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2022
Flag → Flag
Exports $230MRnk 5 / 148
2022
Flag → Flag
Top Product $29.7MDried Legumes
2022
Flag → Flag
Exports $593MRnk 5 / 178
2022
Flag → Flag
Top Product $41.3MOther Edible Preparations
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 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$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Nicaragua-Costa Rica Trade: In 2022, Nicaragua exported $230M to Costa Rica. The main products that Nicaragua exported to Costa Rica were Dried Legumes ($29.7M), Coffee ($23M), and Bovine Meat ($16.2M). Over the past 5 years the exports of Nicaragua to Costa Rica have increased at an annualized rate of 8.02%, from $156M in 2017 to $230M in 2022.

In 2022, Nicaragua did not export any services to Costa Rica.

Costa Rica-Nicaragua Trade: In 2022, Costa Rica exported $593M to Nicaragua. The main products that Costa Rica exported to Nicaragua were Other Edible Preparations ($41.3M), Raw Iron Bars ($28.1M), and Packaged Medicaments ($23.4M). Over the past 5 years the exports of Costa Rica to Nicaragua have increased at an annualized rate of 0.89%,  from $567M in 2017 to $593M in 2022.

In 2022, Costa Rica 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, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $230M to Costa Rica. The main products exported from Nicaragua to Costa Rica were Dried Legumes ($29.7M), Coffee ($23M), and Bovine Meat ($16.2M). During the last 5 years the exports of Nicaragua to Costa Rica have increased at an annualized rate of 8.02%, from $156M in 2017 to $230M in 2022.

In 2017, Costa Rica exported $593M to Nicaragua. The main products exported from Costa Rica to Nicaragua were Other Edible Preparations ($41.3M), Raw Iron Bars ($28.1M), and Packaged Medicaments ($23.4M). During the last 5 years the exports of Costa Rica to Nicaragua have increased at an annualized rate of 0.89%, from $567M in 2022 to $593M in 2017.

Exports from Nicaragua (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Nicaragua (Flag) (2022)

Latest Data

Trade between Nicaragua (Flag) and Costa Rica (Flag)

Nicaragua Exports

Date

Costa Rica Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Nicaragua than Costa Rica included Mexico ($943M), El Salvador ($437M), and Switzerland ($118M).

In 2022, countries that imported more from Costa Rica than Nicaragua included United States ($6.83B), Netherlands ($1.22B), and Belgium ($775M).

Difference in imports from Costa Rica (Flag) and Nicaragua (Flag) (2022)

Comparative Advantage Nicaragua - Costa Rica

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Costa Rica in the exports of Vegetable Products ($83.7M), Animal Products ($63.5M), and Foodstuffs ($28.9M).

During 2017, Costa Rica had a large net trade with Nicaragua in the exports of Foodstuffs ($156M), Chemical Products ($114M), and Metals ($60.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nicaragua Costa Rica+$3.47MRefined Petroleum
Top Product Potential Costa Rica Nicaragua+$3.04MMedical Instruments

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

Product Space of Nicaragua (Flag) and Costa Rica (Flag) (2022)

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