Nicaragua (NIC) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Nicaragua-Kuwait Trade: In 2022, Nicaragua exported $2.27M to Kuwait. The main products that Nicaragua exported to Kuwait were Knit T-shirts ($562k), Knit Babies' Garments ($254k), and Coffee ($244k). Over the past 5 years the exports of Nicaragua to Kuwait have increased at an annualized rate of 45.1%, from $353k in 2017 to $2.27M in 2022.

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

Kuwait-Nicaragua Trade: In 2022, Kuwait exported $426 to Nicaragua. The main products that Kuwait exported to Nicaragua were Electric Motors ($344) and Other Printed Material ($82). Over the past 5 years the exports of Kuwait to Nicaragua have increased at an annualized rate of 1.89%, from $388 in 2017 to $426 in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nicaragua exported $2.27M to Kuwait. The main products exported from Nicaragua to Kuwait were Knit T-shirts ($562k), Knit Babies' Garments ($254k), and Coffee ($244k). During the last 5 years the exports of Nicaragua to Kuwait have increased at an annualized rate of 45.1%, from $353k in 2017 to $2.27M in 2022.

In 2017, Kuwait exported $426 to Nicaragua. The main products exported from Kuwait to Nicaragua were Electric Motors ($344) and Other Printed Material ($82). During the last 5 years the exports of Kuwait to Nicaragua have increased at an annualized rate of 1.89%, from $388 in 2022 to $426 in 2017.

Exports from Nicaragua () to Kuwait () (2022)

Exports from Kuwait () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Kuwait ()

Nicaragua Exports

Date

Feb 2016

Jun 2011

Mar 2010

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.09B

Kuwait
Top DestinationChina$24.3B

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

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

In 2022, countries that imported more from Kuwait than Nicaragua included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Nicaragua - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nicaragua had a large net trade with Kuwait in the exports of Textiles ($1.68M), Vegetable Products ($244k), and Foodstuffs ($118k).

During 2017, Kuwait had a large net trade with Nicaragua in the exports of Machines ($344) and Paper Goods ($82).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nicaragua Kuwait+$1.03MKnit T-shirts

Top Product Potential Kuwait Nicaragua+$4.6kRefined 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 Kuwait. This means that a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Nicaragua.

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Kuwait () (2022)

Exports from Kuwait () to Nicaragua () (2022)

Latest Data

Trade between Nicaragua () and Kuwait ()

Nicaragua Exports

Market Competitiveness

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

Comparative Advantage Nicaragua - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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