Nicaragua Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Nicaragua monthly trade data
Nicaragua quarterly trade data

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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.

TRADE SUMMARY FOR Nicaragua

2022

Overall Exports and Imports

Exports
Exports (in US$ Mil) 7,360
No. Of products 2,012
No. Of partners 123
Imports
Imports (in US$ Mil) 11,247
No. Of products 3,591
No. Of partners 160

Trade Indicator

HH Market concentration index0.41
Index of export market penetration2.52
World Growth5.18
Country Growth9.77

Service Indicators 2022

Service imports (BoP, current US$)1,112,500,000.00
Service exports (BoP, current US$)1,559,800,000.00
Imports of goods and services (% of GDP)65.40
Exports of goods and services (% of GDP)49.78

Nicaragua top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States3,847 52.27
Mexico949 12.89
Honduras541 7.34
El Salvador437 5.93
Costa Rica229 3.12
Exporter Trade (US$ Mil) Partner share(%)
United States3,027 26.91
China1,385 12.32
Honduras1,025 9.11
Mexico1,004 8.93
Guatemala838 7.45

Nicaragua Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials2,078 28.23 1,321 11.74 1.50
Intermediate goods1,665 22.63 2,687 23.90 2.78
Consumer goods3,570 48.50 5,760 51.21 1.75
Capital goods47 0.64 1,479 13.15 1.55

Top 5 Products exports imports at HS 6 digit level

Exports
Gold in unwrought fo ...927,423.81
T-shirts, singlets a ...738,909.09
Coffee, not roasted ...714,112.67
Ignition wiring sets ...710,178.48
Cigars, cheroots and ...404,523.39
Imports
Petroleum oils, etc, ...1,060,223.21
Petroleum oils and o ...644,807.48
T-shirts, singlets a ...453,839.79
Weft knits or croche ...362,543.14
Other medicaments of ...322,974.53

Tariff and Trade Barriers for Nicaragua

Tariffs 2022

No. Of Tariff Agreement 13
Simple Average (%) 2.98
Duty Free Imports (US$ Thousand) 7,370,526.16
Maximum Rate (%) 60
Weighted Average (%) 2.05
Duty Free Tariff Lines Share (%) 70.59

Overall Trade Restrictiveness Index (OTRI) 2009

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff (2009)0.15
Overall Trade Restrictiveness Index - Applied Tariff (2009)0.12

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All12.80

Non-Tariff Measures (NTM) 2014

No Of NTM Measures (2014)55
No Of NTM Affected Products (HS 6 Digit) (2014)1,026

Temporary Trade Barriers Database (TTDB)

TTDB »
Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2022 WDI »
Population6,465,513
GDP (current US$ Mil)15,672
GNI per capita, Atlas method (current US$)2,090.00
Trade Balance (current US$ Mil)-2,449.00
Trade Balance (% of GDP)-15.62

Doing Business

2019 Doing Business »
Ease of Doing Business Rank142
Trading Across Borders Rank84

Country Policy and Institutional Assessment (CPIA)

2018 CPIA »
CPIA Trade Ratings4.50

Logistics Performance Index (LPI)

2016 LPI »
LPI Score2.53
LPI Rank102