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2022
Exports $2.52kWorld Rnk 172 / 196
Flag Rnk 643 / 877
2022
Destination $377 Costa Rica
2021 - 2022
FASTEST GROWING MARKET $377Honduras
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $180kWorld Rnk 152 / 214
Flag Rnk 772 / 1109
2022
Origin $92.8k United States
2021 - 2022
FASTEST GROWING ORIGIN $92.8kUnited States
2022
ECONOMIC COMPLEXITY of Nicaragua-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $2.52k in Essential Oils, making it the 172nd largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 643rd most exported product in Nicaragua. The main destination of Essential Oils exports from Nicaragua are: Costa Rica ($1.15k), Guatemala ($623), Honduras ($377), Netherlands ($337), and United States ($34).

The fastest growing export markets for Essential Oils of Nicaragua between 2021 and 2022 were Honduras ($377), Netherlands ($336), and Guatemala ($319).

Imports In 2022, Nicaragua imported $180k in Essential Oils, becoming the 152nd largest importer of Essential Oils in the world. At the same year, Essential Oils was the 772nd most imported product in Nicaragua. Nicaragua imports Essential Oils primarily from: United States ($152k), China ($6.51k), Mexico ($5.33k), Guatemala ($4.36k), and Costa Rica ($4.32k).

The fastest growing import markets in Essential Oils for Nicaragua between 2021 and 2022 were United States ($92.8k), Mexico ($5.33k), and Germany ($3.43k).

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 Essential Oils. 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)$2.52k
IMPORTS (2022)$180k
NET TRADE (2022)-$177k

In 2022, Nicaragua exported $2.52k in Essential Oils. The main destinations of Nicaragua exports on Essential Oils were Costa Rica ($1.15k), Guatemala ($623), Honduras ($377), Netherlands ($337), and United States ($34).

In 2022, Nicaragua imported $180k in Essential Oils, mainly from United States ($152k), China ($6.51k), Mexico ($5.33k), Guatemala ($4.36k), and Costa Rica ($4.32k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Honduras$377 (1%)
Netherlands$336 (33.6k%)
Guatemala$319 (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Nicaragua WERE (2021 - 2022):
Costa Rica-$38.8k (-97.1%)
Iceland-$194 (-100%)
Ireland-$66 (-100%)
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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 Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Nicaragua's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCosta Rica+ $1.35k
TOP IMPORT POTENTIALUnited States+ $36.4k

Essential Oils’s highest export potential is Costa Rica. With an export gap of $1.35k.   Essential Oils’s highest import potential is United States with an import gap of $36.4k.

See methodology.

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