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Pricing

2022
Flag → Flag
Exports $166MRnk 96 / 223
2022
Flag → Flag
Top Product $57.6MCorn
2022
Flag → Flag
Exports $6.91MRnk 36 / 148
2022
Flag → Flag
Top Product $3.51MScrap Aluminium
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 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 $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Brazil-Nicaragua Trade: In 2022, Brazil exported $166M to Nicaragua. The main products that Brazil exported to Nicaragua were Corn ($57.6M), Cars ($10.7M), and Large Construction Vehicles ($10.5M). Over the past 5 years the exports of Brazil to Nicaragua have increased at an annualized rate of 6.13%, from $123M in 2017 to $166M in 2022.

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

Nicaragua-Brazil Trade: In 2022, Nicaragua exported $6.91M to Brazil. The main products that Nicaragua exported to Brazil were Scrap Aluminium ($3.51M), Rolled Tobacco ($2.2M), and Scrap Copper ($546k). Over the past 5 years the exports of Nicaragua to Brazil have increased at an annualized rate of 12.7%,  from $3.8M in 2017 to $6.91M in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Latest Trends

August, 2024

About

Overview In August 2024, Brazil exported $19.1M and imported $611k from Nicaragua, resulting in a positive trade balance of $18.5M. Between August 2023 and August 2024 the exports of Brazil have decreased by $-9.44M (-33%) from $28.6M to $19.1M, while imports increased by $292k (91.4%) from $320k to $611k.

Trade In August 2024, the top exports of Brazil to Nicaragua were Corn ($12.9M), Large Construction Vehicles ($1.61M), Batteries ($280k), Confectionery Sugar ($229k), and Cars ($215k). In August 2024 the top imports of Brazil from Nicaragua were Scrap Aluminium ($215k), Insulated Wire ($8.51k), Rolled Tobacco ($4.16k), Knit T-shirts ($3.22k), and Metal Mountings ($2.04k).

Origins In August 2024 the exports of Brazil were mainly from Mato Grosso ($6.77M), São Paulo ($4.58M), Rio Grande do Sul ($3.86M), Santa Catarina ($1.15M), and Bahia ($1.14M), while imports destinations were mainly São Paulo ($560k), Santa Catarina ($44.4k), Bahia ($3.24k), Rio de Janeiro ($2.32k), and Minas Gerais ($1.2k).

Growth In August 2024, the decrease in Brazil's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Cars ($-600k or -73.6%), Tractors ($-418k or -69.4%), and Coffee and Tea Extracts ($-295k or -65.9%). In August 2024, the increase in Brazil's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Insulated Wire ($4.9k or 135%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-9.44M(-33%)
IMPORT GROWTH (August 2023 - August 2024)$292k(91.4%)
MAIN EXPORTER (August 2024)Mato Grosso$6.77M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Nicaragua and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nicaragua and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $166M to Nicaragua. The main products exported from Brazil to Nicaragua were Corn ($57.6M), Cars ($10.7M), and Large Construction Vehicles ($10.5M). During the last 5 years the exports of Brazil to Nicaragua have increased at an annualized rate of 6.13%, from $123M in 2017 to $166M in 2022.

In 2017, Nicaragua exported $6.91M to Brazil. The main products exported from Nicaragua to Brazil were Scrap Aluminium ($3.51M), Rolled Tobacco ($2.2M), and Scrap Copper ($546k). During the last 5 years the exports of Nicaragua to Brazil have increased at an annualized rate of 12.7%, from $3.8M in 2022 to $6.91M in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Brazil than Nicaragua included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Nicaragua than Brazil included Honduras ($541M), El Salvador ($437M), and North Korea ($36.2k).

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

Comparative Advantage Brazil - Nicaragua

Flow
Scale

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

During 2022, Brazil had a large net trade with Nicaragua in the exports of Vegetable Products ($61.8M), Machines ($39.4M), and Transportation ($26.4M).

During 2017, Nicaragua had a large net trade with Brazil in the exports of Metals ($4.06M), Foodstuffs ($2.2M), and Textiles ($203k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Nicaragua+$3.37MCars
Top Product Potential Nicaragua Brazil+$1.01MRolled Tobacco

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

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

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