Montserrat (MSR) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Montserrat-Nicaragua In 2022, Montserrat exported $1.64k to Nicaragua. The main products that Montserrat exported to Nicaragua are Refrigerators ($1.34k), Valves ($251), and Iron Fasteners ($48). During the last 26 years the exports of Montserrat to Nicaragua have decreased at an annualized rate of 5.76%, from $7.67k in 1996 to $1.64k in 2022.

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

Nicaragua-Montserrat In 2022, Nicaragua exported $14.8k to Montserrat. The main products that Nicaragua exported to Montserrat were N/A. During the last 26 years the exports of Nicaragua to Montserrat have remained the same at an annualized rate of 0%, from $14.8k in 1996 to $14.8k in 2022.

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

Comparison In 2022, Montserrat ranked 220 in total exports ($6.58M), and does not have data regarding Economic Complexity Index. That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montserrat exported $1.64k to Nicaragua. The main products exported from Montserrat to Nicaragua were Refrigerators ($1.34k), Valves ($251), and Iron Fasteners ($48). During the last 26 years the exports of Montserrat to Nicaragua have decreased at an annualized rate of 5.76%, from $7.67k in 1996 to $1.64k in 2022.

In 2013, Nicaragua exported $14.8k to Montserrat. There were not main exports from Nicaragua to Montserrat in 2013.

Exports from Montserrat () to Nicaragua () (2022)

Exports from Nicaragua () to Montserrat () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montserrat
Top DestinationUnited States$1.54M

Nicaragua
Top DestinationUnited States$4.09B

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

In 2021, countries that imported more from Montserrat than Nicaragua were Antigua and Barbuda ($1.23M), Maldives ($28.8k), and Benin ($7.37k).

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

Difference in imports from Nicaragua () and Montserrat () (2022)

Comparative Advantage Montserrat - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montserrat had a large net trade with Nicaragua in the exports of Machines ($1.59k) and Metals ($48).

During 2013, Nicaragua had a large net trade with Montserrat in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Montserrat () to Nicaragua () (2022)

Exports from Nicaragua () to Montserrat () (2022)

Market Competitiveness

Difference in imports from Nicaragua () and Montserrat () (2022)

Comparative Advantage Montserrat - Nicaragua

Economic Complexity

Competitive Landscape

Product Space of Montserrat () and Nicaragua () (2022)

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