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2023
Flag → Flag
Exports $211MRnk 98 / 211
2023
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Top Product $53.7MDelivery Trucks
2023
Flag → Flag
Exports $25.4MRnk 23 / 149
2023
Flag → Flag
Top Product $11.4MCoffee
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
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GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
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GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Japan-Nicaragua Trade: In 2023, Japan exported $211M to Nicaragua. The main products that Japan exported to Nicaragua were Delivery Trucks ($53.7M), Cars ($32.1M), and Hot-Rolled Iron ($31.5M). Over the past 5 years the exports of Japan to Nicaragua have increased at an annualized rate of 12.7%, from $116M in 2018 to $211M in 2023.

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

Nicaragua-Japan Trade: In 2023, Nicaragua exported $25.4M to Japan. The main products that Nicaragua exported to Japan were Coffee ($11.4M), Knit Sweaters ($2.41M), and Animal Organs ($2.16M). Over the past 5 years the exports of Nicaragua to Japan have increased at an annualized rate of 3.46%,  from $21.5M in 2018 to $25.4M in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥2.38B and imported ¥406M from Nicaragua, resulting in a positive trade balance of ¥1.98B. Between November 2023 and November 2024 the exports of Japan have increased by ¥443M (22.9%) from ¥1.94B to ¥2.38B, while imports increased by ¥156M (62.5%) from ¥250M to ¥406M.

Trade In November 2024, the top exports of Japan to Nicaragua were Hot-Rolled Iron (¥214M), Flat Flat-Rolled Steel (¥191M), Delivery Trucks (¥184M), Cars (¥101M), and Buses (¥54.8M). In November 2024 the top imports of Japan from Nicaragua were Non-Knit Active Wear (¥70.4M), Knit Sweaters (¥69M), Knit T-shirts (¥39.9M), Animal Organs (¥31.8M), and Non-Knit Men's Suits (¥23.5M).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥1.63B), Ibaraki (¥362M), Kanagawa (¥287M), Shizuoka (¥62.8M), and Fukuoka (¥21.5M), while imports destinations were mainly Hyōgo (¥140M), Tokyo (¥107M), Chiba (¥82.7M), Aichi (¥45.5M), and Kanagawa (¥26M).

Growth In November 2024, the increase in Japan's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Delivery Trucks (¥108M or 141%), Buses (¥29.5M or 117%), and Motor vehicles; parts and accessories (8701... (¥11.1M or 76.8%). In November 2024, the increase in Japan's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Non-Knit Active Wear (¥70M or 15.3k%), Knit Sweaters (¥58.7M or 574%), and Knit T-shirts (¥31.7M or 388%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥443M(22.9%)
IMPORT GROWTH (November 2023 - November 2024)¥156M(62.5%)
MAIN EXPORTER (November 2024)Aichi¥1.63B

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

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

For full datasets download visit Bulk Download page.

Explore Nicaragua and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $211M to Nicaragua. The main products exported from Japan to Nicaragua were Delivery Trucks ($53.7M), Cars ($32.1M), and Hot-Rolled Iron ($31.5M). During the last 5 years the exports of Japan to Nicaragua have increased at an annualized rate of 12.7%, from $116M in 2018 to $211M in 2023.

In 2018, Nicaragua exported $25.4M to Japan. The main products exported from Nicaragua to Japan were Coffee ($11.4M), Knit Sweaters ($2.41M), and Animal Organs ($2.16M). During the last 5 years the exports of Nicaragua to Japan have increased at an annualized rate of 3.46%, from $21.5M in 2023 to $25.4M in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Japan than Nicaragua included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Nicaragua than Japan included El Salvador ($488M), Haiti ($19M), and Saint Martin ($295k).

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

Comparative Advantage Japan - Nicaragua

Flow
Scale

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

During 2023, Japan had a large net trade with Nicaragua in the exports of Transportation ($106M), Machines ($45.4M), and Metals ($42.4M).

During 2018, Nicaragua had a large net trade with Japan in the exports of Vegetable Products ($12.6M), Textiles ($6.8M), and Animal Products ($4.75M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Nicaragua+$10.5MCars
Top Product Potential Nicaragua Japan+$10MCoffee

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

Product Space of Japan (Flag) and Nicaragua (Flag) (2023)

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