2023
Exports
$1.93kWorld Rnk 151 / 175
Flag Rnk 664 / 852
2023
PRODUCT COMPLEXITY IN Cement
-1.48Rnk 943 / 1025
2023
Imports
$41.1MWorld Rnk 87 / 224
Flag Rnk 54 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $1.93k in Cement, making it the 151st largest exporter of Cement in the world. At the same year, Cement was the 664th most exported product in Nicaragua. The main destination of Cement exports from Nicaragua are: Colombia ($1.56k), Panama ($324), and Costa Rica ($45).

The fastest growing export markets for Cement of Nicaragua between 2022 and 2023 were Colombia ($1.56k) and Panama ($304).

Imports In 2023, Nicaragua imported $41.1M in Cement, becoming the 87th largest importer of Cement in the world. At the same year, Cement was the 54th most imported product in Nicaragua. Nicaragua imports Cement primarily from: Costa Rica ($17.1M), El Salvador ($11.5M), Ecuador ($7.33M), Vietnam ($2.76M), and Honduras ($944k).

The fastest growing import markets in Cement for Nicaragua between 2022 and 2023 were El Salvador ($2.98M), Ecuador ($1.89M), and Algeria ($810k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Cement. 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)$1.93k
IMPORTS (2023)$41.1M
NET TRADE (2023)-$41.1M

In 2023, Nicaragua exported $1.93k in Cement. The main destinations of Nicaragua exports on Cement were Colombia ($1.56k), Panama ($324), and Costa Rica ($45).

In 2023, Nicaragua imported $41.1M in Cement, mainly from Costa Rica ($17.1M), El Salvador ($11.5M), Ecuador ($7.33M), Vietnam ($2.76M), and Honduras ($944k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Colombia$1.56k (1%)
Panama$304 (1.52k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Nicaragua WERE (2022 - 2023):
Costa Rica-$413 (-90.2%)
El Salvador-$108 (-100%)
Switzerland-$60 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Cement were:
Turkey $1.65B
Vietnam $1.58B
Egypt $841M
In 2023, Nicaragua's main importing competitors in Cement were:

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Trade Value of Cement by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $950
TOP IMPORT POTENTIALVietnam+ $711k

Cement’s highest export potential is United States. With an export gap of $950.   Cement’s highest import potential is Vietnam with an import gap of $711k.

See methodology.

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