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2023
Flag → Flag
Exports $15.1MRnk 107 / 205
2023
Flag → Flag
Top Product $13.2MLight Rubberized Knitted Fabric
2023
Flag → Flag
Exports $73.6kRnk 114 / 149
2023
Flag → Flag
Top Product $44.9kRolled Tobacco
2023
Flag
Economic Complexity (ECI) ECI -0.55Rnk 89 / 132
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$338BCURRENT US$
Rnk 45 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 113 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
GDP PC $1,365CURRENT US$
Rnk 170 / 195
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 130 / 195
2023
Flag
GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Pakistan-Nicaragua Trade: In 2023, Pakistan exported $15.1M to Nicaragua. The main products that Pakistan exported to Nicaragua were Light Rubberized Knitted Fabric ($13.2M), Medical Instruments ($237k), and Non-Knit Men's Suits ($183k). Over the past 5 years the exports of Pakistan to Nicaragua have increased at an annualized rate of 16.3%, from $7.09M in 2018 to $15.1M in 2023.

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

Nicaragua-Pakistan Trade: In 2023, Nicaragua exported $73.6k to Pakistan. The main products that Nicaragua exported to Pakistan were Rolled Tobacco ($44.9k), Labels ($23.3k), and Knit Women's Suits ($3.14k). Over the past 5 years the exports of Nicaragua to Pakistan have decreased at an annualized rate of 12%,  from $139k in 2018 to $73.6k in 2023.

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

Comparison: In 2023,  Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Pakistan exported $15.1M to Nicaragua. The main products exported from Pakistan to Nicaragua were Light Rubberized Knitted Fabric ($13.2M), Medical Instruments ($237k), and Non-Knit Men's Suits ($183k). During the last 5 years the exports of Pakistan to Nicaragua have increased at an annualized rate of 16.3%, from $7.09M in 2018 to $15.1M in 2023.

In 2018, Nicaragua exported $73.6k to Pakistan. The main products exported from Nicaragua to Pakistan were Rolled Tobacco ($44.9k), Labels ($23.3k), and Knit Women's Suits ($3.14k). During the last 5 years the exports of Nicaragua to Pakistan have decreased at an annualized rate of 12%, from $139k in 2023 to $73.6k in 2018.

Exports from Pakistan (Flag) to Nicaragua (Flag) (2023)

Exports from Nicaragua (Flag) to Pakistan (Flag) (2023)

Latest Data

Trade between Pakistan (Flag) and Nicaragua (Flag)

Pakistan Exports

Nicaragua Exports

Market Competitiveness

Color
Pakistan
Top DestinationUnited States$5.18B
Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Pakistan than Nicaragua included United Arab Emirates ($3.7B), China ($3.4B), and Germany ($2.43B).

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

Difference in imports from Nicaragua (Flag) and Pakistan (Flag) (2023)

Comparative Advantage Pakistan - Nicaragua

Flow
Scale

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

During 2023, Pakistan had a large net trade with Nicaragua in the exports of Textiles ($14.3M), Instruments ($239k), and Miscellaneous ($224k).

During 2018, Nicaragua had a large net trade with Pakistan in the exports of Foodstuffs ($44.9k), Textiles ($28.7k), and Instruments ($64).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Pakistan Nicaragua+$401kKnit Sweaters
Top Product Potential Nicaragua Pakistan+$191kRolled Tobacco

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

Product Space of Pakistan (Flag) and Nicaragua (Flag) (2023)

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