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2022
Flag → Flag
Exports $111MRnk 83 / 215
2022
Flag → Flag
Top Product $57.3MWheat
2022
Flag → Flag
Exports $54.8MRnk 16 / 148
2022
Flag → Flag
Top Product $26.9MCoffee
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
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GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
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GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
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GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Canada-Nicaragua In 2022, Canada exported $111M to Nicaragua. The main products that Canada exported to Nicaragua are Wheat ($57.3M), Used Clothing ($15.7M), and Potassic Fertilizers ($6.73M). During the last 27 years the exports of Canada to Nicaragua have increased at an annualized rate of 8.35%, from $12.7M in 1995 to $111M in 2022.

In 2020, Canada exported services to Nicaragua worth $2.98M, with Travel ($2.98M) being the largest in terms of value.

Nicaragua-Canada In 2022, Nicaragua exported $54.8M to Canada. The main products that Nicaragua exported to Canada were Coffee ($26.9M), Rolled Tobacco ($4.11M), and Other Oily Seeds ($4M). During the last 27 years the exports of Nicaragua to Canada have increased at an annualized rate of 8.36%, from $6.28M in 1995 to $54.8M in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Latest Trends

February, 2024

About

Overview In February 2024, Canada exported C$2.14M and imported C$77M from Nicaragua, resulting in a negative trade balance of C$74.8M. Between February 2023 and February 2024 the exports of Canada have decreased by C$-6.45M (-75.1%) from C$8.59M to C$2.14M, while imports increased by C$62M (414%) from C$15M to C$77M.

Trade In February 2024, the top exports of Canada to Nicaragua were Used Clothing (C$1.37M), Interchangeable Tool Parts (C$246k), Leather Footwear (C$198k), Peat (C$126k), and Textile Scraps (C$52.1k). In February 2024 the top imports of Canada from Nicaragua were Knit T-shirts (C$3.97M), Coffee (C$1.95M), Knit Sweaters (C$1.87M), Other Vegetables (C$1.05M), and Non-Knit Men's Suits (C$977k).

Origins In February 2024 the exports of Canada were mainly from Ontario (C$1.53M), British Columbia (C$431k), Quebec (C$109k), Nova Scotia (C$48k), and Saskatchewan (C$17.1k), while imports destinations were mainly Ontario (C$74.2M), Quebec (C$1.12M), British Columbia (C$1M), Alberta (C$510k), and Manitoba (C$90.4k).

Growth In February 2024, the decrease in Canada's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Stone Processing Machines (C$-156k or -88.4%), Other Footwear (C$-79.7k or -96%), and Textile Scraps (C$-48.8k or -48.4%). In February 2024, the increase in Canada's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Knit T-shirts (C$2.34M or 144%), Knit Sweaters (C$1.04M or 125%), and Knit Men's Suits (C$189k or 97.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)C$-6.45M(-75.1%)
IMPORT GROWTH (February 2023 - February 2024)C$62M(414%)
MAIN EXPORTER (February 2024)OntarioC$1.53M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Nicaragua and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $111M to Nicaragua. The main products exported from Canada to Nicaragua were Wheat ($57.3M), Used Clothing ($15.7M), and Potassic Fertilizers ($6.73M). During the last 27 years the exports of Canada to Nicaragua have increased at an annualized rate of 8.35%, from $12.7M in 1995 to $111M in 2022.

In 2022, Nicaragua exported $54.8M to Canada. The main products exported from Nicaragua to Canada were Coffee ($26.9M), Rolled Tobacco ($4.11M), and Other Oily Seeds ($4M). During the last 27 years the exports of Nicaragua to Canada have increased at an annualized rate of 8.36%, from $6.28M in 1995 to $54.8M in 2022.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2021, countries that imported more from Canada than Nicaragua were United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2021, countries that imported more from Nicaragua than Canada were Honduras ($541M), El Salvador ($437M), and North Korea ($36.2k).

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

Comparative Advantage Canada - Nicaragua

Flow
Scale

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

During 2022, Canada had a large net trade with Nicaragua in the exports of Vegetable Products ($58M), Textiles ($17.9M), and Metals ($9.91M).

During 2022, Nicaragua had a large net trade with Canada in the exports of Vegetable Products ($34.6M), Textiles ($9.41M), and Foodstuffs ($8.29M).

Service Trade

Bilateral Service Trade

In 2020, Canada exported services to Nicaragua worth $2.98M, with Travel ($2.98M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Nicaragua (Flag) (2020)

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 Canada has comparative advantage over Nicaragua. Similarly, the more yellow a dot/product is, the more Nicaragua has comparative advantage over Canada.

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

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