2022
Flag  
GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC 
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186

About

Nicaragua-Guatemala In 2022, Nicaragua exported $221M to Guatemala. The main products that Nicaragua exported to Guatemala are Flavored Water ($28.1M), Non-Retail Pure Cotton Yarn ($23.2M), and Frozen Bovine Meat ($22.7M). During the last 27 years the exports of Nicaragua to Guatemala have increased at an annualized rate of 11.8%, from $10.9M in 1995 to $221M in 2022.

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

Guatemala-Nicaragua In 2022, Guatemala exported $1B to Nicaragua. The main products that Guatemala exported to Nicaragua were Light Rubberized Knitted Fabric ($173M), Packaged Medicaments ($72.2M), and Plastic Lids ($41.8M). During the last 27 years the exports of Guatemala to Nicaragua have increased at an annualized rate of 9.69%, from $82.3M in 1995 to $1B in 2022.

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

Comparison In 2022,  Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nicaragua exported $221M to Guatemala. The main products exported from Nicaragua to Guatemala were Flavored Water ($28.1M), Non-Retail Pure Cotton Yarn ($23.2M), and Frozen Bovine Meat ($22.7M). During the last 27 years the exports of Nicaragua to Guatemala have increased at an annualized rate of 11.8%, from $10.9M in 1995 to $221M in 2022.

In 2022, Guatemala exported $1B to Nicaragua. The main products exported from Guatemala to Nicaragua were Light Rubberized Knitted Fabric ($173M), Packaged Medicaments ($72.2M), and Plastic Lids ($41.8M). During the last 27 years the exports of Guatemala to Nicaragua have increased at an annualized rate of 9.69%, from $82.3M in 1995 to $1B in 2022.

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

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

Latest Data

Trade between Nicaragua (Flag) and Guatemala (Flag)

Nicaragua Exports

Guatemala Exports

Market Competitiveness

Color
Nicaragua
Top Destination
United States$4.09B
Guatemala
Top Destination
United States$5.23B

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

In 2021, countries that imported more from Nicaragua than Guatemala were Mexico ($943M), Switzerland ($118M), and Sweden ($25.4M).

In 2021, countries that imported more from Guatemala than Nicaragua were El Salvador ($2.03B), United States ($5.23B), and Honduras ($1.58B).

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

Comparative Advantage Nicaragua - Guatemala

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Guatemala in the exports of Animal Products ($87.4M), Textiles ($42.4M), and Foodstuffs ($37.9M).

During 2022, Guatemala had a large net trade with Nicaragua in the exports of Chemical Products ($251M), Textiles ($220M), and Foodstuffs ($147M).

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

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

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