Qatar (QAT) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Qatar-Nicaragua Trade: In 2023, Qatar exported $589k to Nicaragua. The main products that Qatar exported to Nicaragua were Ethylene Polymers ($584k) and Milling Stones ($4.63k). Over the past 5 years the exports of Qatar to Nicaragua have increased at an annualized rate of 152%, from $5.77k in 2018 to $589k in 2023.

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

Nicaragua-Qatar In N/A, Nicaragua did not export any products to Qatar.

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

Comparison: In 2023, Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Qatar exported $589k to Nicaragua. The main products exported from Qatar to Nicaragua were Ethylene Polymers ($584k) and Milling Stones ($4.63k). During the last 5 years the exports of Qatar to Nicaragua have increased at an annualized rate of 152%, from $5.77k in 2018 to $589k in 2023.

Nicaragua does not register exports to Qatar.

Exports from Qatar () to Nicaragua () (2023)

Exports from Nicaragua () to Qatar () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Qatar
Top DestinationChina$20.9B

Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Qatar than Nicaragua included China ($20.9B), India ($12.9B), and South Korea ($12.1B).

In 2023, countries that imported more from Nicaragua than Qatar included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

Difference in imports from Nicaragua () and Qatar () (2023)

Comparative Advantage Qatar - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Qatar had a large net trade with Nicaragua in the exports of Plastics and Rubbers ($584k) and Stone And Glass ($4.63k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Qatar Nicaragua+$613kNitrogenous Fertilizers

Top Product Potential Nicaragua Qatar+$112kRolled 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

Year

This visualization shows the product space at the HS4 level with the flags of Qatar and Nicaragua. This means that a dot/product with the flag of Qatar indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Qatar.

About

Historical Data

Bilateral Trade by Products

Exports from Qatar () to Nicaragua () (2023)

Exports from Nicaragua () to Qatar () (2023)

Market Competitiveness

Difference in imports from Nicaragua () and Qatar () (2023)

Comparative Advantage Qatar - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Qatar () and Nicaragua () (2023)

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