2023
Exports
$4.82MWorld Rnk 60 / 187
Flag Rnk 78 / 852
2023
PRODUCT COMPLEXITY IN Ink
0.43Rnk 398 / 1025
2023
Imports
$10.5MWorld Rnk 86 / 222
Flag Rnk 170 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $4.82M in Ink, making it the 60th largest exporter of Ink in the world. At the same year, Ink was the 78th most exported product in Nicaragua. The main destination of Ink exports from Nicaragua are: Costa Rica ($1.83M), Honduras ($1.16M), Guatemala ($874k), Dominican Republic ($765k), and Ecuador ($137k).

The fastest growing export markets for Ink of Nicaragua between 2022 and 2023 were Costa Rica ($840k), Ecuador ($137k), and Honduras ($136k).

Imports In 2023, Nicaragua imported $10.5M in Ink, becoming the 86th largest importer of Ink in the world. At the same year, Ink was the 170th most imported product in Nicaragua. Nicaragua imports Ink primarily from: South Korea ($2.32M), Guatemala ($1.94M), United States ($1.04M), Malaysia ($811k), and China ($775k).

The fastest growing import markets in Ink for Nicaragua between 2022 and 2023 were Guatemala ($563k), United Kingdom ($366k), and China ($283k).

Latest Trends

Dec 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 Ink. 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)$4.82M
IMPORTS (2023)$10.5M
NET TRADE (2023)-$5.63M

In 2023, Nicaragua exported $4.82M in Ink. The main destinations of Nicaragua exports on Ink were Costa Rica ($1.83M), Honduras ($1.16M), Guatemala ($874k), Dominican Republic ($765k), and Ecuador ($137k).

In 2023, Nicaragua imported $10.5M in Ink, mainly from South Korea ($2.32M), Guatemala ($1.94M), United States ($1.04M), Malaysia ($811k), and China ($775k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ink EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Costa Rica$840k (85.1%)
Ecuador$137k (1%)
Honduras$136k (13.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ink BY Nicaragua WERE (2022 - 2023):
Dominican Republic-$613k (-44.5%)
United States-$44.8k (-100%)
Guatemala-$23.2k (-2.58%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Ink were:
Germany $1.88B
Japan $1.29B
China $1.14B
In 2023, Nicaragua's main importing competitors in Ink were:

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Trade Value of Ink by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $151k
TOP IMPORT POTENTIALUnited States+ $295k

Ink’s highest export potential is United States. With an export gap of $151k.   Ink’s highest import potential is United States with an import gap of $295k.

See methodology.

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