Paraguay-Nicaragua Trade: In 2022, Paraguay exported $1.04M to Nicaragua. The main products that Paraguay exported to Nicaragua were Packaged Medicaments ($876k), Pesticides ($74.3k), and Raw Tobacco ($44.7k). Over the past 5 years the exports of Paraguay to Nicaragua have decreased at an annualized rate of 20.8%, from $3.32M in 2017 to $1.04M in 2022.
In 2022, Paraguay did not export any services to Nicaragua.
Nicaragua-Paraguay Trade: In 2022, Nicaragua exported $94.7k to Paraguay. The main products that Nicaragua exported to Paraguay were Hard Liquor ($24.7k), Ball Bearings ($24k), and Motor vehicles; parts and accessories (8701 to 8705) ($15.5k). Over the past 5 years the exports of Nicaragua to Paraguay have decreased at an annualized rate of 16.6%, from $282k in 2017 to $94.7k in 2022.
In 2022, Nicaragua did not export any services to Paraguay.
Comparison: In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).