2023
Exports
$3.45MWorld Rnk 42 / 182
Flag Rnk 95 / 852
2023
PRODUCT COMPLEXITY IN Candles
0.37Rnk 429 / 1025
2023
Imports
$1.03MWorld Rnk 110 / 219
Flag Rnk 524 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $3.45M in Candles, making it the 42nd largest exporter of Candles in the world. At the same year, Candles was the 95th most exported product in Nicaragua. The main destination of Candles exports from Nicaragua are: Honduras ($2.42M), El Salvador ($1.03M), United States ($1.55k), Costa Rica ($92), and Panama ($32).

The fastest growing export markets for Candles of Nicaragua between 2022 and 2023 were Honduras ($297k) and Panama ($32).

Imports In 2023, Nicaragua imported $1.03M in Candles, becoming the 110th largest importer of Candles in the world. At the same year, Candles was the 524th most imported product in Nicaragua. Nicaragua imports Candles primarily from: China ($327k), El Salvador ($281k), Dominican Republic ($214k), Mexico ($52.9k), and United States ($38.7k).

The fastest growing import markets in Candles for Nicaragua between 2022 and 2023 were China ($229k), Mexico ($43.8k), and India ($10.1k).

Latest Trends

Jan 2025

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 Candles. 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 (2023)$3.45M
IMPORTS (2023)$1.03M
NET TRADE (2023)$2.42M

In 2023, Nicaragua exported $3.45M in Candles. The main destinations of Nicaragua exports on Candles were Honduras ($2.42M), El Salvador ($1.03M), United States ($1.55k), Costa Rica ($92), and Panama ($32).

In 2023, Nicaragua imported $1.03M in Candles, mainly from China ($327k), El Salvador ($281k), Dominican Republic ($214k), Mexico ($52.9k), and United States ($38.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Candles EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Honduras$297k (14%)
Panama$32 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Candles BY Nicaragua WERE (2022 - 2023):
El Salvador-$18.7k (-1.79%)
United States-$799 (-34%)
Guatemala-$121 (-89.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Candles were:
In 2023, Nicaragua's main importing competitors in Candles were:

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Trade Value of Candles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $25.8k
TOP IMPORT POTENTIALChina+ $101k

Candles’s highest export potential is United States. With an export gap of $25.8k.   Candles’s highest import potential is China with an import gap of $101k.

See methodology.

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