Trade Trend

In 2023, Nicaragua's total export value is 7.38Billion USD, total import value is 10.91Billion USD, Deficit is -3.53Billion USD, and foreign trade dependency is 1.026. In 2023，Nicaragua's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.13Billion USD), Tshirts, singlets and other vests; knitted or crocheted(916.47Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(839.64Million USD), top export destinations are United States(3.71Billion USD), Mexico(1.01Billion USD), El Salvador(482.23Million USD). In 2023, Nicaragua's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(834.94Million USD), Petroleum oils and oils obtained from bituminous minerals; crude(604.93Million USD), Tshirts, singlets and other vests; knitted or crocheted(507.83Million USD), top import origins are United States(2.70Billion USD), China(1.38Billion USD), Mexico(1.02Billion USD).

Comparing to 2022, Nicaragua's total export value increased 19.11Million USD(0.26%) in 2023, this could result from its export increases of products such as Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(201.57Million USD or 21.73%), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(128.99Million USD or 18.15%), Cheese and curd(53.74Million USD or 30.22%) and export increases to countries/economics such as Canada(387.68Million USD or 992.73%), Mexico(60.75Million USD or 6.40%), El Salvador(45.64Million USD or 10.45%). Comparing to 2022, Nicaragua's total import value decreased -330.25Million USD(-2.94%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-225.27Million USD or -21.25%), Clothing accessories n.e.c.; parts of garments or accessories other than those of heading no. 6212 (not knitted or crocheted)(-174.78Million USD or -64.58%), Fabrics; knitted or crocheted fabrics, other than those of headings 60.01 to 60.04(-155.97Million USD or -32.85%), and its import decreases from countries/economies such as United States(-322.74Million USD or -10.67%), India(-139.76Million USD or -27.36%), Netherlands(-117.49Million USD or -75.74%).

Cumulated to first 7 months of 2024, Nicaragua's total export value is 3.27Billion USD, total import value is 3.44Billion USD, and tradedeficit is -170.79Million USD. Cumulated to first 7 months of 2024, Nicaragua's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(558.99Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(491.53Million USD), Tshirts, singlets and other vests; knitted or crocheted(404.87Million USD), and top export destinations are United States(1.95Billion USD), Mexico(266.79Million USD), Canada(257.91Million USD). Cumulated to first 7 months of 2024, Nicaragua's top import products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(558.99Million USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(491.53Million USD), Tshirts, singlets and other vests; knitted or crocheted(404.87Million USD), and top import origins areUnited States(1.38Billion USD), China(409.08Million USD), Guatemala(333.19Million USD).