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2023
Flag → Flag
Exports $372MRnk 100 / 220
2023
Flag → Flag
Top Product $73.6MKnit T-shirts
2023
Flag → Flag
Exports $17.7MRnk 29 / 149
2023
Flag → Flag
Top Product $10.9MScrap Iron
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

India-Nicaragua Trade: In 2023, India exported $372M to Nicaragua. The main products that India exported to Nicaragua were Knit T-shirts ($73.6M), Packaged Medicaments ($64M), and Other Non-Knit Clothing Accessories ($46.1M). Over the past 5 years the exports of India to Nicaragua have increased at an annualized rate of 24.5%, from $124M in 2018 to $372M in 2023.

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

Nicaragua-India Trade: In 2023, Nicaragua exported $17.7M to India. The main products that Nicaragua exported to India were Scrap Iron ($10.9M), Rough Wood ($3.45M), and Sawn Wood ($1.29M). Over the past 5 years the exports of Nicaragua to India have increased at an annualized rate of 32.9%,  from $4.27M in 2018 to $17.7M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $13.6M and imported $1.03M from Nicaragua, resulting in a positive trade balance of $12.6M. Between November 2023 and November 2024 the exports of India have increased by $5.17M (61.3%) from $8.43M to $13.6M, while imports decreased by $-1.54M (-60%) from $2.57M to $1.03M.

Trade In November 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 November 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 November 2024, the increase in India's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Indl. Machnry For Dairy Etc ($1.32M or 1.78k%), Agro Chemicals ($445k or 1.69k%), and Moulded And Extruded Goods ($172k or 179%). In November 2024, the decrease in India's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in Other Wood And Wood Products ($-85.5k or -40.2%) and Aluminium, Products Of Aluminm ($-9.22k or -9.07%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$5.17M(61.3%)
IMPORT GROWTH (November 2023 - November 2024)$-1.54M(-60%)

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 2023, India exported $372M to Nicaragua. The main products exported from India to Nicaragua were Knit T-shirts ($73.6M), Packaged Medicaments ($64M), and Other Non-Knit Clothing Accessories ($46.1M). During the last 5 years the exports of India to Nicaragua have increased at an annualized rate of 24.5%, from $124M in 2018 to $372M in 2023.

In 2018, Nicaragua exported $17.7M to India. The main products exported from Nicaragua to India were Scrap Iron ($10.9M), Rough Wood ($3.45M), and Sawn Wood ($1.29M). During the last 5 years the exports of Nicaragua to India have increased at an annualized rate of 32.9%, from $4.27M in 2023 to $17.7M in 2018.

Exports from India (Flag) to Nicaragua (Flag) (2023)

Exports from Nicaragua (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Nicaragua
Top DestinationUnited States$4.38B

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 2023, countries that imported more from India than Nicaragua included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Nicaragua than India included El Salvador ($488M), Honduras ($297M), and Saint Martin ($295k).

Difference in imports from Nicaragua (Flag) and India (Flag) (2023)

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 2023, India had a large net trade with Nicaragua in the exports of Textiles ($173M), Chemical Products ($78.4M), and Transportation ($55.7M).

During 2018, Nicaragua had a large net trade with India in the exports of Metals ($11.9M), Wood Products ($4.74M), and Paper Goods ($472k).

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.

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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) (2023)

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