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Nicaragua Trade Summary

2020

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 2020

Overall Exports and Imports for Nicaragua 2020

Exports and imports of Nicaragua in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,087 million.
  • The total value of imports (CIF) was 6,545 million.
  • At the HS6 digit level, 1,945 products were exported to 113 countries and 3,651 products were imported from 162 countries.

Nicaragua top 5 Export and Import partners 2020

Top five countries to which Nicaragua exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Nicaragua exports to United States worth US$ 3,032 million, with a partner share of 59.60 percent.
  2. Nicaragua exports to Mexico worth US$ 399 million, with a partner share of 7.84 percent.
  3. Nicaragua exports to El Salvador worth US$ 333 million, with a partner share of 6.54 percent.
  4. Nicaragua exports to Honduras worth US$ 190 million, with a partner share of 3.74 percent.
  5. Nicaragua exports to Costa Rica worth US$ 153 million, with a partner share of 3.00 percent.

Top five countries from which Nicaragua imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Nicaragua imports from United States worth US$ 1,656 million, with a partner share of 25.31 percent.
  2. Nicaragua imports from China worth US$ 901 million, with a partner share of 13.76 percent.
  3. Nicaragua imports from Mexico worth US$ 691 million, with a partner share of 10.56 percent.
  4. Nicaragua imports from Guatemala worth US$ 555 million, with a partner share of 8.47 percent.
  5. Nicaragua imports from Honduras worth US$ 463 million, with a partner share of 7.07 percent.

Nicaragua Top 5 Productsexports imports at HS 6 digit level 2020

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

  1. Nicaragua exported Gold in unwrought forms non-monetary , worth 666,642.23 (US$ Thousands).
  2. Nicaragua exported Coffee, not roasted or decaffeinated , worth 438,202.08 (US$ Thousands).
  3. Nicaragua exported T-shirts, singlets and other vests, of cotton, , worth 407,326.96 (US$ Thousands).
  4. Nicaragua exported Ignition wiring sets&oth wiring sets of a kind , worth 388,624.63 (US$ Thousands).
  5. Nicaragua exported Frozen boneless bovine meat , worth 276,893.23 (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, etc, (excl. crude); preparation , worth 374,406.26 (US$ Thousands).
  2. Nicaragua imported Other medicaments of mixed or unmixed products, , worth 260,997.26 (US$ Thousands).
  3. Nicaragua imported Weft knits or crocheted fabrics of cotton , worth 257,820.25 (US$ Thousands).
  4. Nicaragua imported T-shirts, singlets and other vests, of cotton, , worth 190,035.45 (US$ Thousands).
  5. Nicaragua imported Petroleum oils and oils obtained from bituminou , worth 188,127.95 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Nicaragua in 2020 are below

  • The maximum rate of tariff in percentage on any product was 82.61 percent.
  • The simple average tariff across all products was 3.26 percent.
  • The trade weighted average tariff was 1.84 .
  • The total duty free imports in thousands of US dollars were 4,870,836.89 and duty free tariff line items share was 63.52 percent.

Development Indicators 2020

Key Development Indicators of Nicaragua in 2020 are below

  • Nicaragua GDP in current US dollar was 12,678 million.
  • GNI per capita, Atlas method (current US$) was 1,760.00 .
  • Nicaragua Trade balance: as % of GDP was -5.12.
  • Trade balance in current US$ was -649.00 million.
  • Trade as percentage of GDP was 88.93 .
  • Trade in services as percentage of GDP was 12.30 .

Trade Indicators 2020

Trade Indicators for Nicaragua in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.40.
  • Index of export market penetration was 2.54.
  • World Growth in percentage was -3.77 and Nicaragua Country Growth was -2.61 .