2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
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GDP GROWTH
48.8%CURRENT US$
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2022
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GDP PC 
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186

About

Nicaragua-Cocos (Keeling) Islands In 2008, Nicaragua exported $40.4k to Cocos (Keeling) Islands. The main products that Nicaragua exported to Cocos (Keeling) Islands are N/A. During the last 9 years the exports of Nicaragua to Cocos (Keeling) Islands have increased at an annualized rate of 4.82%, from $26.5k in 1999 to $40.4k in 2008.

In 2008, Nicaragua did not export any services to Cocos (Keeling) Islands.

Cocos (Keeling) Islands-Nicaragua In 2008, Cocos (Keeling) Islands exported $54.2k to Nicaragua. The main products that Cocos (Keeling) Islands exported to Nicaragua were Synthetic Coloring Matter ($54.1k), Motor vehicles; parts and accessories (8701 to 8705) ($86), and Microphones and Headphones ($3). During the last 9 years the exports of Cocos (Keeling) Islands to Nicaragua have increased at an annualized rate of 75.5%, from $344 in 1999 to $54.2k in 2008.

In 2008, Cocos (Keeling) Islands did not export any services to Nicaragua.

Comparison In 2022,  Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03),  and 111 in total exports ($7.92B). That same year, Cocos (Keeling) Islands ranked 223 in total exports ($3.05M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2008, Nicaragua exported $40.4k to Cocos (Keeling) Islands. There were not main exports from Nicaragua to Cocos (Keeling) Islands in 2008. During the last 27 years the exports of Nicaragua to Cocos (Keeling) Islands have increased at an annualized rate of 14.1%, from $306M in 1995 to $40.4k in 2008.

In 2022, Cocos (Keeling) Islands exported $54.2k to Nicaragua. The main products exported from Cocos (Keeling) Islands to Nicaragua were Synthetic Coloring Matter ($54.1k), Motor vehicles; parts and accessories (8701 to 8705) ($86), and Microphones and Headphones ($3). During the last 27 years the exports of Cocos (Keeling) Islands to Nicaragua have increased at an annualized rate of 9.08%, from $621M in 1995 to $54.2k in 2022.

Exports from Nicaragua (Flag) to Cocos (Keeling) Islands (Flag) (2022)

Exports from Cocos (Keeling) Islands (Flag) to Nicaragua (Flag) (2022)

Market Competitiveness

Color
Nicaragua
Top Destination
United States$4.09B

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

In 2021, countries that imported more from Nicaragua than Cocos (Keeling) Islands were United States ($4.09B), Mexico ($943M), and Honduras ($541M).

In 2021, countries that imported more from Cocos (Keeling) Islands than Nicaragua were Ethiopia ($22.8k), Benin ($12.5k), and Niger ($735).

Difference in imports from Cocos (Keeling) Islands (Flag) and Nicaragua (Flag) (2022)

Comparative Advantage Nicaragua - Cocos (Keeling) Islands

Flow
Scale

This chart compares trade between Nicaragua and Cocos (Keeling) Islands by product, considering products traded by both, Nicaragua and Cocos (Keeling) Islands.

During 2008, Nicaragua had a large net trade with Cocos (Keeling) Islands in the exports of .

During 2022, Cocos (Keeling) Islands had a large net trade with Nicaragua in the exports of Chemical Products ($54.1k), Transportation ($86), and Machines ($3).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Nicaragua has comparative advantage over Cocos (Keeling) Islands. Similarly, the more yellow a dot/product is, the more Cocos (Keeling) Islands has comparative advantage over Nicaragua.

Product Space of Nicaragua (Flag) and Cocos (Keeling) Islands (Flag) (2022)

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