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2022
Flag → Flag
Exports $4.09BRnk 1 / 148
2022
Flag → Flag
Top Product $916MGold
2022
Flag → Flag
Exports $2.72BRnk 65 / 219
2022
Flag → Flag
Top Product $588MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Nicaragua-United States Trade: In 2022, Nicaragua exported $4.09B to United States. The main products that Nicaragua exported to United States were Gold ($916M), Knit T-shirts ($708M), and Rolled Tobacco ($345M). Over the past 5 years the exports of Nicaragua to United States have increased at an annualized rate of 6.53%, from $2.98B in 2017 to $4.09B in 2022.

In 2022, Nicaragua did not export any services to United States.

United States-Nicaragua Trade: In 2022, United States exported $2.72B to Nicaragua. The main products that United States exported to Nicaragua were Refined Petroleum ($588M), Crude Petroleum ($331M), and Knit T-shirts ($135M). Over the past 5 years the exports of United States to Nicaragua have increased at an annualized rate of 12%,  from $1.54B in 2017 to $2.72B in 2022.

In 2017, United States exported services to Nicaragua worth $485M, with Transportation ($192M), Travel ($184M), and Financial services ($48M) being the largest in terms of value.

Comparison: In 2022,  Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $4.09B to United States. The main products exported from Nicaragua to United States were Gold ($916M), Knit T-shirts ($708M), and Rolled Tobacco ($345M). During the last 5 years the exports of Nicaragua to United States have increased at an annualized rate of 6.53%, from $2.98B in 2017 to $4.09B in 2022.

In 2017, United States exported $2.72B to Nicaragua. The main products exported from United States to Nicaragua were Refined Petroleum ($588M), Crude Petroleum ($331M), and Knit T-shirts ($135M). During the last 5 years the exports of United States to Nicaragua have increased at an annualized rate of 12%, from $1.54B in 2022 to $2.72B in 2017.

Exports from Nicaragua (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Nicaragua (Flag) (2022)

Latest Data

Trade between Nicaragua (Flag) and United States (Flag)

Nicaragua Exports

United States Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Nicaragua than United States included North Korea ($36.2k).

In 2022, countries that imported more from United States than Nicaragua included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Nicaragua (Flag) (2022)

Comparative Advantage Nicaragua - United States

Flow
Scale

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

During 2022, Nicaragua had a large net trade with United States in the exports of Textiles ($1.63B), Precious Metals ($962M), and Animal Products ($468M).

During 2017, United States had a large net trade with Nicaragua in the exports of Mineral Products ($977M), Textiles ($540M), and Machines ($309M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nicaragua United States+$110MInsulated Wire
Top Product Potential United States Nicaragua+N/AN/A

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

Product Space of Nicaragua (Flag) and United States (Flag) (2022)

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