HS Icon Frozen Bovine Meat in  Flag Nicaragua

2019
Exports | Imports
: $293M | $518k, World Rnk 14 / 131
Flag Rnk 5 / 869 | World Rnk 178 / 220
Flag Rnk 546 / 1114

2019
ECONOMIC COMPLEXITY of Nicaragua
: -1.06, Rnk 126 / 147

2019
PRODUCT COMPLEXITY  IN Frozen Bovine Meat
: -0.8, Rnk 780 / 1029

Exports In 2019, Nicaragua exported $293M in Frozen Bovine Meat, making it the 14th largest exporter of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 5th most exported product in Nicaragua. The main destination of Frozen Bovine Meat exports from Nicaragua are: United States ($237M), Chinese Taipei ($18.2M), Guatemala ($15M), El Salvador ($14.8M), and Costa Rica ($5.83M).

The fastest growing export markets for Frozen Bovine Meat of Nicaragua between 2018 and 2019 were United States ($43.1M), El Salvador ($3.29M), and Chinese Taipei ($2.9M).

Imports In 2019, Nicaragua imported $518k in Frozen Bovine Meat, becoming the 178th largest importer of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 546th most imported product in Nicaragua. Nicaragua imports Frozen Bovine Meat primarily from: United States ($518k).

Tariffs In 2018, the average tariff for Nicaragua in Frozen Bovine Meat was 28.9%. The countries with the highest import tariffs for Frozen Bovine Meat were Angola (Most Favoured Nation duty rate treatement, 30%), Burundi (Most Favoured Nation duty rate treatement, 30%), Benin (Most Favoured Nation duty rate treatement, 30%), Burkina Faso (Most Favoured Nation duty rate treatement, 30%), and Botswana (Most Favoured Nation duty rate treatement, 30%).

Historical Data

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EXPORTS (2019): $293M

IMPORTS (2019): $518k

NET TRADE (2019): $293M

In 2019, Nicaragua exported $293M in Frozen Bovine Meat. The main destinations of Nicaragua exports on Frozen Bovine Meat were United States ($237M), Chinese Taipei ($18.2M), Guatemala ($15M), El Salvador ($14.8M), and Costa Rica ($5.83M).

In 2019, Nicaragua imported $518k in Frozen Bovine Meat, mainly from United States ($518k).

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IN 2019, Nicaragua HAD A POSITIVE NET TRADE IN Frozen Bovine Meat WITH:: United States , $236M ($237M - $518k)

Flow

THE FASTEST GROWING Frozen Bovine Meat EXPORT MARKETS FOR Nicaragua WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Bovine Meat BY Nicaragua WERE (2018 - 2019):

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Market Concentration

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In 2019, Nicaragua's main exporting competitors in Frozen Bovine Meat were:

In 2019, Nicaragua's main importing competitors in Frozen Bovine Meat were:

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Tariffs by Country

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In 2018, the average tariff for Nicaragua in Frozen Bovine Meat was 28.9%.

The countries with the highest tariffs for Frozen Bovine Meat in Nicaragua were Angola (Most Favoured Nation duty rate treatement, 30%), Burundi (Most Favoured Nation duty rate treatement, 30%), Benin (Most Favoured Nation duty rate treatement, 30%), Burkina Faso (Most Favoured Nation duty rate treatement, 30%), and Botswana (Most Favoured Nation duty rate treatement, 30%).