2022
Flag  
GDP
$243BCURRENT US$
Rnk 51 / 186
2012-2022
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GDP GROWTH
25.9%CURRENT US$
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2022
Flag
 GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC 
$7,126CURRENT US$
Rnk 89 / 186
2012-2022
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GDP PC GROWTH
10%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
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GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186

About

Peru-Nicaragua Trade: In 2022, Peru exported $32.3M to Nicaragua. The main products that Peru exported to Nicaragua were Baked Goods ($5.66M), Packaged Medicaments ($2.78M), and Excavation Machinery ($1.69M). Over the past 5 years the exports of Peru to Nicaragua have decreased at an annualized rate of 4.83%, from $41.4M in 2017 to $32.3M in 2022.

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

Nicaragua-Peru Trade: In 2022, Nicaragua exported $34.2M to Peru. The main products that Nicaragua exported to Peru were N/A. Over the past 5 years the exports of Nicaragua to Peru have increased at an annualized rate of 10.1%,  from $21.1M in 2017 to $34.2M in 2022.

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

Comparison: In 2022,  Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Peru exported $32.3M to Nicaragua. The main products exported from Peru to Nicaragua were Baked Goods ($5.66M), Packaged Medicaments ($2.78M), and Excavation Machinery ($1.69M). During the last 5 years the exports of Peru to Nicaragua have decreased at an annualized rate of 4.83%, from $41.4M in 2017 to $32.3M in 2022.

In 2017, Nicaragua exported $34.2M to Peru. There were not main exports from Nicaragua to Peru in 2017. During the last 5 years the exports of Nicaragua to Peru have increased at an annualized rate of 10.1%, from $21.1M in 2022 to $34.2M in 2017.

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

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

Latest Data

Trade between Peru (Flag) and Nicaragua (Flag)

Peru Exports

Nicaragua Exports

Date

Market Competitiveness

Color
Peru
Top Destination
China$17.6B
Nicaragua
Top Destination
United States$4.09B

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

In 2022, countries that imported more from Peru than Nicaragua included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

In 2022, countries that imported more from Nicaragua than Peru included Honduras ($541M), El Salvador ($437M), and Mexico ($943M).

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

Comparative Advantage Peru - Nicaragua

Flow
Scale

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

During 2022, Peru had a large net trade with Nicaragua in the exports of Chemical Products ($8.17M), Foodstuffs ($7.88M), and Machines ($4.94M).

During 2017, Nicaragua had a large net trade with Peru in the exports of Foodstuffs ($26.9M), Animal Products ($5.2M), and Transportation ($635k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Peru Nicaragua+$621kPackaged Medicaments
Top Product Potential Nicaragua Peru+$465kVaccines, blood, antisera, toxins and cultures

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

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

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