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2023
Flag → Flag
Exports $9.27MRnk 141 / 217
2023
Flag → Flag
Top Product $2.88MRefined Petroleum
2023
Flag → Flag
Exports $3.62MRnk 53 / 149
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Singapore-Nicaragua Trade: In 2023, Singapore exported $9.27M to Nicaragua. The main products that Singapore exported to Nicaragua were Refined Petroleum ($2.88M), Other Edible Preparations ($1.13M), and Rolled Tobacco ($1.11M). Over the past 5 years the exports of Singapore to Nicaragua have decreased at an annualized rate of 6.11%, from $12.7M in 2018 to $9.27M in 2023.

In 2023, Singapore did not export any services to Nicaragua.

Nicaragua-Singapore Trade: In 2023, Nicaragua exported $3.62M to Singapore. The main products that Nicaragua exported to Singapore were N/A. Over the past 5 years the exports of Nicaragua to Singapore have increased at an annualized rate of 28.2%,  from $1.05M in 2018 to $3.62M in 2023.

In 2023, Nicaragua did not export any services to Singapore.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Latest Data

Trade between Singapore (Flag) and Nicaragua (Flag)

Singapore Exports

Nicaragua Exports

Date

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Singapore than Nicaragua included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

In 2023, countries that imported more from Nicaragua than Singapore included El Salvador ($488M), Honduras ($297M), and Guatemala ($186M).

Difference in imports from Nicaragua (Flag) and Singapore (Flag) (2023)

Potential Exports

Potential Exports

Depth
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Top Product Potential Singapore Nicaragua+$8.37MRefined Petroleum
Top Product Potential Nicaragua Singapore+$812kCrustaceans

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

Product Space of Singapore (Flag) and Nicaragua (Flag) (NaN)

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