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Pricing

2022
Flag → Flag
Exports $10.6MRnk 71 / 168
2022
Flag → Flag
Top Product $6.95MOther Edible Preparations
2022
Flag → Flag
Exports $97.6kRnk 103 / 148
2022
Flag → Flag
Top Product $62.8kEthylene Polymers
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 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 $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Uruguay-Nicaragua Trade: In 2022, Uruguay exported $10.6M to Nicaragua. The main products that Uruguay exported to Nicaragua were Other Edible Preparations ($6.95M), Rice ($1.68M), and Packaged Medicaments ($1.67M). Over the past 5 years the exports of Uruguay to Nicaragua have increased at an annualized rate of 2.47%, from $9.42M in 2017 to $10.6M in 2022.

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

Nicaragua-Uruguay Trade: In 2022, Nicaragua exported $97.6k to Uruguay. The main products that Nicaragua exported to Uruguay were Ethylene Polymers ($62.8k), Knit T-shirts ($15.1k), and Coffee ($7.95k). Over the past 5 years the exports of Nicaragua to Uruguay have decreased at an annualized rate of 12.5%,  from $190k in 2017 to $97.6k in 2022.

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

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). 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
Value

In 2022, Uruguay exported $10.6M to Nicaragua. The main products exported from Uruguay to Nicaragua were Other Edible Preparations ($6.95M), Rice ($1.68M), and Packaged Medicaments ($1.67M). During the last 5 years the exports of Uruguay to Nicaragua have increased at an annualized rate of 2.47%, from $9.42M in 2017 to $10.6M in 2022.

In 2017, Nicaragua exported $97.6k to Uruguay. The main products exported from Nicaragua to Uruguay were Ethylene Polymers ($62.8k), Knit T-shirts ($15.1k), and Coffee ($7.95k). During the last 5 years the exports of Nicaragua to Uruguay have decreased at an annualized rate of 12.5%, from $190k in 2022 to $97.6k in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Nicaragua (Flag)

Uruguay Exports

Nicaragua Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Uruguay than Nicaragua included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

In 2022, countries that imported more from Nicaragua than Uruguay included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

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

Comparative Advantage Uruguay - Nicaragua

Flow
Scale

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

During 2022, Uruguay had a large net trade with Nicaragua in the exports of Foodstuffs ($6.95M), Chemical Products ($1.94M), and Vegetable Products ($1.68M).

During 2017, Nicaragua had a large net trade with Uruguay in the exports of Plastics and Rubbers ($62.8k), Textiles ($19.1k), and Vegetable Products ($7.95k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Nicaragua+$343kPackaged Medicaments
Top Product Potential Nicaragua Uruguay+$68.7kKnit 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

This visualization shows the product space at the HS4 level with the flags of Uruguay and Nicaragua. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Uruguay.

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

Keep Exploring

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