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Nicaragua Trade Summary

2018

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 2018

Overall Exports and Imports for Nicaragua 2018

Exports and imports of Nicaragua in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,014 million.
  • The total value of imports (CIF) was 7,351 million.
  • At the HS6 digit level, 2,148 products were exported to 121 countries and 3,717 products were imported from 168 countries.

Nicaragua top 5 Export and Import partners 2018

Top five countries to which Nicaragua exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Nicaragua exports to United States worth US$ 3,064 million, with a partner share of 61.11 percent.
  2. Nicaragua exports to El Salvador worth US$ 286 million, with a partner share of 5.70 percent.
  3. Nicaragua exports to Mexico worth US$ 282 million, with a partner share of 5.63 percent.
  4. Nicaragua exports to Honduras worth US$ 220 million, with a partner share of 4.39 percent.
  5. Nicaragua exports to Costa Rica worth US$ 155 million, with a partner share of 3.10 percent.

Top five countries from which Nicaragua imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Nicaragua imports from United States worth US$ 2,042 million, with a partner share of 27.77 percent.
  2. Nicaragua imports from China worth US$ 974 million, with a partner share of 13.24 percent.
  3. Nicaragua imports from Mexico worth US$ 740 million, with a partner share of 10.07 percent.
  4. Nicaragua imports from Honduras worth US$ 567 million, with a partner share of 7.71 percent.
  5. Nicaragua imports from Guatemala worth US$ 455 million, with a partner share of 6.19 percent.

Nicaragua Top 5 Productsexports imports at HS 6 digit level 2018

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$ 529,086.75 million.
  2. Nicaragua exported T-shirts, singlets and other vests, of cotton, , worth US$ 436,375.70 million.
  3. Nicaragua exported Coffee, not roasted or decaffeinated , worth US$ 418,008.96 million.
  4. Nicaragua exported Gold in unwrought forms non-monetary , worth US$ 370,930.09 million.
  5. Nicaragua exported Frozen boneless bovine meat , worth US$ 248,813.18 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$ 562,267.77 million.
  2. Nicaragua imported Petroleum oils and oils obtained from bituminou , worth US$ 397,615.67 million.
  3. Nicaragua imported Weft knits or crocheted fabrics of cotton , worth US$ 310,032.05 million.
  4. Nicaragua imported T-shirts, singlets and other vests, of cotton, , worth US$ 267,871.39 million.
  5. Nicaragua imported Other medicaments of mixed or unmixed products, , worth US$ 261,148.26 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Nicaragua in 2018 are below

  • The maximum rate of tariff in percentage on any product was 123.70 percent.
  • The simple average tariff across all products was 3.33 percent.
  • The trade weighted average tariff was 1.95 .
  • The total duty free imports in thousands of US dollars were 5,532,597.46 and duty free tariff line items share was 64.24 percent.

Development Indicators 2018

Key Development Indicators of Nicaragua in 2018 are below

  • Nicaragua GDP in current US dollar was 13,025 million.
  • GNI per capita, Atlas method (current US$) was 1,970.00 .
  • Nicaragua Trade balance: as % of GDP was -9.43.
  • Trade balance in current US$ was -1,228.00 million.
  • Trade as percentage of GDP was 93.99 .
  • Trade in services as percentage of GDP was 17.78 .

Trade Indicators 2018

Trade Indicators for Nicaragua in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.41.
  • Index of export market penetration was 2.31.
  • World Growth in percentage was 3.50 and Nicaragua Country Growth was 1.30 .