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Nicaragua Trade Summary

2022

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 2022

Overall Exports and Imports for Nicaragua 2022

Exports and imports of Nicaragua in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 7,360 million.
  • The total value of imports (CIF) was 11,247 million.
  • At the HS6 digit level, 2,012 products were exported to 123 countries and 3,591 products were imported from 160 countries.

Nicaragua top 5 Export and Import partners 2022

Top five countries to which Nicaragua exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Nicaragua exports to United States worth US$ 3,847 million, with a partner share of 52.27 percent.
  2. Nicaragua exports to Mexico worth US$ 949 million, with a partner share of 12.89 percent.
  3. Nicaragua exports to Honduras worth US$ 541 million, with a partner share of 7.34 percent.
  4. Nicaragua exports to El Salvador worth US$ 437 million, with a partner share of 5.93 percent.
  5. Nicaragua exports to Costa Rica worth US$ 229 million, with a partner share of 3.12 percent.

Top five countries from which Nicaragua imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Nicaragua imports from United States worth US$ 3,027 million, with a partner share of 26.91 percent.
  2. Nicaragua imports from China worth US$ 1,385 million, with a partner share of 12.32 percent.
  3. Nicaragua imports from Honduras worth US$ 1,025 million, with a partner share of 9.11 percent.
  4. Nicaragua imports from Mexico worth US$ 1,004 million, with a partner share of 8.93 percent.
  5. Nicaragua imports from Guatemala worth US$ 838 million, with a partner share of 7.45 percent.

Nicaragua Top 5 Productsexports imports at HS 6 digit level 2022

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 927,423.81 (US$ Thousands).
  2. Nicaragua exported T-shirts, singlets and other vests, of cotton, , worth 738,909.09 (US$ Thousands).
  3. Nicaragua exported Coffee, not roasted or decaffeinated , worth 714,112.67 (US$ Thousands).
  4. Nicaragua exported Ignition wiring sets&oth wiring sets of a kind , worth 710,178.48 (US$ Thousands).
  5. Nicaragua exported Cigars, cheroots and cigarillos containing toba , worth 404,523.39 (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 1,060,223.21 (US$ Thousands).
  2. Nicaragua imported Petroleum oils and oils obtained from bituminou , worth 644,807.48 (US$ Thousands).
  3. Nicaragua imported T-shirts, singlets and other vests, of cotton, , worth 453,839.79 (US$ Thousands).
  4. Nicaragua imported Weft knits or crocheted fabrics of cotton , worth 362,543.14 (US$ Thousands).
  5. Nicaragua imported Other medicaments of mixed or unmixed products, , worth 322,974.53 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Nicaragua in 2022 are below

  • The maximum rate of tariff in percentage on any product was 60 percent.
  • The simple average tariff across all products was 2.98 percent.
  • The trade weighted average tariff was 2.05 .
  • The total duty free imports in thousands of US dollars were 7,370,526.16 and duty free tariff line items share was 70.59 percent.

Development Indicators 2022

Key Development Indicators of Nicaragua in 2022 are below

  • Nicaragua GDP in current US dollar was 15,672 million.
  • GNI per capita, Atlas method (current US$) was 2,090.00 .
  • Nicaragua Trade balance: as % of GDP was -15.62.
  • Trade balance in current US$ was -2,449.00 million.
  • Trade as percentage of GDP was 115.18 .
  • Trade in services as percentage of GDP was 17.05 .

Trade Indicators 2022

Trade Indicators for Nicaragua in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.41.
  • Index of export market penetration was 2.52.
  • World Growth in percentage was 5.18 and Nicaragua Country Growth was 9.77 .