Saudi Arabia (SAU) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Nicaragua Trade: In 2023, Saudi Arabia exported $2.41M to Nicaragua. The main products that Saudi Arabia exported to Nicaragua were Kraft Paper ($947k), Propylene Polymers ($776k), and Other Uncoated Paper ($500k). Over the past 5 years the exports of Saudi Arabia to Nicaragua have decreased at an annualized rate of 7.18%, from $3.49M in 2018 to $2.41M in 2023.

In 2023, Saudi Arabia did not export any services to Nicaragua.

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

In 2023, Nicaragua did not export any services to Saudi Arabia.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). 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, Saudi Arabia exported $2.41M to Nicaragua. The main products exported from Saudi Arabia to Nicaragua were Kraft Paper ($947k), Propylene Polymers ($776k), and Other Uncoated Paper ($500k). During the last 5 years the exports of Saudi Arabia to Nicaragua have decreased at an annualized rate of 7.18%, from $3.49M in 2018 to $2.41M in 2023.

Nicaragua does not register exports to Saudi Arabia. The main products exported from Nicaragua to Saudi Arabia were Non-Knit Men's Suits ($524k), Other Women's Undergarments ($355k), and Knit T-shirts ($176k).

Exports from Saudi Arabia () to Nicaragua () (2023)

Exports from Nicaragua () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Nicaragua ()

Saudi Arabia Exports

Date

Nicaragua Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Saudi Arabia than Nicaragua included China ($64.4B), India ($34.8B), and Japan ($34.7B).

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

Difference in imports from Nicaragua () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Nicaragua in the exports of Paper Goods ($1.45M), Plastics and Rubbers ($795k), and Vegetable Products ($141k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Nicaragua+$1.01MRefined Petroleum

Top Product Potential Nicaragua Saudi Arabia+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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Nicaragua () (2023)

Exports from Nicaragua () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Nicaragua ()

Saudi Arabia Exports

Nicaragua Exports

Market Competitiveness

Difference in imports from Nicaragua () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Nicaragua () (2023)

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