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2023
Flag → Flag
Exports $739kRnk 58 / 121
2023
Flag → Flag
Exports $5.07MRnk 44 / 149
2023
Flag → Flag
Top Product $1.83MCoffee
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Cuba-Nicaragua Trade: In 2023, Cuba exported $739k to Nicaragua. The main products that Cuba exported to Nicaragua were N/A. Over the past 5 years the exports of Cuba to Nicaragua have increased at an annualized rate of 19.9%, from $297k in 2018 to $739k in 2023.

In 2023, Cuba did not export any services to Nicaragua.

Nicaragua-Cuba Trade: In 2023, Nicaragua exported $5.07M to Cuba. The main products that Nicaragua exported to Cuba were Coffee ($1.83M), Vaccines, blood, antisera, toxins and cultures ($1.6M), and Beer ($1.18M). Over the past 5 years the exports of Nicaragua to Cuba have increased at an annualized rate of 27.5%,  from $1.5M in 2018 to $5.07M in 2023.

In 2023, Nicaragua did not export any services to Cuba.

Comparison: In 2023,  Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $739k to Nicaragua. There were not main exports from Cuba to Nicaragua in 2023. During the last 5 years the exports of Cuba to Nicaragua have increased at an annualized rate of 19.9%, from $297k in 2018 to $739k in 2023.

In 2018, Nicaragua exported $5.07M to Cuba. The main products exported from Nicaragua to Cuba were Coffee ($1.83M), Vaccines, blood, antisera, toxins and cultures ($1.6M), and Beer ($1.18M). During the last 5 years the exports of Nicaragua to Cuba have increased at an annualized rate of 27.5%, from $1.5M in 2023 to $5.07M in 2018.

Exports from Cuba (Flag) to Nicaragua (Flag) (2023)

Exports from Nicaragua (Flag) to Cuba (Flag) (2023)

Latest Data

Trade between Cuba (Flag) and Nicaragua (Flag)

Nicaragua Exports

Date

Market Competitiveness

Color
Cuba
Top DestinationChina$358M
Nicaragua
Top DestinationUnited States$4.38B

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 2023, countries that imported more from Cuba than Nicaragua included China ($358M), Spain ($129M), and Cyprus ($42.5M).

In 2023, countries that imported more from Nicaragua than Cuba included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

Difference in imports from Nicaragua (Flag) and Cuba (Flag) (2023)

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 2023, Cuba had a large net trade with Nicaragua in the exports of Foodstuffs ($491k), Chemical Products ($246k), and Transportation ($761).

During 2018, Nicaragua had a large net trade with Cuba in the exports of Vegetable Products ($1.83M), Chemical Products ($1.6M), and Foodstuffs ($1.53M).

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) (2023)

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