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
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186

About

Cuba-Nicaragua Trade: In 2022, Cuba exported $1.08M to Nicaragua. The main products that Cuba exported to Nicaragua were Raw Tobacco ($605k), Pesticides ($440k), and Packaged Medicaments ($36.7k). Over the past 5 years the exports of Cuba to Nicaragua have increased at an annualized rate of 12.5%, from $602k in 2017 to $1.08M in 2022.

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

Nicaragua-Cuba Trade: In 2022, Nicaragua exported $6.86M to Cuba. The main products that Nicaragua exported to Cuba were Coffee ($2.47M), Vaccines, blood, antisera, toxins and cultures ($1.6M), and Dried Legumes ($1.13M). Over the past 5 years the exports of Nicaragua to Cuba have increased at an annualized rate of 29%,  from $1.92M in 2017 to $6.86M in 2022.

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

Comparison In 2022,  Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index. 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, Cuba exported $1.08M to Nicaragua. The main products exported from Cuba to Nicaragua were Raw Tobacco ($605k), Pesticides ($440k), and Packaged Medicaments ($36.7k). During the last 5 years the exports of Cuba to Nicaragua have increased at an annualized rate of 12.5%, from $602k in 2017 to $1.08M in 2022.

In 2017, Nicaragua exported $6.86M to Cuba. The main products exported from Nicaragua to Cuba were Coffee ($2.47M), Vaccines, blood, antisera, toxins and cultures ($1.6M), and Dried Legumes ($1.13M). During the last 5 years the exports of Nicaragua to Cuba have increased at an annualized rate of 29%, from $1.92M in 2022 to $6.86M in 2017.

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

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

Latest Data

Trade between Cuba (Flag) and Nicaragua (Flag)

Nicaragua Exports

Date

Market Competitiveness

Color
Cuba
Top Destination
China$426M
Nicaragua
Top Destination
United States$4.09B

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

In 2022, countries that imported more from Cuba than Nicaragua included China ($426M), Portugal ($43.3M), and Cyprus ($31.2M).

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

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

Comparative Advantage Cuba - Nicaragua

Flow
Scale

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

During 2022, Cuba had a large net trade with Nicaragua in the exports of Foodstuffs ($605k), Chemical Products ($477k), and Paper Goods ($1.35k).

During 2017, Nicaragua had a large net trade with Cuba in the exports of Vegetable Products ($4.14M), Chemical Products ($1.6M), and Foodstuffs ($790k).

Economic Complexity

Competitive Landscape

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

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

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