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Nicaragua import

Nicaragua Import Data

The largest nation in Central America, the Republic of Nicaragua, also referred to as Nicaragua, is surrounded by Honduras to the north, Costa Rica to the south, the Caribbean to the east, and the Pacific Ocean to the west. Managua is the capital and largest city of the nation. In 2022, Nicaragua imported goods worth a total of $11.2 billion. In comparison to 2021, Nicaragua's imports of merchandise rose by 14.4%. In 2022, imports of goods increased by $1.42 billion. Nicaragua's import data plays a vital role in providing valuable insights into the market dynamics, competitor analysis, and product development in the country. By understanding and utilizing this data effectively, businesses can make informed decisions and seize new opportunities in the Nicaraguan market in 2022 and beyond. Nicaragua import data allows businesses to identify lucrative market segments and niches where demand for specific products is high. By pinpointing these segments, businesses can focus their efforts on meeting the needs of consumers who are actively seeking their products. Let us explore Nicaragua's import data for 2022, focusing on its significant import trends.

Nicaragua Import Data | Nicaragua Customs Data

109

The country has been ranked 109th in global imports, showing a significant position in the international trade landscape and import market.

0.02%

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

USA

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

PETROLEUM OIL AND WASTE OIL

Petroleum oil and waste oil are the biggest import commodities of the country, playing a vital role in its economy.

import

Top 10 Imports of Nicaragua

The import data also reveals the dominant product categories that contribute significantly to Nicaragua's imports. While the specific categories may vary each year, common import categories in Nicaragua include machinery and electrical equipment, vehicles, mineral fuels, pharmaceutical products, and plastics. Nicaragua's top 10 imports in 2022, according to its import data are:

  • Petroleum oils and waste oils: 9.42% ($1.06 billion)
  • Petroleum oils and crude: 5.73% ($644 million)
  • T-shirts, singlets, and other vests, knitted or crocheted: 5.06% ($569 million)
  • Other knitted or crocheted fabrics: 4.22% ($474 million)
  • Medicaments: 3.82% ($429 million)
  • Insulated wires and cables: 2.43% ($274 million)
  • Other made-up clothing accessories: 2.4% ($270 million)
  • Motor vehicles for the transport of goods: 1.74% ($196 million)
  • Maize (corn): 1.68% ($189 million)
  • Articles for the conveyance or packing of goods: 1.57% ($177 million)
    • Partners

    Top 10 Import Partners of Nicaragua

    Nicaragua engages in trade with various countries, but some key trading partners consistently feature at the top of the import list. Understanding the preferences and trade dynamics with these nations can help businesses tailor their import strategies accordingly. Nicaragua's top 10 import partners in 2022 include:

    Value In Percentage(%)

  • USA: 26% (3.02 billion US$)
  • China: 12.3% (1.38 billion US$)
  • Honduras: 9.11% (1.02 billion US$)
  • Mexico: 8.92% (1 billion US$)
  • Guatemala: 7.44% (837 million US$)
  • Costa Rica: 5.03% (566 million US$)
  • India: 4.54% (511 million US$)
  • El Salvador: 3.59% (404 million US$)
  • Ecuador: 1.9% (214 million US$)
  • Brazil: 1.63% (184 million US$)
    • Sample Data

    Understanding Nicaragua's Import 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 import data refers to the detailed information about products imported into the country from various international sources. The data includes vital details such as import value, quantity, country of origin, customs tariff classification, and more. Reliable and timely import data provides a comprehensive picture of the foreign trade scenario, empowering businesses to make data-driven decisions. According to Nicaragua's customs data, Nicaragua imported goods worth a total of $11.2 billion in 2022. The import data and shipment data for Nicaragua that we provide you with is quite useful and instructive. All of the data in our database comes from invoices, shipping bills, and other important transaction documents that have been updated recently. We get reliable information from organizations, shipping companies, and customs ports in Nicaragua. Numerous fields are included in the import data from Nicaragua, including HS codes, product descriptions, prices and quantities, port names, and specific currency values.

    Benefits

    Benefits of Nicaragua Import Data

  • Expand your firm into the Nicaraguan import Market.
  • View Nicaragua's most recent product demand and price projections.
  • Track and Examine the Shipment History of Your Rivals.
  • Give your marketing plan an approach based on data.
  • Create a powerful brand identity in Nicaragua.
  • Generate more ROI and long-term business goals.

    • Frequently Asked Questions!!

    Nicaragua import data refers to the information and statistics related to the goods and products that are brought into the country from other nations.

    Nicaragua's import data is important because it provides insights into the country's trade and economic activities, such as the types of goods being imported, their origins, and the value of these imports. This data can also help businesses make informed decisions about potential trade opportunities and market demand.

    Nicaragua's import data for 2022 can be found on the TradeImeX website and various government websites, such as the Ministry of Development, Industry, and Trade, or through private companies that specialize in collecting and analyzing trade data.

    The top imports for Nicaragua in 2022 may vary, but some common categories include mineral fuels and oils, textiles, vehicles, electrical equipment, and pharmaceutical products.

    The main sources of Nicaragua's imports in 2022 may also vary, but some of the top trading partners include the United States, China, Mexico, Honduras, and Guatemala.

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