Dominica (DMA) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Dominica-Nicaragua Trade: In 2022, Dominica exported $1.56k to Nicaragua. The main products that Dominica exported to Nicaragua were Thermostats ($1.85k), Insulated Wire ($107), and Non-Knit Men's Undergarments ($106). Over the past 8 years the exports of Dominica to Nicaragua have decreased at an annualized rate of 20.2%, from $9.48k in 2014 to $1.56k in 2022.

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

Nicaragua-Dominica Trade: In 2022, Nicaragua exported $1.43M to Dominica. The main products that Nicaragua exported to Dominica were N/A. Over the past 8 years the exports of Nicaragua to Dominica have increased at an annualized rate of 65.6%, from $25.3k in 2014 to $1.43M in 2022.

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

Comparison In 2022, Dominica ranked 212 in total exports ($23.6M), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Dominica exported $1.56k to Nicaragua. The main products exported from Dominica to Nicaragua were Thermostats ($1.85k), Insulated Wire ($107), and Non-Knit Men's Undergarments ($106). During the last 8 years the exports of Dominica to Nicaragua have decreased at an annualized rate of 20.2%, from $9.48k in 2014 to $1.56k in 2022.

In 2014, Nicaragua exported $1.43M to Dominica. There were not main exports from Nicaragua to Dominica in 2014. During the last 18 years the exports of Nicaragua to Dominica have increased at an annualized rate of 65.6%, from $25.3k in 1996 to $1.43M in 2014.

Exports from Dominica () to Nicaragua () (2022)

Exports from Nicaragua () to Dominica () (2022)

Latest Data

Trade between Dominica () and Nicaragua ()

Nicaragua Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Dominica
Top DestinationBahamas$2.84M

Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Dominica than Nicaragua included Bahamas ($2.84M), Guyana ($1.82M), and Antigua and Barbuda ($1.67M).

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

Difference in imports from Nicaragua () and Dominica () (2022)

Comparative Advantage Dominica - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Dominica had a large net trade with Nicaragua in the exports of Instruments ($1.85k), Machines ($107), and Textiles ($106).

During 2014, Nicaragua had a large net trade with Dominica in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Dominica () to Nicaragua () (2022)

Exports from Nicaragua () to Dominica () (2022)

Latest Data

Trade between Dominica () and Nicaragua ()

Nicaragua Exports

Market Competitiveness

Difference in imports from Nicaragua () and Dominica () (2022)

Comparative Advantage Dominica - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Dominica () and Nicaragua () (2022)

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