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2022
Flag → Flag
Exports $58.6MRnk 44 / 188
2022
Flag → Flag
Top Product $55.2MRefined Petroleum
2022
Flag → Flag
Exports $2.28MRnk 58 / 148
2022
Flag → Flag
Top Product $1.39MGround Nuts
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
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GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
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 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
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GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
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GDP PC $28,333CURRENT US$
Rnk 41 / 186
2012-2022
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GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186
2022
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GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Estonia-Nicaragua Trade: In 2022, Estonia exported $58.6M to Nicaragua. The main products that Estonia exported to Nicaragua were Refined Petroleum ($55.2M), Blank Audio Media ($2.54M), and Broadcasting Equipment ($465k). Over the past 5 years the exports of Estonia to Nicaragua have increased at an annualized rate of 71.2%, from $3.99M in 2017 to $58.6M in 2022.

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

Nicaragua-Estonia Trade: In 2022, Nicaragua exported $2.28M to Estonia. The main products that Nicaragua exported to Estonia were Ground Nuts ($1.39M), Coffee ($532k), and Hard Liquor ($132k). Over the past 5 years the exports of Nicaragua to Estonia have increased at an annualized rate of 86%,  from $102k in 2017 to $2.28M in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), 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, Estonia exported $58.6M to Nicaragua. The main products exported from Estonia to Nicaragua were Refined Petroleum ($55.2M), Blank Audio Media ($2.54M), and Broadcasting Equipment ($465k). During the last 5 years the exports of Estonia to Nicaragua have increased at an annualized rate of 71.2%, from $3.99M in 2017 to $58.6M in 2022.

In 2017, Nicaragua exported $2.28M to Estonia. The main products exported from Nicaragua to Estonia were Ground Nuts ($1.39M), Coffee ($532k), and Hard Liquor ($132k). During the last 5 years the exports of Nicaragua to Estonia have increased at an annualized rate of 86%, from $102k in 2022 to $2.28M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Nicaragua (Flag)

Estonia Exports

Nicaragua Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$3B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Estonia than Nicaragua included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

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

Comparative Advantage Estonia - Nicaragua

Flow
Scale

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

During 2022, Estonia had a large net trade with Nicaragua in the exports of Mineral Products ($55.5M), Machines ($3.05M), and Instruments ($48.4k).

During 2017, Nicaragua had a large net trade with Estonia in the exports of Vegetable Products ($2.02M), Foodstuffs ($174k), and Textiles ($69k).

Economic Complexity

Competitive Landscape

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

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

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