Nicaragua (NIC) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Nicaragua-Iraq Trade: In 2022, Nicaragua exported $1.03M to Iraq. The main products that Nicaragua exported to Iraq were Bananas ($997k) and Rolled Tobacco ($33.7k). Over the past 6 years the exports of Nicaragua to Iraq have increased at an annualized rate of 116%, from $10.1k in 2016 to $1.03M in 2022.

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

Iraq-Nicaragua In N/A, Iraq did not export any products to Nicaragua.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nicaragua exported $1.03M to Iraq. The main products exported from Nicaragua to Iraq were Bananas ($997k) and Rolled Tobacco ($33.7k). During the last 6 years the exports of Nicaragua to Iraq have increased at an annualized rate of 116%, from $10.1k in 2016 to $1.03M in 2022.

Iraq does not register exports to Nicaragua.

Exports from Nicaragua () to Iraq () (2022)

Exports from Iraq () to Nicaragua () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.09B

Iraq
Top DestinationIndia$38.8B

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

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

In 2022, countries that imported more from Iraq than Nicaragua included India ($38.8B), China ($34B), and South Korea ($8.21B).

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

Comparative Advantage Nicaragua - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nicaragua had a large net trade with Iraq in the exports of Vegetable Products ($997k) and Foodstuffs ($33.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nicaragua Iraq+$230kRolled Tobacco

Top Product Potential Iraq Nicaragua+$6kCrude Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Iraq () (2022)

Exports from Iraq () to Nicaragua () (2022)

Market Competitiveness

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

Comparative Advantage Nicaragua - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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