Nicaragua (NIC) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Nicaragua-Brazil Trade: In 2022, Nicaragua exported $6.91M to Brazil. The main products that Nicaragua exported to Brazil were Scrap Aluminium ($3.51M), Rolled Tobacco ($2.2M), and Scrap Copper ($546k). Over the past 5 years the exports of Nicaragua to Brazil have increased at an annualized rate of 12.7%, from $3.8M in 2017 to $6.91M in 2022.

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

Brazil-Nicaragua Trade: In 2022, Brazil exported $166M to Nicaragua. The main products that Brazil exported to Nicaragua were Corn ($57.6M), Cars ($10.7M), and Large Construction Vehicles ($10.5M). Over the past 5 years the exports of Brazil to Nicaragua have increased at an annualized rate of 6.13%, from $123M in 2017 to $166M in 2022.

In 2022, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nicaragua exported $6.91M to Brazil. The main products exported from Nicaragua to Brazil were Scrap Aluminium ($3.51M), Rolled Tobacco ($2.2M), and Scrap Copper ($546k). During the last 5 years the exports of Nicaragua to Brazil have increased at an annualized rate of 12.7%, from $3.8M in 2017 to $6.91M in 2022.

In 2017, Brazil exported $166M to Nicaragua. The main products exported from Brazil to Nicaragua were Corn ($57.6M), Cars ($10.7M), and Large Construction Vehicles ($10.5M). During the last 5 years the exports of Brazil to Nicaragua have increased at an annualized rate of 6.13%, from $123M in 2022 to $166M in 2017.

Exports from Nicaragua () to Brazil () (2022)

Exports from Brazil () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Brazil ()

Nicaragua Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.09B

Brazil
Top DestinationChina$90.1B

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

In 2022, countries that imported more from Nicaragua than Brazil included Honduras ($541M), El Salvador ($437M), and North Korea ($36.2k).

In 2022, countries that imported more from Brazil than Nicaragua included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

Comparative Advantage Nicaragua - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nicaragua had a large net trade with Brazil in the exports of Metals ($4.06M), Foodstuffs ($2.2M), and Textiles ($203k).

During 2017, Brazil had a large net trade with Nicaragua in the exports of Vegetable Products ($61.8M), Machines ($39.4M), and Transportation ($26.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nicaragua Brazil+$1.01MRolled Tobacco

Top Product Potential Brazil Nicaragua+$3.37MCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Brazil () (2022)

Exports from Brazil () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Brazil ()

Nicaragua Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Nicaragua - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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