Nicaragua (NIC) and Israel (ISR) Trade | The Observatory of Economic Complexity

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Nicaragua-Israel Trade: In 2023, Nicaragua exported $933k to Israel. The main products that Nicaragua exported to Israel were Rolled Tobacco ($446k), Knit Sweaters ($136k), and Non-Knit Men's Suits ($86k). Over the past 5 years the exports of Nicaragua to Israel have decreased at an annualized rate of 1.97%, from $1.03M in 2018 to $933k in 2023.

In 2023, Nicaragua did not export any services to Israel.

Israel-Nicaragua Trade: In 2023, Israel exported $5.06M to Nicaragua. The main products that Israel exported to Nicaragua were Pesticides ($1.41M), Valves ($700k), and Other Heating Machinery ($325k). Over the past 5 years the exports of Israel to Nicaragua have decreased at an annualized rate of 3.73%, from $6.12M in 2018 to $5.06M in 2023.

In 2012, Israel exported services to Nicaragua worth $4.5M, with Computer and information services ($4.5M) being the largest in terms of value.

Comparison: In 2023, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nicaragua exported $933k to Israel. The main products exported from Nicaragua to Israel were Rolled Tobacco ($446k), Knit Sweaters ($136k), and Non-Knit Men's Suits ($86k). During the last 5 years the exports of Nicaragua to Israel have decreased at an annualized rate of 1.97%, from $1.03M in 2018 to $933k in 2023.

In 2018, Israel exported $5.06M to Nicaragua. The main products exported from Israel to Nicaragua were Pesticides ($1.41M), Valves ($700k), and Other Heating Machinery ($325k). During the last 5 years the exports of Israel to Nicaragua have decreased at an annualized rate of 3.73%, from $6.12M in 2023 to $5.06M in 2018.

Exports from Nicaragua () to Israel () (2023)

Exports from Israel () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and Israel ()

Nicaragua Exports

Date

Israel Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.38B

Israel
Top DestinationUnited States$20.3B

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

In 2023, countries that imported more from Nicaragua than Israel included El Salvador ($488M), Mexico ($1.04B), and Honduras ($297M).

In 2023, countries that imported more from Israel than Nicaragua included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

Difference in imports from Israel () and Nicaragua () (2023)

Comparative Advantage Nicaragua - Israel

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nicaragua had a large net trade with Israel in the exports of Foodstuffs ($477k), Textiles ($342k), and Vegetable Products ($66k).

During 2018, Israel had a large net trade with Nicaragua in the exports of Chemical Products ($1.8M), Machines ($1.59M), and Instruments ($876k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nicaragua Israel+$678kRolled Tobacco

Top Product Potential Israel Nicaragua+$783kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Israel () (2023)

Exports from Israel () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and Israel ()

Nicaragua Exports

Israel Exports

Market Competitiveness

Difference in imports from Israel () and Nicaragua () (2023)

Comparative Advantage Nicaragua - Israel

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nicaragua () and Israel () (2023)

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