Haiti (HTI) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Haiti-Nicaragua Trade: In 2022, Haiti exported $560k to Nicaragua. The main products that Haiti exported to Nicaragua were Knit T-shirts ($390k), Light Rubberized Knitted Fabric ($115k), and Knitted Hats ($37.2k). Over the past 5 years the exports of Haiti to Nicaragua have increased at an annualized rate of 20.4%, from $222k in 2017 to $560k in 2022.

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

Nicaragua-Haiti Trade: In 2022, Nicaragua exported $17.8M to Haiti. The main products that Nicaragua exported to Haiti were Raw Sugar ($16.1M), Heavy Synthetic Cotton Fabrics ($1.42M), and Soap ($191k). Over the past 5 years the exports of Nicaragua to Haiti have increased at an annualized rate of 7.32%, from $12.5M in 2017 to $17.8M in 2022.

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

Comparison In 2022, Haiti ranked 156 in total exports ($1.28B), 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, Haiti exported $560k to Nicaragua. The main products exported from Haiti to Nicaragua were Knit T-shirts ($390k), Light Rubberized Knitted Fabric ($115k), and Knitted Hats ($37.2k). During the last 5 years the exports of Haiti to Nicaragua have increased at an annualized rate of 20.4%, from $222k in 2017 to $560k in 2022.

In 2017, Nicaragua exported $17.8M to Haiti. The main products exported from Nicaragua to Haiti were Raw Sugar ($16.1M), Heavy Synthetic Cotton Fabrics ($1.42M), and Soap ($191k). During the last 5 years the exports of Nicaragua to Haiti have increased at an annualized rate of 7.32%, from $12.5M in 2022 to $17.8M in 2017.

Exports from Haiti () to Nicaragua () (2022)

Exports from Nicaragua () to Haiti () (2022)

Latest Data

Trade between Haiti () and Nicaragua ()

Nicaragua Exports

Date

Mar 2016

Feb 2016

Jan 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Haiti
Top DestinationUnited States$1.08B

Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Haiti than Nicaragua included Thailand ($16.4M), India ($15.8M), and Jamaica ($4.19M).

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

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

Comparative Advantage Haiti - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Haiti had a large net trade with Nicaragua in the exports of Textiles ($522k), Footwear and Headwear ($37.2k), and Plastics and Rubbers ($1.06k).

During 2017, Nicaragua had a large net trade with Haiti in the exports of Foodstuffs ($16.1M), Textiles ($1.47M), and Chemical Products ($191k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Haiti Nicaragua+$939kKnit T-shirts

Top Product Potential Nicaragua Haiti+$55.7kRolled Tobacco

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 Haiti and Nicaragua. This means that a dot/product with the flag of Haiti indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Haiti.

About

Historical Data

Bilateral Trade by Products

Exports from Haiti () to Nicaragua () (2022)

Exports from Nicaragua () to Haiti () (2022)

Latest Data

Trade between Haiti () and Nicaragua ()

Nicaragua Exports

Market Competitiveness

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

Comparative Advantage Haiti - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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