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Nicaragua Trade Summary

1998

Nicaragua exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR NICARAGUA 1998

Overall Exports and Imports for Nicaragua 1998

Exports and imports of Nicaragua in 1998 are below, along with number of countries and products

  • The total value of exports (FoB) was 553 million.
  • The total value of imports (CIF) was 1,532 million.
  • At the HS6 digit level, 1,083 products were exported to 73 countries and 3,790 products were imported from 102 countries.

Nicaragua top 5 Export and Import partners 1998

Top five countries to which Nicaragua exported in 1998 are below, along with the percent of total exports that went to that country:

  1. Nicaragua exports to United States worth US$ 211 million, with a partner share of 38.13 percent.
  2. Nicaragua exports to Germany worth US$ 61 million, with a partner share of 11.07 percent.
  3. Nicaragua exports to El Salvador worth US$ 58 million, with a partner share of 10.43 percent.
  4. Nicaragua exports to Costa Rica worth US$ 25 million, with a partner share of 4.61 percent.
  5. Nicaragua exports to Spain worth US$ 23 million, with a partner share of 4.24 percent.

Top five countries from which Nicaragua imported goods in 1998 are below, along with percent of total imports that came from the country :

  1. Nicaragua imports from United States worth US$ 467 million, with a partner share of 30.47 percent.
  2. Nicaragua imports from Costa Rica worth US$ 163 million, with a partner share of 10.61 percent.
  3. Nicaragua imports from Guatemala worth US$ 113 million, with a partner share of 7.36 percent.
  4. Nicaragua imports from Panama worth US$ 102 million, with a partner share of 6.64 percent.
  5. Nicaragua imports from Japan worth US$ 100 million, with a partner share of 6.51 percent.

Nicaragua Top 5 Productsexports imports at HS 6 digit level 1998

The top five exported HS 6 digit level products to world by Nicaragua along with trade value are:

  1. Nicaragua exported Coffee, not roasted or decaffeinated , worth US$ 164,687.92 million.
  2. Nicaragua exported Frozen shrimps and prawns , worth US$ 48,996.57 million.
  3. Nicaragua exported Raw cane sugar, in solid form , worth US$ 39,617.53 million.
  4. Nicaragua exported Gold in unwrought forms non-monetary , worth US$ 32,162.13 million.
  5. Nicaragua exported Bananas, including plantains, fresh or dried , worth US$ 21,802.49 million.

The top five imported HS 6 digit level products from world by Nicaragua along with trade value are

  1. Nicaragua imported Petroleum oils and oils obtained from bituminou , worth US$ 121,122.91 million.
  2. Nicaragua imported Other medicaments of mixed or unmixed products, , worth US$ 50,723.06 million.
  3. Nicaragua imported Diesel powered trucks with a GVW not exceeding , worth US$ 43,175.86 million.
  4. Nicaragua imported Automobiles with diesel engine displacing more , worth US$ 28,151.49 million.
  5. Nicaragua imported Durum wheat , worth US$ 21,161.38 million.

Exports and Imports of Product Groups 1998

Exports and imports of products by stages of processing in 1998 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1998

Tariffs imposed by Nicaragua in 1998 are below

  • The maximum rate of tariff in percentage on any product was 190 percent.
  • The simple average tariff across all products was 4.90 percent.
  • The trade weighted average tariff was 4.53 .
  • The total duty free imports in thousands of US dollars were 632,176.07 and duty free tariff line items share was 41.66 percent.

Development Indicators 1998

Key Development Indicators of Nicaragua in 1998 are below

  • Nicaragua GDP in current US dollar was 4,635 million.
  • GNI per capita, Atlas method (current US$) was 870.00 .
  • Nicaragua Trade balance: as % of GDP was -18.34.
  • Trade balance in current US$ was -850.00 million.
  • Trade as percentage of GDP was 57.01 .
  • Trade in services as percentage of GDP was 11.23 .

Trade Indicators 1998

Trade Indicators for Nicaragua in 1998 are below

  • Hirschman Herfindahl market concentration index was 0.32.
  • Index of export market penetration was 1.80.
  • World Growth in percentage was -0.47 and Nicaragua Country Growth was 1.77 .