Nicaragua (NIC) and Dominica (DMA) Trade | The Observatory of Economic Complexity

About

Nicaragua-Dominica Trade: In 2021, Nicaragua exported $66.2k to Dominica. The main products that Nicaragua exported to Dominica were N/A. Over the past 7 years the exports of Nicaragua to Dominica have decreased at an annualized rate of 35.5%, from $1.43M in 2014 to $66.2k in 2021.

In 2021, Nicaragua did not export any services to Dominica.

Dominica-Nicaragua Trade: In 2021, Dominica exported $2.07k to Nicaragua. The main products that Dominica exported to Nicaragua were Thermostats ($1.85k), Insulated Wire ($107), and Non-Knit Men's Undergarments ($106). Over the past 7 years the exports of Dominica to Nicaragua have decreased at an annualized rate of 5.57%, from $3.66k in 2014 to $2.07k in 2021.

In 2021, Dominica 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, Dominica ranked 212 in total exports ($23.6M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Nicaragua exported $66.2k to Dominica. There were not main exports from Nicaragua to Dominica in 2021. During the last 7 years the exports of Nicaragua to Dominica have decreased at an annualized rate of 35.5%, from $1.43M in 2014 to $66.2k in 2021.

In 2017, Dominica exported $2.07k to Nicaragua. The main products exported from Dominica to Nicaragua were Thermostats ($1.85k), Insulated Wire ($107), and Non-Knit Men's Undergarments ($106). During the last 5 years the exports of Dominica to Nicaragua have decreased at an annualized rate of 5.57%, from $3.66k in 2022 to $2.07k in 2017.

Exports from Nicaragua () to Dominica () (2022)

Exports from Dominica () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Dominica ()

Nicaragua Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.09B

Dominica
Top DestinationBahamas$2.84M

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

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

In 2022, countries that imported more from Dominica than Nicaragua included Bahamas ($2.84M), Guyana ($1.82M), and Antigua and Barbuda ($1.67M).

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

Comparative Advantage Nicaragua - Dominica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Nicaragua had a large net trade with Dominica in the exports of .

During 2017, Dominica had a large net trade with Nicaragua in the exports of Instruments ($1.85k), Machines ($107), and Textiles ($106).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Dominica () (2022)

Exports from Dominica () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Dominica ()

Nicaragua Exports

Market Competitiveness

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

Comparative Advantage Nicaragua - Dominica

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring