2023
Exports
$1.17BWorld Rnk 31 / 223
Flag Rnk 2 / 852
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$296MWorld Rnk 60 / 225
Flag Rnk 6 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $1.17B in Insulated Wire, making it the 31st largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 2nd most exported product in Nicaragua. The main destination of Insulated Wire exports from Nicaragua are: Mexico ($667M), United States ($505M), Canada ($502k), El Salvador ($495k), and Brazil ($333k).

The fastest growing export markets for Insulated Wire of Nicaragua between 2022 and 2023 were Mexico ($135M), United States ($123M), and El Salvador ($449k).

Imports In 2023, Nicaragua imported $296M in Insulated Wire, becoming the 60th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 6th most imported product in Nicaragua. Nicaragua imports Insulated Wire primarily from: Mexico ($161M), Honduras ($67.9M), United States ($28.8M), China ($14.8M), and Costa Rica ($10.5M).

The fastest growing import markets in Insulated Wire for Nicaragua between 2022 and 2023 were Honduras ($27.7M), Philippines ($1.72M), and Costa Rica ($778k).

Latest Trends

Jan 2025

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 Insulated Wire. 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)$1.17B
IMPORTS (2023)$296M
NET TRADE (2023)$878M

In 2023, Nicaragua exported $1.17B in Insulated Wire. The main destinations of Nicaragua exports on Insulated Wire were Mexico ($667M), United States ($505M), Canada ($502k), El Salvador ($495k), and Brazil ($333k).

In 2023, Nicaragua imported $296M in Insulated Wire, mainly from Mexico ($161M), Honduras ($67.9M), United States ($28.8M), China ($14.8M), and Costa Rica ($10.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Mexico$135M (25.3%)
United States$123M (32.1%)
El Salvador$449k (966%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Nicaragua WERE (2022 - 2023):
Germany-$218k (-60.9%)
South Korea-$83.5k (-100%)
Australia-$41.2k (-51.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Insulated Wire were:
In 2023, Nicaragua's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $110M
TOP IMPORT POTENTIALChina+ $11.7M

Insulated Wire’s highest export potential is United States. With an export gap of $110M.   Insulated Wire’s highest import potential is China with an import gap of $11.7M.

See methodology.

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