Peru (PER) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Peru-Nicaragua Trade: In 2022, Peru exported $32.3M to Nicaragua. The main products that Peru exported to Nicaragua were Baked Goods ($5.66M), Packaged Medicaments ($2.78M), and Excavation Machinery ($1.69M). Over the past 5 years the exports of Peru to Nicaragua have decreased at an annualized rate of 4.83%, from $41.4M in 2017 to $32.3M in 2022.

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

Nicaragua-Peru Trade: In 2022, Nicaragua exported $34.2M to Peru. The main products that Nicaragua exported to Peru were Raw Sugar ($21.9M), Hard Liquor ($5.04M), and Non-fillet Frozen Fish ($4.93M). Over the past 5 years the exports of Nicaragua to Peru have increased at an annualized rate of 10.1%, from $21.1M in 2017 to $34.2M in 2022.

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $32.3M to Nicaragua. The main products exported from Peru to Nicaragua were Baked Goods ($5.66M), Packaged Medicaments ($2.78M), and Excavation Machinery ($1.69M). During the last 5 years the exports of Peru to Nicaragua have decreased at an annualized rate of 4.83%, from $41.4M in 2017 to $32.3M in 2022.

In 2017, Nicaragua exported $34.2M to Peru. The main products exported from Nicaragua to Peru were Raw Sugar ($21.9M), Hard Liquor ($5.04M), and Non-fillet Frozen Fish ($4.93M). During the last 5 years the exports of Nicaragua to Peru have increased at an annualized rate of 10.1%, from $21.1M in 2022 to $34.2M in 2017.

Exports from Peru () to Nicaragua () (2022)

Exports from Nicaragua () to Peru () (2022)

Latest Data

Trade between Peru () and Nicaragua ()

Peru Exports

Date

Nicaragua Exports

Date

Mar 2016

Feb 2016

Jan 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Peru than Nicaragua included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

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

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

Comparative Advantage Peru - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Nicaragua in the exports of Chemical Products ($8.17M), Foodstuffs ($7.88M), and Machines ($4.94M).

During 2017, Nicaragua had a large net trade with Peru in the exports of Foodstuffs ($26.9M), Animal Products ($5.2M), and Transportation ($635k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Nicaragua+$621kPackaged Medicaments

Top Product Potential Nicaragua Peru+$465kVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Nicaragua () (2022)

Exports from Nicaragua () to Peru () (2022)

Latest Data

Trade between Peru () and Nicaragua ()

Peru Exports

Nicaragua Exports

Market Competitiveness

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

Comparative Advantage Peru - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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