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Nicaragua Trade Summary

2003

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 2003

Overall Exports and Imports for Nicaragua 2003

Exports and imports of Nicaragua in 2003 are below, along with number of countries and products

  • The total value of exports (FoB) was 605 million.
  • The total value of imports (CIF) was 1,905 million.
  • At the HS6 digit level, 1,620 products were exported to 75 countries and 3,839 products were imported from 142 countries.

Nicaragua top 5 Export and Import partners 2003

Top five countries to which Nicaragua exported in 2003 are below, along with the percent of total exports that went to that country:

  1. Nicaragua exports to United States worth US$ 221 million, with a partner share of 36.50 percent.
  2. Nicaragua exports to El Salvador worth US$ 104 million, with a partner share of 17.23 percent.
  3. Nicaragua exports to Costa Rica worth US$ 49 million, with a partner share of 8.14 percent.
  4. Nicaragua exports to Honduras worth US$ 43 million, with a partner share of 7.17 percent.
  5. Nicaragua exports to Mexico worth US$ 28 million, with a partner share of 4.61 percent.

Top five countries from which Nicaragua imported goods in 2003 are below, along with percent of total imports that came from the country :

  1. Nicaragua imports from United States worth US$ 507 million, with a partner share of 26.64 percent.
  2. Nicaragua imports from Venezuela worth US$ 179 million, with a partner share of 9.40 percent.
  3. Nicaragua imports from Costa Rica worth US$ 165 million, with a partner share of 8.66 percent.
  4. Nicaragua imports from Mexico worth US$ 155 million, with a partner share of 8.14 percent.
  5. Nicaragua imports from Guatemala worth US$ 132 million, with a partner share of 6.94 percent.

Nicaragua Top 5 Productsexports imports at HS 6 digit level 2003

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 85,558.30 (US$ Thousands).
  2. Nicaragua exported Frozen shrimps and prawns , worth 36,720.50 (US$ Thousands).
  3. Nicaragua exported Gold in unwrought forms non-monetary , worth 34,979.62 (US$ Thousands).
  4. Nicaragua exported Fresh or chilled boneless bovine meat , worth 34,491.08 (US$ Thousands).
  5. Nicaragua exported Frozen rock lobster and other sea crawfish , worth 34,417.38 (US$ Thousands).

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 196,061.13 (US$ Thousands).
  2. Nicaragua imported Petroleum oils, etc, (excl. crude); preparation , worth 127,809.85 (US$ Thousands).
  3. Nicaragua imported Other medicaments of mixed or unmixed products, , worth 80,243.16 (US$ Thousands).
  4. Nicaragua imported Transmission apparatus, for radioteleph incorpo , worth 47,746.33 (US$ Thousands).
  5. Nicaragua imported Other food preparations, nes , worth 24,859.48 (US$ Thousands).

Exports and Imports of Product Groups 2003

Exports and imports of products by stages of processing in 2003 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2003

Tariffs imposed by Nicaragua in 2003 are below

  • The maximum rate of tariff in percentage on any product was 170 percent.
  • The simple average tariff across all products was 4.59 percent.
  • The trade weighted average tariff was 2.93 .
  • The total duty free imports in thousands of US dollars were 1,226,988.02 and duty free tariff line items share was 54.14 percent.

Development Indicators 2003

Key Development Indicators of Nicaragua in 2003 are below

  • Nicaragua GDP in current US dollar was 5,322 million.
  • GNI per capita, Atlas method (current US$) was 990.00 .
  • Nicaragua Trade balance: as % of GDP was -20.77.
  • Trade balance in current US$ was -1,105.00 million.
  • Trade as percentage of GDP was 62.18 .
  • Trade in services as percentage of GDP was 14.41 .

Trade Indicators 2003

Trade Indicators for Nicaragua in 2003 are below

  • Hirschman Herfindahl market concentration index was 0.43.
  • Index of export market penetration was 1.95.
  • World Growth in percentage was 7.11 and Nicaragua Country Growth was 6.04 .