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2022
Flag → Flag
Exports $111MRnk 83 / 215
2022
Flag → Flag
Top Product $57.3MWheat
2022
Flag → Flag
Exports $54.8MRnk 16 / 148
2022
Flag → Flag
Top Product $26.9MCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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 $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Canada-Nicaragua Trade: In 2022, Canada exported $111M to Nicaragua. The main products that Canada exported to Nicaragua were Wheat ($57.3M), Used Clothing ($15.7M), and Potassic Fertilizers ($6.73M). Over the past 5 years the exports of Canada to Nicaragua have increased at an annualized rate of 17.2%, from $50.3M in 2017 to $111M in 2022.

In 2020, Canada exported services to Nicaragua worth $2.98M, with Travel ($2.98M) being the largest in terms of value.

Nicaragua-Canada Trade: In 2022, Nicaragua exported $54.8M to Canada. The main products that Nicaragua exported to Canada were Coffee ($26.9M), Rolled Tobacco ($4.11M), and Other Oily Seeds ($4M). Over the past 5 years the exports of Nicaragua to Canada have decreased at an annualized rate of 2.78%,  from $64.9M in 2017 to $54.8M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). 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, Canada exported C$4.54M and imported C$58.4M from Nicaragua, resulting in a negative trade balance of C$53.9M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-14.5M (-76.2%) from C$19.1M to C$4.54M, while imports decreased by C$-38.4M (-39.7%) from C$96.8M to C$58.4M.

Trade In August 2024, the top exports of Canada to Nicaragua were Used Clothing (C$1.37M), Interchangeable Tool Parts (C$246k), Leather Footwear (C$198k), Peat (C$126k), and Textile Scraps (C$52.1k). In August 2024 the top imports of Canada from Nicaragua were Knit T-shirts (C$3.97M), Coffee (C$1.95M), Knit Sweaters (C$1.87M), Other Vegetables (C$1.05M), and Non-Knit Men's Suits (C$977k).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$2.84M), Saskatchewan (C$1.03M), British Columbia (C$449k), Quebec (C$157k), and New Brunswick (C$45.7k), while imports destinations were mainly Ontario (C$55M), British Columbia (C$2.05M), Quebec (C$503k), Alberta (C$418k), and Manitoba (C$322k).

Growth In August 2024, the decrease in Canada's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Stone Processing Machines (C$-156k or -88.4%), Other Footwear (C$-79.7k or -96%), and Textile Scraps (C$-48.8k or -48.4%). In August 2024, the decrease in Canada's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in Coffee (C$-1.16M or -37.3%), Legume Flours (C$-96k or -62.5%), and Knit Babies' Garments (C$-53.6k or -50%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-14.5M(-76.2%)
IMPORT GROWTH (August 2023 - August 2024)C$-38.4M(-39.7%)
MAIN EXPORTER (August 2024)OntarioC$2.84M

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

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

For full datasets download visit Bulk Download page.

Explore Nicaragua and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $111M to Nicaragua. The main products exported from Canada to Nicaragua were Wheat ($57.3M), Used Clothing ($15.7M), and Potassic Fertilizers ($6.73M). During the last 5 years the exports of Canada to Nicaragua have increased at an annualized rate of 17.2%, from $50.3M in 2017 to $111M in 2022.

In 2017, Nicaragua exported $54.8M to Canada. The main products exported from Nicaragua to Canada were Coffee ($26.9M), Rolled Tobacco ($4.11M), and Other Oily Seeds ($4M). During the last 5 years the exports of Nicaragua to Canada have decreased at an annualized rate of 2.78%, from $64.9M in 2022 to $54.8M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Canada than Nicaragua included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

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

Comparative Advantage Canada - Nicaragua

Flow
Scale

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

During 2022, Canada had a large net trade with Nicaragua in the exports of Vegetable Products ($58M), Textiles ($17.9M), and Metals ($9.91M).

During 2017, Nicaragua had a large net trade with Canada in the exports of Vegetable Products ($34.6M), Textiles ($9.41M), and Foodstuffs ($8.29M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Nicaragua+$2.18MPackaged Medicaments
Top Product Potential Nicaragua Canada+$12.5MCoffee

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

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

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