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Pricing

2022
Flag → Flag
Exports $111kRnk 105 / 127
2022
Flag → Flag
Top Product $88.2kPackaged Medicaments
2022
Flag → Flag
Exports $111kRnk 102 / 148
2022
Flag → Flag
Top Product $111kCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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 $4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Iran-Nicaragua Trade: In 2022, Iran exported $111k to Nicaragua. The main products that Iran exported to Nicaragua were Packaged Medicaments ($88.2k), Optical Fibers and optical fibre bundles ($7.96k), and Valves ($5.93k). Over the past 5 years the exports of Iran to Nicaragua have increased at an annualized rate of 0.79%, from $106k in 2017 to $111k in 2022.

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

Nicaragua-Iran Trade: In 2022, Nicaragua exported $111k to Iran. The main products that Nicaragua exported to Iran were Coffee ($111k). Over the past 5 years the exports of Nicaragua to Iran have increased at an annualized rate of 8.96%,  from $56k in 2017 to $111k in 2022.

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

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $111k to Nicaragua. The main products exported from Iran to Nicaragua were Packaged Medicaments ($88.2k), Optical Fibers and optical fibre bundles ($7.96k), and Valves ($5.93k). During the last 5 years the exports of Iran to Nicaragua have increased at an annualized rate of 0.79%, from $106k in 2017 to $111k in 2022.

In 2017, Nicaragua exported $111k to Iran. The main products exported from Nicaragua to Iran were Coffee ($111k). During the last 5 years the exports of Nicaragua to Iran have increased at an annualized rate of 8.96%, from $56k in 2022 to $111k in 2017.

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

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

Latest Data

Trade between Iran (Flag) and Nicaragua (Flag)

Nicaragua Exports

Date

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Iran than Nicaragua included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

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

Comparative Advantage Iran - Nicaragua

Flow
Scale

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

During 2022, Iran had a large net trade with Nicaragua in the exports of Chemical Products ($91.1k), Machines ($10.2k), and Instruments ($8.7k).

During 2017, Nicaragua had a large net trade with Iran in the exports of Vegetable Products ($111k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Nicaragua+$101kPackaged Medicaments
Top Product Potential Nicaragua Iran+$280kCoffee

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

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

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