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Pricing

2022
Flag → Flag
Exports $1.22MRnk 67 / 148
2022
Flag → Flag
Top Product $904kRolled Tobacco
2022
Flag → Flag
Exports $31.1kRnk 81 / 128
2022
Flag → Flag
Top Product $23.9kOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
GDP PC $2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186

About

Nicaragua-Belize Trade: In 2022, Nicaragua exported $1.22M to Belize. The main products that Nicaragua exported to Belize were Rolled Tobacco ($904k), Packaged Medicaments ($251k), and Harvesting Machinery ($33.1k). Over the past 5 years the exports of Nicaragua to Belize have increased at an annualized rate of 23.7%, from $422k in 2017 to $1.22M in 2022.

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

Belize-Nicaragua Trade: In 2022, Belize exported $31.1k to Nicaragua. The main products that Belize exported to Nicaragua were Office Machine Parts ($23.9k), Ornamental Ceramics ($6.26k), and Refrigerators ($858). Over the past 5 years the exports of Belize to Nicaragua have decreased at an annualized rate of 7.51%,  from $188k in 2017 to $31.1k in 2022.

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

Comparison In 2022,  Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97),  and 111 in total exports ($7.92B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $1.22M to Belize. The main products exported from Nicaragua to Belize were Rolled Tobacco ($904k), Packaged Medicaments ($251k), and Harvesting Machinery ($33.1k). During the last 5 years the exports of Nicaragua to Belize have increased at an annualized rate of 23.7%, from $422k in 2017 to $1.22M in 2022.

In 2017, Belize exported $31.1k to Nicaragua. The main products exported from Belize to Nicaragua were Office Machine Parts ($23.9k), Ornamental Ceramics ($6.26k), and Refrigerators ($858). During the last 5 years the exports of Belize to Nicaragua have decreased at an annualized rate of 7.51%, from $188k in 2022 to $31.1k in 2017.

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

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

Latest Data

Trade between Nicaragua (Flag) and Belize (Flag)

Nicaragua Exports

Belize Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
Belize
Top DestinationUnited States$86.5M

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

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

In 2022, countries that imported more from Belize than Nicaragua included Hungary ($18.3M), Trinidad and Tobago ($14.7M), and Jamaica ($14.9M).

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

Comparative Advantage Nicaragua - Belize

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Belize in the exports of Foodstuffs ($920k), Chemical Products ($252k), and Machines ($37.1k).

During 2017, Belize had a large net trade with Nicaragua in the exports of Machines ($24.7k), Stone And Glass ($6.26k), and Instruments ($61).

Economic Complexity

Competitive Landscape

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

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

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