Nicaragua (NIC) and Canada (CAN) Trade | The Observatory of Economic Complexity

About

Nicaragua-Canada In 2022, Nicaragua exported $54.8M to Canada. The main products that Nicaragua exported to Canada are Coffee ($26.9M), Rolled Tobacco ($4.11M), and Other Oily Seeds ($4M). During the last 27 years the exports of Nicaragua to Canada have increased at an annualized rate of 8.36%, from $6.28M in 1995 to $54.8M in 2022.

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

Canada-Nicaragua In 2022, Canada exported $111M to Nicaragua. The main products that Canada exported to Nicaragua were Wheat ($57.3M), Used Clothing ($15.7M), and Potassic Fertilizers ($6.73M). During the last 27 years the exports of Canada to Nicaragua have increased at an annualized rate of 8.35%, from $12.7M in 1995 to $111M in 2022.

In 2020, Canada exported services to Nicaragua worth $2.98M, with Travel ($2.98M) being the largest in terms of value.

Comparison In 2022, Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03), and 111 in total exports ($7.92B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nicaragua exported $54.8M to Canada. The main products exported from Nicaragua to Canada were Coffee ($26.9M), Rolled Tobacco ($4.11M), and Other Oily Seeds ($4M). During the last 27 years the exports of Nicaragua to Canada have increased at an annualized rate of 8.36%, from $6.28M in 1995 to $54.8M in 2022.

In 2022, Canada exported $111M to Nicaragua. The main products exported from Canada to Nicaragua were Wheat ($57.3M), Used Clothing ($15.7M), and Potassic Fertilizers ($6.73M). During the last 27 years the exports of Canada to Nicaragua have increased at an annualized rate of 8.35%, from $12.7M in 1995 to $111M in 2022.

Exports from Nicaragua () to Canada () (2022)

Exports from Canada () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Canada ()

Nicaragua Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.09B

Canada
Top DestinationUnited States$438B

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

In 2021, countries that imported more from Nicaragua than Canada were Honduras ($541M), El Salvador ($437M), and North Korea ($36.2k).

In 2021, countries that imported more from Canada than Nicaragua were United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Nicaragua - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nicaragua had a large net trade with Canada in the exports of Vegetable Products ($34.6M), Textiles ($9.41M), and Foodstuffs ($8.29M).

During 2022, Canada had a large net trade with Nicaragua in the exports of Vegetable Products ($58M), Textiles ($17.9M), and Metals ($9.91M).

Service Trade

Bilateral Service Trade

Can Year

In 2020, Canada exported services to Nicaragua worth $2.98M, with Travel ($2.98M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Nicaragua () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Nicaragua has comparative advantage over Canada. Similarly, the more yellow a dot/product is, the more Canada has comparative advantage over Nicaragua.

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Canada () (2022)

Exports from Canada () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Canada ()

Nicaragua Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Nicaragua - Canada

Service Trade

Bilateral Service Trade

Services Exports from Canada () to Nicaragua () (2020)

Economic Complexity

Competitive Landscape

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

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