{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:07.917Z", "seo": { "title": "South Korea exports to Nicaragua: Trade Route Risk | Yugalinks", "description": "Understand reported exports from South Korea to Nicaragua, the product routes that need a closer look, and the conditions that may affect planning." }, "publisher": { "name": "Yugalinks", "url": "https://www.yugalinks.com", "email": "support@yugalinks.com", "linkedin": "https://in.linkedin.com/company/yugalinks" }, "exporter": { "iso3": "KOR", "country_name": "South Korea" }, "importer": { "iso3": "NIC", "country_name": "Nicaragua" }, "latestYear": 2024, "risk": { "exporter_iso3": "KOR", "importer_iso3": "NIC", "all_history_lane_count": 49, "current_lane_count": 44, "current_product_count": 44, "first_observed_last_year": 2011, "latest_data_year": 2024, "current_trade_usd": 66495090.45133663, "attention_trade_usd": 40563858.95456861, "critical_trade_usd": 0, "high_volatility_trade_usd": 36302215.862817146, "unrecovered_drawdown_trade_usd": 15125411.957523815, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 47565875.72137184, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 10, "high_volatility_lane_count": 28, "unrecovered_drawdown_lane_count": 22, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 29, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.0739454144083216, "trade_weighted_below_peak_pct": 25.90434793427084, "product_concentration_hhi": 1579.4271462473785, "top1_product_share_pct": 31.462928932823047, "top3_product_share_pct": 57.6912493728527, "top_product_hs6": "870421", "top_product_trade_usd": 20921303.052520446, "top_product_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1", "top_attention_product_hs6": "870421", "top_attention_product_reason": "Trade has varied substantially across reported years", "distance_km": 13509.791015625, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0, "has_reported_fta": 1, "avg_applied_tariff_pct": 8.58842104787879, "avg_mfn_tariff_pct": 8.61494578868687, "avg_preferential_tariff_pct": 6.963732499999997, "tariff_advantage_pp": 1.6512132886868716, "buyer_biz_entry_days": 14, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 14013.022092000001, "buyer_gdp_pc_latest": 2091, "buyer_population_latest": 6702.379, "buyer_gdp_5y_cagr_pct": 9.172346628065231, "buyer_gdp_pc_5y_cagr_pct": 7.77149231502996, "buyer_population_5y_cagr_pct": 1.2998375386140015, "buyer_investment_5y_avg_pct": 29.536, "buyer_savings_5y_avg_pct": 13.639999999999997, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 61.002787843795204, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_markets" ], "attention_level": "High attention", "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure", "buyer_gdp_mn_2024": 14013.022092000001, "buyer_gdp_pc_2024": 2091, "buyer_population_2024": 6702.379 }, "history": [ { "year": 1995, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 20522381.28580766, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 27978353.30268396, "yoy_growth_pct": 36.330930183197154, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 31300812.89791277, "yoy_growth_pct": 11.875107728052336, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 37577180.083045274, "yoy_growth_pct": 20.051770558173043, "cagr_3y_pct": 22.33915542259062 }, { "year": 1999, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 41795585.21419314, "yoy_growth_pct": 11.225975769935982, "cagr_3y_pct": 14.314877028517703 }, { "year": 2000, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 46019262.00355262, "yoy_growth_pct": 10.105557244177987, "cagr_3y_pct": 13.708957462837446 }, { "year": 2001, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 56834609.736955576, "yoy_growth_pct": 23.50178438882402, "cagr_3y_pct": 14.78793206856035 }, { "year": 2002, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 84646904.53115602, "yoy_growth_pct": 48.93549005249183, "cagr_3y_pct": 26.52030304279167 }, { "year": 2003, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 71722688.3269055, "yoy_growth_pct": -15.268386098505815, "cagr_3y_pct": 15.94151472183687 }, { "year": 2004, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 107696342.29693015, "yoy_growth_pct": 50.15658895280109, "cagr_3y_pct": 23.745483567352863 }, { "year": 2005, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 123503808.33859785, "yoy_growth_pct": 14.677811432151389, "cagr_3y_pct": 13.420029583437266 }, { "year": 2006, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 140178232.63838565, "yoy_growth_pct": 13.501141806148386, "cagr_3y_pct": 25.028208081084614 }, { "year": 2007, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 132011433.45536219, "yoy_growth_pct": -5.826010949996185, "cagr_3y_pct": 7.021294008417156 }, { "year": 2008, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 241187977.43092525, "yoy_growth_pct": 82.70233957612436, "cagr_3y_pct": 24.99474896496303 }, { "year": 2009, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 133825809.67216286, "yoy_growth_pct": -44.51389696217767, "cagr_3y_pct": -1.533968868703084 }, { "year": 2010, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 192279508.35328886, "yoy_growth_pct": 43.67894266757795, "cagr_3y_pct": 13.354948866020134 }, { "year": 2011, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 215689376.74582148, "yoy_growth_pct": 12.174915877941594, "cagr_3y_pct": -3.6560680400435697 }, { "year": 2012, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 183962748.53805995, "yoy_growth_pct": -14.709406965902483, "cagr_3y_pct": 11.189387190666512 }, { "year": 2013, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 190663244.15973163, "yoy_growth_pct": 3.6423111064169733, "cagr_3y_pct": -0.2809822954585095 }, { "year": 2014, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 179188305.55533618, "yoy_growth_pct": -6.018432474998747, "cagr_3y_pct": -5.992976422937712 }, { "year": 2015, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 136369874.96924978, "yoy_growth_pct": -23.895772915193614, "cagr_3y_pct": -9.497025959694694 }, { "year": 2016, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 144688286.56102595, "yoy_growth_pct": 6.0998894320698716, "cagr_3y_pct": -8.787267745608618 }, { "year": 2017, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 125017045.24967943, "yoy_growth_pct": -13.595600431033972, "cagr_3y_pct": -11.307576407126907 }, { "year": 2018, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 117847592.1454136, "yoy_growth_pct": -5.734780477291923, "cagr_3y_pct": -4.749464992655383 }, { "year": 2019, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 86772183.7367937, "yoy_growth_pct": -26.36915005465328, "cagr_3y_pct": -15.66994481699071 }, { "year": 2020, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 96102449.61258174, "yoy_growth_pct": 10.75260005451697, "cagr_3y_pct": -8.394459289872259 }, { "year": 2021, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 101201250.39743891, "yoy_growth_pct": 5.305588780943649, "cagr_3y_pct": -4.9493579037112045 }, { "year": 2022, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 103288209.25302206, "yoy_growth_pct": 2.0621868281144984, "cagr_3y_pct": 5.9798759721682915 }, { "year": 2023, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 115170688.68831418, "yoy_growth_pct": 11.50419735343069, "cagr_3y_pct": 6.219071800659481 }, { "year": 2024, "exporter_iso3": "KOR", "importer_iso3": "NIC", "export_value_usd": 105870033.95028542, "yoy_growth_pct": -8.075539743622684, "cagr_3y_pct": 1.514728619397654 } ], "riskLanes": [ { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "870421", "hs_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1", "buyer_imports_latest_usd": 244802226.28523523, "current_below_peak_pct": 0, "lane_volatility_cv": 1.0123389496872879, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "870323", "hs_description": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc", "buyer_imports_latest_usd": 35080656.617676795, "current_below_peak_pct": 20.096085080566127, "lane_volatility_cv": 0.8384349951561029, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "610990", "hs_description": "T-shirts, singlets and other vests: of textile materials (other than cotton), knitted or crocheted", "buyer_imports_latest_usd": 75804155.00397731, "current_below_peak_pct": 0, "lane_volatility_cv": 3.3914623566943245, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "600622", "hs_description": "Fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed", "buyer_imports_latest_usd": 308130645.67788875, "current_below_peak_pct": 96.08202334403022, "lane_volatility_cv": 0.6402202236371537, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market" ] }, { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "870322", "hs_description": "Vehicles: with only spark-ignition internal combustion piston engine, cylinder capacity over 1000 but not over 1500cc", "buyer_imports_latest_usd": 86508143.57160051, "current_below_peak_pct": 71.11739838737769, "lane_volatility_cv": 0.6384411842423677, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market" ] }, { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "392321", "hs_description": "Ethylene polymers: sacks and bags (including cones), for the conveyance or packing of goods", "buyer_imports_latest_usd": 39703366.91417384, "current_below_peak_pct": 44.79296307315169, "lane_volatility_cv": 1.1936420450397596, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "870422", "hs_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes), nes in item no 8704.1", "buyer_imports_latest_usd": 48586552.99548887, "current_below_peak_pct": 0, "lane_volatility_cv": 1.0510068130649663, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "870321", "hs_description": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000cc", "buyer_imports_latest_usd": 23559008.477807313, "current_below_peak_pct": 65.78986415534297, "lane_volatility_cv": 0.7670572940963091, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market" ] }, { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "850710", "hs_description": "Electric accumulators: lead-acid, of a kind used for starting piston engines, including separators, whether or not rectangular (including square)", "buyer_imports_latest_usd": 14910271.04238704, "current_below_peak_pct": 0, "lane_volatility_cv": 0.42330024518507015, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "KOR", "importer_iso3": "NIC", "hs_code": "220299", "hs_description": "Non-alcoholic beverages: other than non-alcoholic beer, n.e.c. in item no. 2202.10, not including fruit, nut or vegetable juices of heading no. 2009", "buyer_imports_latest_usd": 52502920.52722173, "current_below_peak_pct": 0, "lane_volatility_cv": 0.822573687313996, "attention_level": "Watch", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "KOR", "importer_iso3": "NIC", "distance_km": 13508, "shares_land_border": 0, "shares_official_language": 0, "shares_ethnic_language": 0, "shared_religion": 0, "shared_legal_system": 0, "shared_colonial_history": 0, "has_fta": 1, "rta_coverage_ratio": 2, "exporter_is_wto": 1, "importer_is_wto": 1, "exporter_is_eu": 0, "importer_is_eu": 0, "importer_gdp_million_usd": 14013.022092, "importer_gdp_per_capita_usd": 2090.7534611217898, "importer_population": 6702.379, "importer_biz_entry_days": 14, "importer_biz_entry_cost_pct": 65.7, "exporter_gdp_million_usd": 1798533.9150910003, "exporter_gdp_per_capita_usd": 34757.71939879189, "avg_applied_tariff_pct": 8.58842104787879, "avg_mfn_tariff_pct": 8.61494578868687, "avg_preferential_tariff_pct": 6.963732499999997, "tariff_advantage_pp": 1.6512132886868716 }, "sourceAttribution": { "publisher": "OECD", "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D", "year": 2025, "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)", "sourceUrl": "https://data-explorer.oecd.org/", "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0", "termsUrl": "https://www.oecd.org/termsandconditions/", "terms": "OECD Terms & Conditions", "accessed": "2026-08-29", "supportingSources": [ { "publisher": "CEPII", "dataset": "BACI bilateral trade flows", "release": "202601", "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.", "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html", "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37", "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf", "license": "Etalab 2.0 Open Licence", "accessed": "2026-08-29" } ] }, "links": { "canonical": "https://www.yugalinks.com/trade/corridor/KOR-NIC/risk", "html": "https://www.yugalinks.com/trade/corridor/KOR-NIC/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/KOR-NIC/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/KOR-NIC/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/KOR-NIC/risk/index.ld.json", "home": "https://www.yugalinks.com/", "tradeHub": "https://www.yugalinks.com/trade/", "dataSources": "https://www.yugalinks.com/data-sources", "methodology": "https://www.yugalinks.com/methodology", "workspace": "https://www.yugalinks.com/app/corridors", "contact": "https://www.yugalinks.com/contact", "email": "mailto:support@yugalinks.com", "linkedin": "https://in.linkedin.com/company/yugalinks" } }