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Nicaragua: Trade Statistics

Exporter Rank

90 / 138

Importer Rank

93 / 138

Trade Balance Rank

81 / 138

Total Trade [1]

Total Exports (2021) $6,494,984,866
Total Imports (2021) $9,826,379,471
Trade Balance (2021) ($3,331,394,605)
Exports of goods and services (% of GDP) (2022) [2] 49.78%
Imports of goods and services (% of GDP) (2022) [2] 65.4%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
United States $3,671,222,262
Mexico $768,626,151
El Salvador $386,383,988
Honduras $336,995,708
Costa Rica $189,331,871
Guatemala $161,611,535
Belgium $85,114,677
Germany $67,939,403
Panama $65,698,493
United Kingdom $56,799,690

Import Partners

Top 10 Import Countries

Country Import USD$
United States $2,443,048,624
China $1,223,880,401
Mexico $868,427,755
Netherlands $724,132,768
Guatemala $718,515,774
Honduras $683,452,838
Costa Rica $521,455,825
El Salvador $374,197,630
India $362,209,026
Ecuador $156,954,140

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(61) Apparel: Knit $1,224,752,465
(71) Precious Stones & Metals $949,524,022
(02) Meat $762,545,290
(85) Electrical Machinery $600,002,131
(09) Coffee & Spices $510,807,544
(24) Tobacco $378,907,313
(62) Apparel: Non Knit $321,398,720
(03) Seafood $319,924,426
(04) Dairy Products $200,067,790
(17) Sugar & Confectionery $180,220,647

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $1,745,273,351
(85) Electrical Machinery $874,499,973
(84) Industrial Machinery $525,841,392
(30) Pharmaceuticals $524,522,161
(60) Knitted Fabrics $506,369,613
(61) Apparel: Knit $504,639,432
(39) Plastics $410,778,684
(87) Motor Vehicles & Parts $361,861,354
(72) Iron & Steel $268,897,356
(10) Cereals $263,224,555

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
Nicaragua