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2022
Flag → Flag
Exports $24.1MRnk 25 / 148
2022
Flag → Flag
Top Product $7.69MRaw Tobacco
2022
Flag → Flag
Exports $71.3MRnk 20 / 163
2022
Flag → Flag
Top Product $38.8MKnit T-shirts
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 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$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Nicaragua-Dominican Republic Trade: In 2022, Nicaragua exported $24.1M to Dominican Republic. The main products that Nicaragua exported to Dominican Republic were Raw Tobacco ($7.69M), Packaged Medicaments ($2.82M), and Coffee ($2.11M). Over the past 5 years the exports of Nicaragua to Dominican Republic have increased at an annualized rate of 4.21%, from $19.6M in 2017 to $24.1M in 2022.

In 2022, Nicaragua did not export any services to Dominican Republic.

Dominican Republic-Nicaragua Trade: In 2022, Dominican Republic exported $71.3M to Nicaragua. The main products that Dominican Republic exported to Nicaragua were Knit T-shirts ($38.8M), Raw Tobacco ($11M), and Packaged Medicaments ($7.3M). Over the past 5 years the exports of Dominican Republic to Nicaragua have increased at an annualized rate of 20.9%,  from $27.6M in 2017 to $71.3M in 2022.

In 2022, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $24.1M to Dominican Republic. The main products exported from Nicaragua to Dominican Republic were Raw Tobacco ($7.69M), Packaged Medicaments ($2.82M), and Coffee ($2.11M). During the last 5 years the exports of Nicaragua to Dominican Republic have increased at an annualized rate of 4.21%, from $19.6M in 2017 to $24.1M in 2022.

In 2017, Dominican Republic exported $71.3M to Nicaragua. The main products exported from Dominican Republic to Nicaragua were Knit T-shirts ($38.8M), Raw Tobacco ($11M), and Packaged Medicaments ($7.3M). During the last 5 years the exports of Dominican Republic to Nicaragua have increased at an annualized rate of 20.9%, from $27.6M in 2022 to $71.3M in 2017.

Exports from Nicaragua (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Nicaragua (Flag) (2022)

Latest Data

Trade between Nicaragua (Flag) and Dominican Republic (Flag)

Nicaragua Exports

Dominican Republic Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Nicaragua than Dominican Republic included Mexico ($943M), Honduras ($541M), and El Salvador ($437M).

In 2022, countries that imported more from Dominican Republic than Nicaragua included United States ($6.85B), Haiti ($1.02B), and Switzerland ($1.08B).

Difference in imports from Dominican Republic (Flag) and Nicaragua (Flag) (2022)

Comparative Advantage Nicaragua - Dominican Republic

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Dominican Republic in the exports of Foodstuffs ($11M), Chemical Products ($4.2M), and Textiles ($2.89M).

During 2017, Dominican Republic had a large net trade with Nicaragua in the exports of Textiles ($39.6M), Foodstuffs ($11.9M), and Chemical Products ($8.33M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nicaragua Dominican Republic+$1.48MCoffee
Top Product Potential Dominican Republic Nicaragua+$1.41MLow-voltage Protection Equipment

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

Product Space of Nicaragua (Flag) and Dominican Republic (Flag) (2022)

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