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Nicaragua export

Nicaragua Export Data

Nicaragua, a country located in Central America, is known for its rich natural resources and a growing export sector. Its favorable geographical location and diverse industries have contributed to the country's economic growth. According to Nicaragua's export data, Nicaragua exported goods worth a total of $7.87 billion in 2022. Nicaragua's merchandise exports rose 13.3% in comparison to 2021. In 2022, goods exports increased by $864 million. With its export data witnessing significant improvements in recent years, Nicaragua has become an attractive destination for foreign investors. Nicaragua's export data reflects the country's efforts to diversify its economy and attract foreign investments. With its thriving agriculture, textile, and manufacturing industries, Nicaragua is poised for continued growth in its export sector. By focusing on the diversification of export markets, investing in infrastructure, and supporting SMEs, the country is well-positioned to navigate the challenges of 2022 and take advantage of emerging opportunities. We will now delve into the details of Nicaragua's export data and explore the outlook for 2022.

Nicaragua Export Data | Nicaragua Trade Data

120

The country has been ranked 120th in global exports, showing a significant position in the international trade and export landscape.

0.02%

With a mere 0.02% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

USA

The USA holds a significant role as the largest export partner of the country in terms of goods exports and export share.

T-SHIRTS

T-Shirts are the major and biggest export commodities of the country, playing a vital role in its economy.

export

Top 10 Exports of Nicaragua

With its thriving agriculture, textile, and manufacturing industries, Nicaragua is poised for continued growth in its export sector. As Nicaragua expands its trade horizons, its export data is set to surpass previous records. Nicaragua's top 10 exports in 2022, according to its export data are:

  • T-shirts, knitted or crocheted: 12.9% ($953 million)
  • Gold: 12.6% ($927 million)
  • Coffee: 9.73% ($716 million)
  • Insulated wires and cables: 9.65% ($710 million)
  • Cigars, cheroots, cigarillos, and cigarettes: 5.5% ($405 million)
  • Meat of bovine animals, fresh or chilled: 4.92% ($362 million)
  • Frozen Meat of bovine animals: 4.31% ($317 million)
  • Jerseys, pullovers, cardigans, and waistcoats: 3.41% ($251 million)
  • Crustaceans: 2.91% ($214 million)
  • Men's or boys' suits: 2.55% ($188 million)
    • Partners

    Top 10 Export Partners of Nicaragua

    Nicaragua aims to broaden its export markets by exploring new destinations beyond its traditional trading partners. The government is actively working towards forging trade agreements with countries in Asia, Europe, and Africa. Nicaragua's top 10 export partners in 2022 include:

    Value In Percentage(%)

  • USA: 52% (3.84 billion US$)
  • Mexico: 12.8% (948 million US$)
  • Honduras: 7.34% (540 million US$)
  • El Salvador: 5.93% (436 million US$)
  • Costa Rica: 3.11% (229 million US$)
  • Guatemala: 2.86% (210 million US$)
  • Belgium: 1.46% (107 million US$)
  • Other Asia, Nes: 1.4% (103 million US$)
  • Panama: 0.89% (72 million US$)
  • United Kingdom: 0.71% (62 million US$)
    • Sample Data

    Overview of Nicaragua's Export Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Nicaragua's export sector plays a crucial role in its economy, driving growth and generating employment opportunities. The country primarily exports agricultural products, such as coffee, bananas, beef, and seafood. Additionally, Nicaragua also exports textiles and apparel, automobile harnesses, and medical products. According to recent data, Nicaragua witnessed a steady growth in its exports over the past few years. In 2022, the country's total exports reached $7.35 billion, representing a 13.3% increase compared to the previous year. This growth is a testament to the country's commitment to expanding its export market and diversifying its product offerings. The trade and export data from Nicaragua includes several elements, such as quantity, price, product description, total currency value, and more. It includes all pertinent data regarding destination nations, exporter names, HS codes, etc. This custom export data is essential information that dealers and marketers need to make well-informed decisions. Nicaragua can fully utilize the potential of its export industry and support its economic development by tackling the obstacles and seizing the chances.

    Benefits

    Benefits of Nicaragua’s Export Data

  • Generate enhanced sales from the Nicaraguan export market.
  • Determine the recent demand for products in Nicaragua.
  • Monitor competitors and outperform them.
  • Build your marketing plan based on export data.
  • Create a major impact on Nicaragua's export market.
  • Establish goals for the future and maximize earnings.

    • Frequently Asked Questions!!

    Nicaragua's main export product is Textiles and T-shirts, accounting for approximately 12.9% of the country's total exports.

    According to the latest data, Nicaragua earned $7.35 billion from exports in 2022.

    Nicaragua's export industry has been growing in recent years, with a 13.3% increase in exports in 2022 compared to the previous year.

    Other top export products of Nicaragua include gold, coffee, seafood, beef, and sugar.

    The United States, Mexico, Honduras, El Salvador, and Costa Rica are the top destinations for Nicaragua's exports.

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