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Pricing

2022
Flag → Flag
Exports $56.7MRnk 26 / 153
2022
Flag → Flag
Top Product $19.7MRefined Petroleum
2022
Flag → Flag
Exports $73MRnk 12 / 148
2022
Flag → Flag
Top Product $33.1MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.19Rnk 51 / 124
2022
Flag
Economic Complexity (ECI) ECI -1.03Rnk 107 / 124
2022
Flag  
GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC $17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Panama-Nicaragua In 2022, Panama exported $56.7M to Nicaragua. The main products that Panama exported to Nicaragua are Refined Petroleum ($19.7M), Aluminium Cans ($12.5M), and Eggs ($5.37M). During the last 27 years the exports of Panama to Nicaragua have increased at an annualized rate of 0.11%, from $54.9M in 1995 to $56.7M in 2022.

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

Nicaragua-Panama In 2022, Nicaragua exported $73M to Panama. The main products that Nicaragua exported to Panama were Refined Petroleum ($33.1M), Coffee ($11.9M), and Hard Liquor ($5.57M). During the last 27 years the exports of Nicaragua to Panama have increased at an annualized rate of 12.8%, from $2.83M in 1995 to $73M in 2022.

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

Comparison In 2022,  Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B). That same year, Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $56.7M to Nicaragua. The main products exported from Panama to Nicaragua were Refined Petroleum ($19.7M), Aluminium Cans ($12.5M), and Eggs ($5.37M). During the last 27 years the exports of Panama to Nicaragua have increased at an annualized rate of 0.11%, from $54.9M in 1995 to $56.7M in 2022.

In 2022, Nicaragua exported $73M to Panama. The main products exported from Nicaragua to Panama were Refined Petroleum ($33.1M), Coffee ($11.9M), and Hard Liquor ($5.57M). During the last 27 years the exports of Nicaragua to Panama have increased at an annualized rate of 12.8%, from $2.83M in 1995 to $73M in 2022.

Exports from Panama (Flag) to Nicaragua (Flag) (2022)

Exports from Nicaragua (Flag) to Panama (Flag) (2022)

Latest Data

Trade between Panama (Flag) and Nicaragua (Flag)

Panama Exports

Nicaragua Exports

Date

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2021, countries that imported more from Panama than Nicaragua were China ($1.14B), Japan ($785M), and South Korea ($539M).

In 2021, countries that imported more from Nicaragua than Panama were United States ($4.09B), Mexico ($943M), and Honduras ($541M).

Difference in imports from Nicaragua (Flag) and Panama (Flag) (2022)

Comparative Advantage Panama - Nicaragua

Flow
Scale

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

During 2022, Panama had a large net trade with Nicaragua in the exports of Mineral Products ($21.9M), Metals ($13.8M), and Animal Products ($6.15M).

During 2022, Nicaragua had a large net trade with Panama in the exports of Mineral Products ($33.1M), Vegetable Products ($12.4M), and Foodstuffs ($12.2M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Panama has comparative advantage over Nicaragua. Similarly, the more yellow a dot/product is, the more Nicaragua has comparative advantage over Panama.

Product Space of Panama (Flag) and Nicaragua (Flag) (2022)

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