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Pricing

2022
Flag → Flag
Exports $2.72BRnk 65 / 219
2022
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Top Product $588MRefined Petroleum
2022
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Exports $4.09BRnk 1 / 148
2022
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Top Product $916MGold
2022
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Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
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Economic Complexity (ECI) ECI -1.03Rnk 107 / 124
2022
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GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
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GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
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GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

United States-Nicaragua In 2022, United States exported $2.72B to Nicaragua. The main products that United States exported to Nicaragua are Refined Petroleum ($588M), Crude Petroleum ($331M), and Knit T-shirts ($135M). During the last 27 years the exports of United States to Nicaragua have increased at an annualized rate of 7.79%, from $359M in 1995 to $2.72B in 2022.

In 2017, United States exported services to Nicaragua worth $485M, with Transportation ($192M), Travel ($184M), and Financial services ($48M) being the largest in terms of value.

Nicaragua-United States In 2022, Nicaragua exported $4.09B to United States. The main products that Nicaragua exported to United States were Gold ($916M), Knit T-shirts ($708M), and Rolled Tobacco ($345M). During the last 27 years the exports of Nicaragua to United States have increased at an annualized rate of 10.3%, from $292M in 1995 to $4.09B in 2022.

In 2022, Nicaragua did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03), and 111 in total exports ($7.92B).

COMPANIES In 2023, leading companies such as OLD NAVY (CANADA) INC (2.22k), ROBERT BOSCH TOOL CORPORATION (1.01k), and FAMILY TOBACCO TRADERS LLC (702) were at the forefront of exporting goods from Nicaragua to the United States. Conversely, ISTMO TEXTILES S.A (2.22k), BIKO MECCANICA SRL (1.01k), and DREW ESTATE TOBACCO COMPANY SA (372) were notable for importing Nicaragua products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $264M and imported $319M from Nicaragua, resulting in a negative trade balance of $55.1M. Between January 2023 and January 2024 the exports of United States have increased by $94.7M (55.8%) from $170M to $264M, while imports decreased by $-128M (-28.6%) from $448M to $319M.

Trade In January 2024, the top exports of United States to Nicaragua were Refined Petroleum ($46.7M), Telephones ($14.1M), Crude Petroleum ($13.6M), Knit T-shirts ($7.45M), and Commodities not elsewhere specified ($6.88M). In January 2024 the top imports of United States from Nicaragua were Knit T-shirts ($91.6M), Gold ($81.8M), Insulated Wire ($59.1M), Knit Sweaters ($52.3M), and Non-Knit Men's Suits ($23.4M).

Origins In January 2024 the exports of United States were mainly from Florida ($102M), Texas ($46.1M), Ohio ($41M), California ($19.4M), and Louisiana ($9.08M), while imports destinations were mainly Florida ($86.1M), Texas ($61.9M), North Carolina ($49.9M), California ($19.6M), and Michigan ($12.6M).

Growth In January 2024, the increase in United States's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Knit T-shirts ($5.13M or 221%), Refined Petroleum ($2.56M or 5.8%), and Knit Sweaters ($2.33M or 1.38k%). In January 2024, the decrease in United States's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in Raw Sugar ($-29.5M or -98.4%), Frozen Bovine Meat ($-8.29M or -31.1%), and Crustaceans ($-4.43M or -73.4%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)$94.7M(55.8%)
IMPORT GROWTH (January 2023 - January 2024)$-128M(-28.6%)
MAIN EXPORTER (January 2024)Florida$102M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Nicaragua and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $2.72B to Nicaragua. The main products exported from United States to Nicaragua were Refined Petroleum ($588M), Crude Petroleum ($331M), and Knit T-shirts ($135M). During the last 27 years the exports of United States to Nicaragua have increased at an annualized rate of 7.79%, from $359M in 1995 to $2.72B in 2022.

In 2022, Nicaragua exported $4.09B to United States. The main products exported from Nicaragua to United States were Gold ($916M), Knit T-shirts ($708M), and Rolled Tobacco ($345M). During the last 27 years the exports of Nicaragua to United States have increased at an annualized rate of 10.3%, from $292M in 1995 to $4.09B in 2022.

Exports from United States (Flag) to Nicaragua (Flag) (2022)

Exports from Nicaragua (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Nicaragua
Top DestinationUnited States$4.09B

This map shows whether countries import more from United States or Nicaragua. Each country is colored based on the difference in imports they receive from United States and Nicaragua or the difference in the growth in imports.

In 2021, countries that imported more from United States than Nicaragua were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Nicaragua than United States were North Korea ($36.2k).

Difference in imports from Nicaragua (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Nicaragua

Flow
Scale

This chart compares trade between United States and Nicaragua by product, considering products traded by both, United States and Nicaragua.

During 2022, United States had a large net trade with Nicaragua in the exports of Mineral Products ($977M), Textiles ($540M), and Machines ($309M).

During 2022, Nicaragua had a large net trade with United States in the exports of Textiles ($1.63B), Precious Metals ($962M), and Animal Products ($468M).

Service Trade

Bilateral Service Trade

In 2017, United States exported services to Nicaragua worth $485M, with Transportation ($192M), Travel ($184M), and Financial services ($48M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Nicaragua (Flag) (2017)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Nicaragua. Similarly, the more yellow a dot/product is, the more Nicaragua has comparative advantage over United States.

Product Space of United States (Flag) and Nicaragua (Flag) (2022)

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