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2022
Exports $55.9MWorld Rnk 24 / 161
Flag Rnk 22 / 877
falsefalse Honduras
2021 - 2022
FASTEST GROWING MARKETfalseUnited Kingdom
2022
PRODUCT COMPLEXITY IN Bananas-1.99Rnk 1001 / 1025
2022
Imports $31.3kWorld Rnk 151 / 196
Flag Rnk 939 / 1109
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Nicaragua-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $55.9M in Bananas, making it the 24th largest exporter of Bananas in the world. At the same year, Bananas was the 22nd most exported product in Nicaragua. The main destination of Bananas exports from Nicaragua are: Honduras ($12.1M), Germany ($7.9M), El Salvador ($5.73M), United Kingdom ($5.6M), and United States ($3.67M).

The fastest growing export markets for Bananas of Nicaragua between 2021 and 2022 were United Kingdom ($3.37M), Costa Rica ($2.23M), and Iraq ($997k).

Imports In 2022, Nicaragua imported $31.3k in Bananas, becoming the 151st largest importer of Bananas in the world. At the same year, Bananas was the 939th most imported product in Nicaragua. Nicaragua imports Bananas primarily from: Costa Rica ($31.3k).

COMPANIES In 2023, leading companies such as Fyffes (6) were at the forefront of shipping Bananas from Nicaragua to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bananas. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$55.9M
IMPORTS (2022)$31.3k
NET TRADE (2022)$55.9M

In 2022, Nicaragua exported $55.9M in Bananas. The main destinations of Nicaragua exports on Bananas were Honduras ($12.1M), Germany ($7.9M), El Salvador ($5.73M), United Kingdom ($5.6M), and United States ($3.67M).

In 2022, Nicaragua imported $31.3k in Bananas, mainly from Costa Rica ($31.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
United Kingdom$3.37M (152%)
Costa Rica$2.23M (193%)
Iraq$997k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Nicaragua WERE (2021 - 2022):
Germany-$22.5M (-74%)
Poland-$2.27M (-86.8%)
United States-$2.15M (-36.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Bananas were:
Ecuador $3.68B
Philippines $1.41B
Costa Rica $1.22B
In 2022, Nicaragua's main importing competitors in Bananas were:
United States $2.7B
China $1.06B
Japan $797M

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.87M
TOP IMPORT POTENTIALCosta Rica+ $50k

Bananas’s highest export potential is United States. With an export gap of $5.87M.   Bananas’s highest import potential is Costa Rica with an import gap of $50k.

See methodology.

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