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Nicaragua Trade

Latest trade data available from various sources.
Nicaragua monthly trade data
Nicaragua quarterly trade data

Please note: The data from various sources are not from the same year.

Year
For viewing trade, tariff data for country or region by year click here .
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

Overall Exports and Imports for Nicaragua 2022

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

Top 5 Products exports 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:

  • Nicaragua exported Gold in unwrought forms non-monetary , worth 927,423.81 (US$ Thousands).
  • Nicaragua exported T-shirts, singlets and other vests, of cotton, , worth 738,909.09 (US$ Thousands).
  • Nicaragua exported Coffee, not roasted or decaffeinated , worth 714,112.67 (US$ Thousands).
  • Nicaragua exported Ignition wiring sets&oth wiring sets of a kind , worth 710,178.48 (US$ Thousands).
  • 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

  • Nicaragua imported Petroleum oils, etc, (excl. crude); preparation , worth 1,060,223.21 (US$ Thousands).
  • Nicaragua imported Petroleum oils and oils obtained from bituminou , worth 644,807.48 (US$ Thousands).
  • Nicaragua imported T-shirts, singlets and other vests, of cotton, , worth 453,839.79 (US$ Thousands).
  • Nicaragua imported Weft knits or crocheted fabrics of cotton , worth 362,543.14 (US$ Thousands).
  • Nicaragua imported Other medicaments of mixed or unmixed products, , worth 322,974.53 (US$ Thousands).

Nicaragua top 5 Export and Import partners 2022

The top five countries to which Nicaragua exported 2022 along with the partner share in percentage are:

  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.

The top five countries to which Nicaragua imported goods 2022 along with the share in percentage are

  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 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.


Tariff and Trade Barriers

Tariffs 2022

Tariffs imposed by Nicaragua in 2022 are below.

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

Overall Trade Restrictiveness Index (OTRI) 2009

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  • Overall Trade Restrictiveness Index - Applied Tariff for the year 2009 is 0.12.
  • Overall Trade Restrictiveness Index - MFN Tariff for the year 2009 is 0.15.

Non-Tariff Measures (NTM)

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  • No Of NTM Measures is 55.
  • No Of NTM Affected Products (HS 6 Digit) is 1,026.

Temporary Trade Barriers Database (TTDB) .

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  • Temporary Trade Barriers in Effect - Simple Average for the year is not available.
  • Temporary Trade Barriers in Effect - Weighted Average for the year is not available.

Nicaragua World Development Indicators (WDI) 2022

Key Development Indicators of Nicaragua in 2022 are below

WDI

Nicaragua Doing Business 2019

  • The ease of doing business rank for Nicaragua is 142.
  • The trade across border rank is 84.
Doing Business

Nicaragua Country Policy and Institutional Assessment (CPIA), 2018

  • The CPIA Trade Ratings for 2018 is 4.50.
CPIA

NicaraguaLogistics Performance Index (LPI) 2016

  • The LPI score for Nicaragua in 2016 is 2.53.
  • The LPI rank is 102.
LPI

Nicaragua Services Service Policy Restrictive Database (SPRD)

  • Services Trade Restrictions Index (Over All) for Nicaragua is 12.80.
SPRD