Nicaragua

ECON COMPLEXITY (2018)

-1.17

RANK 117 OF 137

PRODUCT EXPORTS (2018)

$5.25B

RANK 111 OF 222

EXPORTS PER CAPITA (2018)

$812

RANK 197 OF 219

PRODUCT IMPORTS (2018)

$6.76B

RANK 117 OF 221

IMPORTS PER CAPITA (2018)

$1.05K

RANK 202 of 219

SERVICE EXPORTS (2015)

$335M

RANK 141 OF 170

SERVICE IMPORTS (2015)

$755M

RANK 133 OF 170

GDP (2018)

$13.1B

CURRENT US$
RANK 132 OF 196

GDP GROWTH (2008-2018)

54.4%

CURRENT US$
RANK 75 OF 196

GDP PC (2018)

$2,029

CURRENT US$
RANK 150 OF 196

GDP PC GROWTH (2008-2018)

35.3%

Overview: This page contains the latest international trade data for Nicaragua, including service trade data, and tariffs. In 2018 Nicaragua was the number 132 economy in the world in terms of GDP (current US$), the number 111 in total exports, the number 117 in total imports, and the number 117 most complex economy according to the Economic Complexity Index (ECI). In 2018, Nicaragua exported $5.25B and imported $6.76B, resulting in a negative trade balance of -$1.52B. In 2018, Nicaragua’s exports per capita were $812 and its imports per capita were $1.05k.

Trade: The top exports of Nicaragua are Knit T-shirts ($629M), Insulated Wire ($537M), Gold ($457M), Coffee ($433M), and Frozen Bovine Meat ($264M). The top imports of Nicaragua are Refined Petroleum ($516M), Light Rubberized Knitted Fabric ($410M), Knit T-shirts ($335M), Crude Petroleum ($260M), and Insulated Wire($222M).

Destinations: Nicaragua exports mostly to United States ($3.14B), Mexico ($289M), El Salvador ($285M), Honduras ($220M), and Costa Rica ($156M), and imports mostly from United States ($1.66B), Mexico ($870M), China ($760M), Honduras ($565M), and Costa Rica($480M).

Location: Nicaragua borders Costa Rica and Honduras by land and Colombia and El Salvador by sea.

Exports

In 2018 Nicaragua exported a total of $5.25B, making it the number 111 exporter in the world. During the last five reported years the exports of Nicaragua have changed by -$1.09B from $6.34B in 2013 to $5.25B in 2018.

The most recent exports are led by Knit T-shirts ($629M), Insulated Wire ($537M), Gold ($457M), Coffee ($433M), and Frozen Bovine Meat ($264M).

Imports

In 2018 Nicaragua imported $6.76B, making it the number 117 trade destination in the world. During the last five reported years the imports of Nicaragua changed by $717M from $6.05B in 2013 to $6.76B in 2018.

The most recent imports of Nicaragua are led by Refined Petroleum ($516M), Light Rubberized Knitted Fabric ($410M), Knit T-shirts ($335M), Crude Petroleum ($260M), and Insulated Wire ($222M).

Trade Balance

As of 2018 Nicaragua had a negative trade balance of $2.52B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $523M in net imports.

Destinations

The most common destination for the exports of Nicaragua are United States ($3.14B), Mexico ($289M), El Salvador ($285M), Honduras ($220M), and Costa Rica ($156M).

Origins

The most common import partners for Nicaragua are United States ($1.66B), Mexico ($870M), China ($760M), Honduras ($565M), and Costa Rica ($480M).