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2022
Flag → Flag
Exports $94.7kRnk 106 / 148
2022
Flag → Flag
Top Product $24.7kHard Liquor
2022
Flag → Flag
Exports $1.04MRnk 93 / 158
2022
Flag → Flag
Top Product $876kPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
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Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
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GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
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 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
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GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC $2,255CURRENT US$
Rnk 142 / 186
2012-2022
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GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186
2022
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GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Nicaragua-Paraguay In 2022, Nicaragua exported $94.7k to Paraguay. The main products that Nicaragua exported to Paraguay are Hard Liquor ($24.7k), Ball Bearings ($24k), and Motor vehicles; parts and accessories (8701 to 8705) ($15.5k). During the last 27 years the exports of Nicaragua to Paraguay have increased at an annualized rate of 21.2%, from $525 in 1995 to $94.7k in 2022.

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

Paraguay-Nicaragua In 2022, Paraguay exported $1.04M to Nicaragua. The main products that Paraguay exported to Nicaragua were Packaged Medicaments ($876k), Pesticides ($74.3k), and Raw Tobacco ($44.7k). During the last 27 years the exports of Paraguay to Nicaragua have increased at an annualized rate of 8.93%, from $103k in 1995 to $1.04M in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $94.7k to Paraguay. The main products exported from Nicaragua to Paraguay were Hard Liquor ($24.7k), Ball Bearings ($24k), and Motor vehicles; parts and accessories (8701 to 8705) ($15.5k). During the last 27 years the exports of Nicaragua to Paraguay have increased at an annualized rate of 21.2%, from $525 in 1995 to $94.7k in 2022.

In 2022, Paraguay exported $1.04M to Nicaragua. The main products exported from Paraguay to Nicaragua were Packaged Medicaments ($876k), Pesticides ($74.3k), and Raw Tobacco ($44.7k). During the last 27 years the exports of Paraguay to Nicaragua have increased at an annualized rate of 8.93%, from $103k in 1995 to $1.04M in 2022.

Exports from Nicaragua (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Nicaragua (Flag) (2022)

Latest Data

Trade between Nicaragua (Flag) and Paraguay (Flag)

Nicaragua Exports

Paraguay Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
Paraguay
Top DestinationBrazil$3.67B

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

In 2021, countries that imported more from Nicaragua than Paraguay were United States ($4.09B), Mexico ($943M), and Honduras ($541M).

In 2021, countries that imported more from Paraguay than Nicaragua were Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay (Flag) and Nicaragua (Flag) (2022)

Comparative Advantage Nicaragua - Paraguay

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Paraguay in the exports of Machines ($31.6k), Foodstuffs ($24.7k), and Textiles ($19.9k).

During 2022, Paraguay had a large net trade with Nicaragua in the exports of Chemical Products ($951k), Foodstuffs ($44.7k), and Vegetable Products ($21.7k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Nicaragua has comparative advantage over Paraguay. Similarly, the more yellow a dot/product is, the more Paraguay has comparative advantage over Nicaragua.

Product Space of Nicaragua (Flag) and Paraguay (Flag) (2022)

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