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Nicaragua Trade Summary

2017

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 2017

Overall Exports and Imports for Nicaragua 2017

Exports and imports of Nicaragua in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 4,926 million.
  • The total value of imports (CIF) was 7,704 million.
  • At the HS6 digit level, 2,022 products were exported to 118 countries and 3,806 products were imported from 178 countries.

Nicaragua top 5 Export and Import partners 2017

Top five countries to which Nicaragua exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Nicaragua exports to United States worth US$ 2,888 million, with a partner share of 58.64 percent.
  2. Nicaragua exports to Mexico worth US$ 324 million, with a partner share of 6.57 percent.
  3. Nicaragua exports to El Salvador worth US$ 276 million, with a partner share of 5.60 percent.
  4. Nicaragua exports to Honduras worth US$ 174 million, with a partner share of 3.52 percent.
  5. Nicaragua exports to Costa Rica worth US$ 155 million, with a partner share of 3.15 percent.

Top five countries from which Nicaragua imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Nicaragua imports from United States worth US$ 1,808 million, with a partner share of 23.47 percent.
  2. Nicaragua imports from China worth US$ 1,172 million, with a partner share of 15.22 percent.
  3. Nicaragua imports from Mexico worth US$ 850 million, with a partner share of 11.03 percent.
  4. Nicaragua imports from Honduras worth US$ 515 million, with a partner share of 6.68 percent.
  5. Nicaragua imports from Costa Rica worth US$ 489 million, with a partner share of 6.34 percent.

Nicaragua Top 5 Productsexports imports at HS 6 digit level 2017

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

  1. Nicaragua exported Ignition wiring sets&oth wiring sets of a kind , worth US$ 584,796.22 million.
  2. Nicaragua exported Coffee, not roasted or decaffeinated , worth US$ 510,186.50 million.
  3. Nicaragua exported T-shirts, singlets and other vests, of cotton, , worth US$ 368,775.34 million.
  4. Nicaragua exported Gold in unwrought forms non-monetary , worth US$ 328,407.51 million.
  5. Nicaragua exported Frozen boneless bovine meat , worth US$ 289,123.11 million.

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

  1. Nicaragua imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 338,792.73 million.
  2. Nicaragua imported Other medicaments of mixed or unmixed products, , worth US$ 321,552.52 million.
  3. Nicaragua imported Weft knits or crocheted fabrics of cotton , worth US$ 256,110.09 million.
  4. Nicaragua imported Petroleum oils and oils obtained from bituminou , worth US$ 255,278.00 million.
  5. Nicaragua imported T-shirts, singlets and other vests, of cotton, , worth US$ 241,468.83 million.

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Nicaragua in 2017 are below

  • The maximum rate of tariff in percentage on any product was 138 percent.
  • The simple average tariff across all products was 3.48 percent.
  • The trade weighted average tariff was 2.33 .
  • The total duty free imports in thousands of US dollars were 5,283,898.38 and duty free tariff line items share was 63.71 percent.

Development Indicators 2017

Key Development Indicators of Nicaragua in 2017 are below

  • Nicaragua GDP in current US dollar was 13,786 million.
  • GNI per capita, Atlas method (current US$) was 2,000.00 .
  • Nicaragua Trade balance: as % of GDP was -13.70.
  • Trade balance in current US$ was -1,889.00 million.
  • Trade as percentage of GDP was 96.38 .
  • Trade in services as percentage of GDP was 18.77 .

Trade Indicators 2017

Trade Indicators for Nicaragua in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.40.
  • Index of export market penetration was 2.38.
  • World Growth in percentage was 5.56 and Nicaragua Country Growth was -1.34 .