IMPORT EXPORT
Nicaragua import Statistics

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. 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 the Nicaragua trade data effectively, businesses can make informed decisions and seize new opportunities in the Nicaraguan market in 2023 and beyond. Nicaragua customs 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. 

According to Nicaragua import data, Nicaragua imported goods worth $10.9 billion in 2023. In comparison to the previous year, Nicaragua's imports of goods fell by 3%, as per Nicaragua trade data. According to Nicaragua customs data and shipment data, mineral fuels and oils are Nicaragua’s biggest exports, while the USA is its biggest export partner. Nicaragua’s total GDP is $51 billion, with a GDP import share of 60.07%. Nicaragua is a part of trading blocs such as WTO, CAFTA-DR, GATT, and ALBA. Let us explore Nicaragua import statistics for 2023, focusing on significant import trends.

Nicaragua Import Data | Nicaragua Import Statistics & Trends

110

The country has been ranked 110th in global imports, showing a significant position in the international trade landscape and import market.

0.1%

With a mere 0.1% 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.

MINERAL FUELS AND OILS

Mineral fuels and oils are the biggest import commodities of the country, playing a vital role in its economy.

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

Top 10 Imports of Nicaragua | Nicaragua Imports by HS Code

The Nicaragua trade 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 2023, according to Nicaragua customs data and Nicaragua import statistics are:

  • Mineral fuels and oils (HS code 27): 14.08% ($1.53 billion) 
  • Electrical machinery and equipment (HS code 85): 7.82% ($854.05 million) 
  • Vehicles (HS code 87): 6.6% ($720.66 million) 
  • Articles of apparel and clothing, knitted or crocheted (HS code 61): 6.32% ($689.66 million) 
  • Nuclear reactors and machinery (HS code 84): 5.74% ($626.82 million) 
  • Pharmaceuticals (HS code 30): 4.59% ($501.17 million) 
  • Plastics and articles thereof (HS code 39): 4.56% ($498.10 million) 
  • Knitted or crocheted fabrics (HS code 60): 3.15% ($344.16 million) 
  • Iron and steel (HS code 72): 3% ($327.21 million) 
  • Cereals (HS code 10): 2.62% ($285.57 million)
    • Partners

    Top 10 Import Partners of Nicaragua | Nicaragua Imports by Country

    Nicaragua engages in trade with various countries, but some key trading partners consistently feature at the top of the import list. Understanding the preferences of Nicaragua's customs data and trade dynamics with these nations can help businesses tailor their import strategies accordingly. Nicaragua's top 10 import partners in 2023 according to Nicaragua trade statistics include:

    Value In Percentage(%)

  • USA: 24.8% (2.70 billion US$)
  • China: 12.7% (1.38 billion US$)
  • Mexico: 9.4% (1.02 billion US$)
  • Honduras: 9.2% (1 billion US$)
  • Guatemala: 7.8% (852.22 million US$)
  • Costa Rica: 6.2% (675.60 million US$)
  • El Salvador: 4% (433.82 million US$)
  • India: 3.4% (371.12 million US$)
  • Ecuador: 2.4% (264.58 million US$)
  • Japan: 2% (213.29 million US$)
    • Sample Data

    Understanding Nicaragua Customs Data for Imports

    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 customs data for imports refers to the detailed information about products imported into the country from various international sources. The Nicaragua customs import 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 customs data, Nicaragua imported goods worth a total of $10.9 billion in 2023. The import data and shipment data for Nicaragua that we provide you with are quite useful and instructive. All of the shipment data and trade data in our customs database come 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. So, as you can see for Nicaragua import-export data, 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 Import Data

  • Expand your firm into the Nicaragua 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 2024 can be found on the TradeImeX website.

    The top imports for Nicaragua in 2023 include mineral fuels and oils, textiles, vehicles, electrical equipment, and pharmaceutical products.

    The main sources of Nicaragua's imports in 2023 based on Nicaragua trade activities in 2023 include the United States, China, Mexico, Honduras, and Guatemala.

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