2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC 
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186

About

Nicaragua-Cuba Trade: In 2022, Nicaragua exported $6.86M to Cuba. The main products that Nicaragua exported to Cuba were Coffee ($2.47M), Vaccines, blood, antisera, toxins and cultures ($1.6M), and Dried Legumes ($1.13M). Over the past 5 years the exports of Nicaragua to Cuba have increased at an annualized rate of 29%, from $1.92M in 2017 to $6.86M in 2022.

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

Cuba-Nicaragua Trade: In 2022, Cuba exported $1.08M to Nicaragua. The main products that Cuba exported to Nicaragua were Raw Tobacco ($605k), Pesticides ($440k), and Packaged Medicaments ($36.7k). Over the past 5 years the exports of Cuba to Nicaragua have increased at an annualized rate of 12.5%,  from $602k in 2017 to $1.08M in 2022.

In 2022, Cuba 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, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $6.86M to Cuba. The main products exported from Nicaragua to Cuba were Coffee ($2.47M), Vaccines, blood, antisera, toxins and cultures ($1.6M), and Dried Legumes ($1.13M). During the last 5 years the exports of Nicaragua to Cuba have increased at an annualized rate of 29%, from $1.92M in 2017 to $6.86M in 2022.

In 2017, Cuba exported $1.08M to Nicaragua. The main products exported from Cuba to Nicaragua were Raw Tobacco ($605k), Pesticides ($440k), and Packaged Medicaments ($36.7k). During the last 5 years the exports of Cuba to Nicaragua have increased at an annualized rate of 12.5%, from $602k in 2022 to $1.08M in 2017.

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

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

Latest Data

Trade between Nicaragua (Flag) and Cuba (Flag)

Nicaragua Exports

Date

Market Competitiveness

Color
Nicaragua
Top Destination
United States$4.09B
Cuba
Top Destination
China$426M

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

In 2022, countries that imported more from Nicaragua than Cuba included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

In 2022, countries that imported more from Cuba than Nicaragua included China ($426M), Portugal ($43.3M), and Cyprus ($31.2M).

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

Comparative Advantage Nicaragua - Cuba

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Cuba in the exports of Vegetable Products ($4.14M), Chemical Products ($1.6M), and Foodstuffs ($790k).

During 2017, Cuba had a large net trade with Nicaragua in the exports of Foodstuffs ($605k), Chemical Products ($477k), and Paper Goods ($1.35k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with