2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC 
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186

About

Nicaragua-Colombia In 2022, Nicaragua exported $20.6M to Colombia. The main products that Nicaragua exported to Colombia are Ground Nuts ($14.3M), Raw Sugar ($2.81M), and Palm Oil ($1.35M). During the last 27 years the exports of Nicaragua to Colombia have increased at an annualized rate of 7.13%, from $3.21M in 1995 to $20.6M in 2022.

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

Colombia-Nicaragua In 2022, Colombia exported $51.7M to Nicaragua. The main products that Colombia exported to Nicaragua were Medical Furniture ($7.3M), Packaged Medicaments ($5.03M), and Other Edible Preparations ($2.72M). During the last 27 years the exports of Colombia to Nicaragua have increased at an annualized rate of 4.79%, from $14.6M in 1995 to $51.7M in 2022.

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

Comparison In 2022,  Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03), and 111 in total exports ($7.92B). That same year, Colombia ranked 57 in the Economic Complexity Index (ECI 0.094), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $20.6M to Colombia. The main products exported from Nicaragua to Colombia were Ground Nuts ($14.3M), Raw Sugar ($2.81M), and Palm Oil ($1.35M). During the last 27 years the exports of Nicaragua to Colombia have increased at an annualized rate of 7.13%, from $3.21M in 1995 to $20.6M in 2022.

In 2022, Colombia exported $51.7M to Nicaragua. The main products exported from Colombia to Nicaragua were Medical Furniture ($7.3M), Packaged Medicaments ($5.03M), and Other Edible Preparations ($2.72M). During the last 27 years the exports of Colombia to Nicaragua have increased at an annualized rate of 4.79%, from $14.6M in 1995 to $51.7M in 2022.

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

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

Latest Data

Trade between Nicaragua (Flag) and Colombia (Flag)

Nicaragua Exports

Colombia Exports

Market Competitiveness

Color
Nicaragua
Top Destination
United States$4.09B
Colombia
Top Destination
United States$15.6B

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

In 2021, countries that imported more from Nicaragua than Colombia were Honduras ($541M), El Salvador ($437M), and Bulgaria ($14.3M).

In 2021, countries that imported more from Colombia than Nicaragua were United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Nicaragua - Colombia

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Colombia in the exports of Vegetable Products ($14.5M), Foodstuffs ($3.31M), and Animal and Vegetable Bi-Products ($1.35M).

During 2022, Colombia had a large net trade with Nicaragua in the exports of Chemical Products ($13.5M), Machines ($10M), and Miscellaneous ($8.08M).

Economic Complexity

Competitive Landscape

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 Colombia. Similarly, the more yellow a dot/product is, the more Colombia has comparative advantage over Nicaragua.

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

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