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2022
Flag → Flag
Exports $74.4MRnk 116 / 218
2022
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Top Product $8.62MPackaged Medicaments
2022
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Exports $157MRnk 7 / 148
2022
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Top Product $97.6MPetroleum Gas
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 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

Spain-Nicaragua In 2022, Spain exported $74.4M to Nicaragua. The main products that Spain exported to Nicaragua are Packaged Medicaments ($8.62M), Iron Structures ($3.05M), and Mixed Mineral or Chemical Fertilizers ($2.41M). During the last 27 years the exports of Spain to Nicaragua have increased at an annualized rate of 2.03%, from $43.2M in 1995 to $74.4M in 2022.

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

Nicaragua-Spain In 2022, Nicaragua exported $157M to Spain. The main products that Nicaragua exported to Spain were Petroleum Gas ($97.6M), Crustaceans ($29.6M), and Coffee ($17.2M). During the last 27 years the exports of Nicaragua to Spain have increased at an annualized rate of 5.15%, from $40.5M in 1995 to $157M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €3.6M and imported €2.51M from Nicaragua, resulting in a positive trade balance of €1.09M. Between February 2023 and February 2024 the exports of Spain have decreased by €-134k (-3.59%) from €3.73M to €3.6M, while imports increased by €456k (22.2%) from €2.05M to €2.51M.

Trade In February 2024, the top exports of Spain to Nicaragua were Aluminium Structures (€361k), Packaged Medicaments (€255k), Unglazed Ceramics (€253k), Centrifuges (€210k), and Mixed Mineral or Chemical Fertilizers (€172k). In February 2024 the top imports of Spain from Nicaragua were Crustaceans (€2.47M), Coffee (€982k), Rolled Tobacco (€434k), Hard Liquor (€117k), and Textile Scraps (€105k).

Origins In February 2024 the exports of Spain were mainly from Barcelona (€1.18M), Granada (€439k), Lleida (€275k), Sevilla (€188k), and Girona (€176k), while imports destinations were mainly Valencia (€902k), Pontevedra (€718k), Barcelona (€488k), Madrid (€171k), and Palencia (€74.5k).

Growth In February 2024, the decrease in Spain's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Other Heating Machinery (€-275k or -93.7%), Insulated Wire (€-223k or -96.1%), and Other Edible Preparations (€-110k or -85.1%). In February 2024, the increase in Spain's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Crustaceans (€1.45M or 142%), Coffee (€389k or 65.6%), and Rolled Tobacco (€347k or 401%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€-134k(-3.59%)
IMPORT GROWTH (February 2023 - February 2024)€456k(22.2%)
MAIN EXPORTER (February 2024)Barcelona€1.18M

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

To check Nicaragua and Spain 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, Spain exported $74.4M to Nicaragua. The main products exported from Spain to Nicaragua were Packaged Medicaments ($8.62M), Iron Structures ($3.05M), and Mixed Mineral or Chemical Fertilizers ($2.41M). During the last 27 years the exports of Spain to Nicaragua have increased at an annualized rate of 2.03%, from $43.2M in 1995 to $74.4M in 2022.

In 2022, Nicaragua exported $157M to Spain. The main products exported from Nicaragua to Spain were Petroleum Gas ($97.6M), Crustaceans ($29.6M), and Coffee ($17.2M). During the last 27 years the exports of Nicaragua to Spain have increased at an annualized rate of 5.15%, from $40.5M in 1995 to $157M in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2021, countries that imported more from Spain than Nicaragua were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Nicaragua than Spain were Honduras ($541M), El Salvador ($437M), and Haiti ($17.8M).

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

Comparative Advantage Spain - Nicaragua

Flow
Scale

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

During 2022, Spain had a large net trade with Nicaragua in the exports of Chemical Products ($19M), Machines ($14.5M), and Metals ($8.64M).

During 2022, Nicaragua had a large net trade with Spain in the exports of Mineral Products ($97.9M), Animal Products ($29.7M), and Vegetable Products ($20.2M).

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

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

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