2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186

About

Israel-Nicaragua Trade: In 2022, Israel exported $18.2M to Nicaragua. The main products that Israel exported to Nicaragua were Other Heating Machinery ($8.01M), Pesticides ($2.43M), and Steam Turbines ($1.31M). Over the past 5 years the exports of Israel to Nicaragua have increased at an annualized rate of 9.95%, from $11.3M in 2017 to $18.2M in 2022.

In 2012, Israel exported services to Nicaragua worth $4.5M, with Computer and information services ($4.5M) being the largest in terms of value.

Nicaragua-Israel Trade: In 2022, Nicaragua exported $763k to Israel. The main products that Nicaragua exported to Israel were Rolled Tobacco ($547k), Coffee ($206k), and Hard Liquor ($7.21k). Over the past 5 years the exports of Nicaragua to Israel have increased at an annualized rate of 12.8%,  from $419k in 2017 to $763k in 2022.

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

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $18.2M to Nicaragua. The main products exported from Israel to Nicaragua were Other Heating Machinery ($8.01M), Pesticides ($2.43M), and Steam Turbines ($1.31M). During the last 5 years the exports of Israel to Nicaragua have increased at an annualized rate of 9.95%, from $11.3M in 2017 to $18.2M in 2022.

In 2017, Nicaragua exported $763k to Israel. The main products exported from Nicaragua to Israel were Rolled Tobacco ($547k), Coffee ($206k), and Hard Liquor ($7.21k). During the last 5 years the exports of Nicaragua to Israel have increased at an annualized rate of 12.8%, from $419k in 2022 to $763k in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Nicaragua (Flag)

Israel Exports

Nicaragua Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Nicaragua
Top Destination
United States$4.09B

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

In 2022, countries that imported more from Israel than Nicaragua included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

In 2022, countries that imported more from Nicaragua than Israel included Honduras ($541M), El Salvador ($437M), and Mexico ($943M).

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

Comparative Advantage Israel - Nicaragua

Flow
Scale

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

During 2022, Israel had a large net trade with Nicaragua in the exports of Machines ($11.9M), Chemical Products ($3.46M), and Metals ($1.3M).

During 2017, Nicaragua had a large net trade with Israel in the exports of Foodstuffs ($554k), Vegetable Products ($206k), and Wood Products ($1.87k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Nicaragua+$783kPackaged Medicaments
Top Product Potential Nicaragua Israel+$678kRolled 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

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

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

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