2022
Exports
$25.4kWorld Rnk 143 / 195
Flag Rnk 477 / 877
2022
PRODUCT COMPLEXITY IN Confectionery Sugar
-0.72Rnk 763 / 1025
2022
Imports
$30.5MWorld Rnk 79 / 224
Flag Rnk 68 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $25.4k in Confectionery Sugar, making it the 143rd largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 477th most exported product in Nicaragua. The main destination of Confectionery Sugar exports from Nicaragua are: Honduras ($15.8k), United States ($4.85k), Costa Rica ($2.03k), Guatemala ($1.37k), and El Salvador ($1.37k).

The fastest growing export markets for Confectionery Sugar of Nicaragua between 2021 and 2022 were Costa Rica ($1.86k), El Salvador ($1.37k), and United States ($859).

Imports In 2022, Nicaragua imported $30.5M in Confectionery Sugar, becoming the 79th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 68th most imported product in Nicaragua. Nicaragua imports Confectionery Sugar primarily from: El Salvador ($11.2M), Guatemala ($5.79M), Mexico ($4.12M), Costa Rica ($2.69M), and Honduras ($1.75M).

The fastest growing import markets in Confectionery Sugar for Nicaragua between 2021 and 2022 were Mexico ($2.32M), El Salvador ($2.16M), and Guatemala ($600k).

COMPANIES In 2023, leading companies such as Kontoor Brands (1) were at the forefront of shipping Confectionery Sugar from Nicaragua to the United States.

Latest Trends

Aug 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 Confectionery Sugar. 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)$25.4k
IMPORTS (2022)$30.5M
NET TRADE (2022)-$30.5M

In 2022, Nicaragua exported $25.4k in Confectionery Sugar. The main destinations of Nicaragua exports on Confectionery Sugar were Honduras ($15.8k), United States ($4.85k), Costa Rica ($2.03k), Guatemala ($1.37k), and El Salvador ($1.37k).

In 2022, Nicaragua imported $30.5M in Confectionery Sugar, mainly from El Salvador ($11.2M), Guatemala ($5.79M), Mexico ($4.12M), Costa Rica ($2.69M), and Honduras ($1.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Costa Rica$1.86k (1.15k%)
El Salvador$1.37k (1%)
United States$859 (21.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY Nicaragua WERE (2021 - 2022):
Guatemala-$29.2k (-95.5%)
Netherlands-$3.32k (-100%)
Honduras-$2.21k (-12.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Confectionery Sugar were:
Germany $1.76B
China $1.38B
Mexico $1.12B
In 2022, Nicaragua's main importing competitors in Confectionery Sugar were:

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Trade Value of Confectionery Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $32.8k
TOP IMPORT POTENTIALMexico+ $1.24M

Confectionery Sugar’s highest export potential is United States. With an export gap of $32.8k.   Confectionery Sugar’s highest import potential is Mexico with an import gap of $1.24M.

See methodology.

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