2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186

About

Bolivia-Nicaragua Trade: In 2022, Bolivia exported $961k to Nicaragua. The main products that Bolivia exported to Nicaragua were Friction Material ($511k), Industrial Fatty Acids, Oils and Alcohols ($256k), and Borax ($156k). Over the past 5 years the exports of Bolivia to Nicaragua have increased at an annualized rate of 15.4%, from $469k in 2017 to $961k in 2022.

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

Nicaragua-Bolivia Trade: In 2022, Nicaragua exported $2.09M to Bolivia. The main products that Nicaragua exported to Bolivia were Hard Liquor ($2.07M), Knit T-shirts ($7.3k), and Knit Sweaters ($3.96k). Over the past 5 years the exports of Nicaragua to Bolivia have increased at an annualized rate of 12.8%,  from $1.15M in 2017 to $2.09M in 2022.

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

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). 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, Bolivia exported $961k to Nicaragua. The main products exported from Bolivia to Nicaragua were Friction Material ($511k), Industrial Fatty Acids, Oils and Alcohols ($256k), and Borax ($156k). During the last 5 years the exports of Bolivia to Nicaragua have increased at an annualized rate of 15.4%, from $469k in 2017 to $961k in 2022.

In 2017, Nicaragua exported $2.09M to Bolivia. The main products exported from Nicaragua to Bolivia were Hard Liquor ($2.07M), Knit T-shirts ($7.3k), and Knit Sweaters ($3.96k). During the last 5 years the exports of Nicaragua to Bolivia have increased at an annualized rate of 12.8%, from $1.15M in 2022 to $2.09M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Nicaragua
Top Destination
United States$4.09B

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

In 2022, countries that imported more from Bolivia than Nicaragua included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

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

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

Comparative Advantage Bolivia - Nicaragua

Flow
Scale

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

During 2022, Bolivia had a large net trade with Nicaragua in the exports of Stone And Glass ($511k), Chemical Products ($269k), and Mineral Products ($156k).

During 2017, Nicaragua had a large net trade with Bolivia in the exports of Foodstuffs ($2.07M), Textiles ($14.1k), and Miscellaneous ($2.21k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Nicaragua+$22.8kMixed Mineral or Chemical Fertilizers
Top Product Potential Nicaragua Bolivia+$37.9kKnit 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 Bolivia and Nicaragua. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Bolivia.

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

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