Sign In
Pricing

2022
Flag → Flag
Exports $455MRnk 97 / 217
2022
Flag → Flag
Top Product $235MOther Non-Knit Clothing Accessories
2022
Flag → Flag
Exports $11MRnk 34 / 148
2022
Flag → Flag
Top Product $3.06MSawn Wood
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

India-Nicaragua Trade: In 2022, India exported $455M to Nicaragua. The main products that India exported to Nicaragua were Other Non-Knit Clothing Accessories ($235M), Packaged Medicaments ($43M), and Light Rubberized Knitted Fabric ($33.5M). Over the past 5 years the exports of India to Nicaragua have increased at an annualized rate of 24.7%, from $151M in 2017 to $455M in 2022.

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

Nicaragua-India Trade: In 2022, Nicaragua exported $11M to India. The main products that Nicaragua exported to India were Sawn Wood ($3.06M), Scrap Iron ($3.02M), and Rough Wood ($2.52M). Over the past 5 years the exports of Nicaragua to India have increased at an annualized rate of 19.5%,  from $4.49M in 2017 to $11M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $12.1M and imported $1.72M from Nicaragua, resulting in a positive trade balance of $10.4M. Between August 2023 and August 2024 the exports of India have decreased by $-281k (-2.27%) from $12.4M to $12.1M, while imports increased by $438k (34.1%) from $1.28M to $1.72M.

Trade In August 2024, the top exports of India to Nicaragua were Indl. Machnry For Dairy Etc ($1.39M), Drug Formulations, Biologicals ($1.03M), Motor Vehicle/Cars ($745k), Agro Chemicals ($471k), and Two And Three Wheelers ($379k). In August 2024 the top imports of India from Nicaragua were Iron And Steel ($595k), Plywood And Allied Products ($531k), Other Wood And Wood Products ($127k), Aluminium, Products Of Aluminm ($92.4k), and Plastic Raw Materials ($6.14k).

Growth In August 2024, the decrease in India's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Two And Three Wheelers ($-598k or -61.2%), Cotton Fabrics, Madeups Etc. ($-537k or -86.3%), and Medical And Scientific Instrum ($-101k or -80.1%). In August 2024, the increase in India's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Plywood And Allied Products ($344k or 185%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-281k(-2.27%)
IMPORT GROWTH (August 2023 - August 2024)$438k(34.1%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Nicaragua and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nicaragua and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $455M to Nicaragua. The main products exported from India to Nicaragua were Other Non-Knit Clothing Accessories ($235M), Packaged Medicaments ($43M), and Light Rubberized Knitted Fabric ($33.5M). During the last 5 years the exports of India to Nicaragua have increased at an annualized rate of 24.7%, from $151M in 2017 to $455M in 2022.

In 2017, Nicaragua exported $11M to India. The main products exported from Nicaragua to India were Sawn Wood ($3.06M), Scrap Iron ($3.02M), and Rough Wood ($2.52M). During the last 5 years the exports of Nicaragua to India have increased at an annualized rate of 19.5%, from $4.49M in 2022 to $11M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from India than Nicaragua included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Nicaragua than India included Honduras ($541M) and El Salvador ($437M).

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

Comparative Advantage India - Nicaragua

Flow
Scale

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

During 2022, India had a large net trade with Nicaragua in the exports of Textiles ($304M), Chemical Products ($57.4M), and Transportation ($38M).

During 2017, Nicaragua had a large net trade with India in the exports of Wood Products ($5.57M), Metals ($3.32M), and Machines ($983k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Nicaragua+$9.78MPackaged Medicaments
Top Product Potential Nicaragua India+$3.52MScrap Iron

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms