rate of 52%, from $56.5k in 2016 to $692 in 2022.

In 2017, Nicaragua exported $1.98k to Nepal. There were not main exports from Nicaragua to Nepal in 2017. During the last 5 years the exports of Nicaragua to Nepal have decreased at an annualized rate of 53.5%, from $90.7k in 2022 to $1.98k in 2017.

Exports from Nepal () to Nicaragua () (2022)

Exports from Nicaragua () to Nepal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Nepal than Nicaragua included India ($811M), Turkey ($13.7M), and Denmark ($7.42M).

In 2023, countries that imported more from Nicaragua than Nepal included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

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

Comparative Advantage Nepal - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Nicaragua in the exports of .

During 2017, Nicaragua had a large net trade with Nepal in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Nicaragua+$1.97kPalm Oil

Top Product Potential Nicaragua Nepal+$6.92kKnit T-shirts

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Nicaragua () (2022)

Exports from Nicaragua () to Nepal () (2022)

Market Competitiveness

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

Comparative Advantage Nepal - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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