Gabon (GAB) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

About

Gabon-Nicaragua Trade: In 2023, Gabon exported $2.4M to Nicaragua. The main products that Gabon exported to Nicaragua were Sawn Wood ($2.38M), Plywood ($22.4k), and Other Cloth Articles ($548). Over the past 5 years the exports of Gabon to Nicaragua have increased at an annualized rate of 107%, from $63.8k in 2018 to $2.4M in 2023.

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

Nicaragua-Gabon Trade: In 2023, Nicaragua exported $4.79k to Gabon. The main products that Nicaragua exported to Gabon were Non-Knit Men's Suits ($3.52k), Knit Active Wear ($468), and Other Knit Garments ($460). Over the past 5 years the exports of Nicaragua to Gabon have increased at an annualized rate of 9.21%, from $3.09k in 2018 to $4.79k in 2023.

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

Comparison: In 2023, Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Gabon exported $2.4M to Nicaragua. The main products exported from Gabon to Nicaragua were Sawn Wood ($2.38M), Plywood ($22.4k), and Other Cloth Articles ($548). During the last 5 years the exports of Gabon to Nicaragua have increased at an annualized rate of 107%, from $63.8k in 2018 to $2.4M in 2023.

In 2018, Nicaragua exported $4.79k to Gabon. The main products exported from Nicaragua to Gabon were Non-Knit Men's Suits ($3.52k), Knit Active Wear ($468), and Other Knit Garments ($460). During the last 5 years the exports of Nicaragua to Gabon have increased at an annualized rate of 9.21%, from $3.09k in 2023 to $4.79k in 2018.

Exports from Gabon () to Nicaragua () (2023)

Exports from Nicaragua () to Gabon () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gabon
Top DestinationChina$2.77B

Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Gabon than Nicaragua included China ($2.77B), Indonesia ($875M), and Spain ($739M).

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

Difference in imports from Nicaragua () and Gabon () (2023)

Comparative Advantage Gabon - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gabon had a large net trade with Nicaragua in the exports of Wood Products ($2.4M) and Textiles ($548).

During 2018, Nicaragua had a large net trade with Gabon in the exports of Textiles ($4.79k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gabon Nicaragua+$3.53kCrude Petroleum

Top Product Potential Nicaragua Gabon+$1.88kInsulated Wire

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Gabon () to Nicaragua () (2023)

Exports from Nicaragua () to Gabon () (2023)

Market Competitiveness

Difference in imports from Nicaragua () and Gabon () (2023)

Comparative Advantage Gabon - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Gabon () and Nicaragua () (2023)

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