Montserrat (MSR) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

About

Montserrat-Nicaragua Trade: In 2022, Montserrat exported $1.64k to Nicaragua. The main products that Montserrat exported to Nicaragua were Refrigerators ($1.34k), Valves ($251), and Iron Fasteners ($48). Over the past 6 years the exports of Montserrat to Nicaragua have increased at an annualized rate of 21.9%, from $500 in 2016 to $1.64k in 2022.

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

Nicaragua-Montserrat In N/A, Nicaragua did not export any products to Montserrat.

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

Comparison In 2022, Montserrat ranked 220 in total exports ($6.58M), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montserrat exported $1.64k to Nicaragua. The main products exported from Montserrat to Nicaragua were Refrigerators ($1.34k), Valves ($251), and Iron Fasteners ($48). During the last 6 years the exports of Montserrat to Nicaragua have increased at an annualized rate of 21.9%, from $500 in 2016 to $1.64k in 2022.

Nicaragua does not register exports to Montserrat.

Exports from Montserrat () to Nicaragua () (2022)

Exports from Nicaragua () to Montserrat () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montserrat
Top DestinationUnited States$1.54M

Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Montserrat than Nicaragua included Antigua and Barbuda ($1.23M), Maldives ($28.8k), and Benin ($7.37k).

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

Difference in imports from Nicaragua () and Montserrat () (2022)

Comparative Advantage Montserrat - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montserrat had a large net trade with Nicaragua in the exports of Machines ($1.59k) and Metals ($48).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Montserrat () to Nicaragua () (2022)

Exports from Nicaragua () to Montserrat () (2022)

Market Competitiveness

Difference in imports from Nicaragua () and Montserrat () (2022)

Comparative Advantage Montserrat - Nicaragua

Economic Complexity

Competitive Landscape

Product Space of Montserrat () and Nicaragua () (2022)

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