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Nicaragua export Statistics

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. With its export data witnessing significant improvements in recent years, Nicaragua has become an attractive destination for foreign investors. Nicaragua's customs data and trade data reflect 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 and take advantage of emerging opportunities. 

According to Nicaragua's export data, Nicaragua exported goods worth a total of $7.4 billion in 2023. Nicaragua's merchandise exports grew by 1% in comparison to the previous year. According to the Nicaragua trade statistics, the country is ranked as the 109th largest goods exporter globally. Articles of apparel and clothing knitted are Nicaragua’s biggest export, while the USA is its biggest export partner. Nicaragua’s GDP is $51 billion, with a GDP export share of 46.61%. Nicaragua is a part of major trading blocs such as WTO, CAFTA-DR, GATT, and ALBA. We will now delve into the details of Nicaragua's export data and explore the major export trends of Nicaragua in 2023.

Nicaragua Customs Export Data & Statistics

109

The country has been ranked 109th 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.

ARTICLES OF APPAREL AND CLOTHING, KNITTED

Articles of apparel and clothing, knitted or crocheted are the major and biggest export commodities of the country, playing a vital role in its economy.

Please select a country or provide either a description or HS Code.
export

Top 10 Exports of Nicaragua | Nicaragua Export Data by HS Code

With its thriving agriculture, textile, and manufacturing industries, Nicaragua is poised for continued growth in its export sector as per its trade data. As Nicaragua expands its trade horizons, its export data is set to surpass previous records. Nicaragua's top 10 exports in 2023, according to the Nicaragua export data and Nicaragua customs data are:

  • Articles of apparel and clothing, knitted or crocheted (HS code 61): 18.81% ($1.38 billion) 
  • Precious stones and metals, pearls (HS code 71): 15.7% ($1.15 billion) 
  • Electrical machinery and equipment (HS code 85): 11.51% ($849.24 million) 
  • Meat and edible meat offal (HS code 02): 9.75% ($719.40 million) 
  • Coffee, tea, and spices (HS code 09): 8.27% ($610.34 million) 
  • Tobacco (HS code 24): 6.27% ($462.98 million) 
  • Articles of apparel and clothing, not knitted (HS code 62): 4.43% ($326.91 million) 
  • Dairy products (HS code 04): 3.78% ($278.59 million) 
  • Fish and other aquatic invertebrates (HS code 03): 3.63% ($267.63 million) 
  • Sugars and sugar confectionery (HS code 17): 3.12% ($230.47 million)
    • Partners

    Top 10 Export Partners of Nicaragua | Nicaragua Export Data by Country

    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 2023 according to Nicaragua trade data and Nicaragua shipment data include:

    Value In Percentage(%)

  • USA: 50.1% (3.69 billion US$)
  • Mexico: 13.7% (1 billion US$)
  • El Salvador: 6.5% (482.22 million US$)
  • Canada: 5.8% (426.73 million US$)
  • Honduras: 5% (368.44 million US$)
  • Costa Rica: 3.3% (240.07 million US$)
  • Guatemala: 2.2% (163.24 million US$)
  • Belgium: 1.2% (88.35 million US$)
  • Panama: 1.1% (78.11 million US$)
  • United Kingdom: 0.9% (64.06 million US$)
    • Sample Data

    Overview of Nicaragua Customs Data for Exports

    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 customs data, Nicaragua witnessed a steady growth in its exports over the past few years. In 2023, the country's total exports reached $7.4 billion according to the Nicaragua trade data. 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 customs 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. So, as you can see, we obtain trustworthy data from organizations, shipping businesses, and customs ports. The trade data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, importers/exporters names and addresses, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them 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 the trade data for your convenience and greater understanding so that you can see what the trade data or customs data looks like as a whole, with complete details.

    Benefits

    Benefits of Nicaragua 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 products in 2023 are articles of apparel and clothing, knitted or crocheted, accounting for approximately 18.81% of the country's total exports.

    According to the latest Nicaragua customs data and export data, Nicaragua earned $7.4 billion from exports in 2023.

    Nicaragua's export industry has been growing in recent years, with a 1% increase in exports in 2023 compared to the previous year.

    Other top export products of Nicaragua include articles of apparel, electrical machinery, meat, and coffee.

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

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