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Pricing

2022
Flag → Flag
Exports $4.4MRnk 46 / 148
2022
Flag → Flag
Exports $31MRnk 70 / 185
2022
Flag → Flag
Top Product $4.46MMalt Extract
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 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$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Nicaragua-Chile Trade: In 2022, Nicaragua exported $4.4M to Chile. The main products that Nicaragua exported to Chile were N/A. Over the past 5 years the exports of Nicaragua to Chile have increased at an annualized rate of 5.29%, from $3.4M in 2017 to $4.4M in 2022.

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

Chile-Nicaragua Trade: In 2022, Chile exported $31M to Nicaragua. The main products that Chile exported to Nicaragua were Malt Extract ($4.46M), Processed Cereals ($4.06M), and Aluminium Foil ($2.67M). Over the past 5 years the exports of Chile to Nicaragua have decreased at an annualized rate of 3.06%,  from $45.1M in 2017 to $31M in 2022.

In 2022, Chile 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, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $4.4M to Chile. There were not main exports from Nicaragua to Chile in 2022. During the last 5 years the exports of Nicaragua to Chile have increased at an annualized rate of 5.29%, from $3.4M in 2017 to $4.4M in 2022.

In 2017, Chile exported $31M to Nicaragua. The main products exported from Chile to Nicaragua were Malt Extract ($4.46M), Processed Cereals ($4.06M), and Aluminium Foil ($2.67M). During the last 5 years the exports of Chile to Nicaragua have decreased at an annualized rate of 3.06%, from $45.1M in 2022 to $31M in 2017.

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

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

Latest Data

Trade between Nicaragua (Flag) and Chile (Flag)

Nicaragua Exports

Chile Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
Chile
Top DestinationChina$38.5B

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

In 2022, countries that imported more from Nicaragua than Chile included Honduras ($541M), El Salvador ($437M), and Guatemala ($221M).

In 2022, countries that imported more from Chile than Nicaragua included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

Comparative Advantage Nicaragua - Chile

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Chile in the exports of N/A.

During 2017, Chile had a large net trade with Nicaragua in the exports of Foodstuffs ($8.4M), Vegetable Products ($7.19M), and Chemical Products ($3.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nicaragua Chile+$1.36MRaw Sugar
Top Product Potential Chile Nicaragua+$837kPackaged Medicaments

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

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

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