2023
Exports
$986MWorld Rnk 11 / 225
Flag Rnk 3 / 852
2023
PRODUCT COMPLEXITY IN Knit T-shirts
-1.53Rnk 948 / 1025
2023
Imports
$488MWorld Rnk 21 / 225
Flag Rnk 3 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $986M in Knit T-shirts, making it the 11th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 3rd most exported product in Nicaragua. The main destination of Knit T-shirts exports from Nicaragua are: United States ($753M), Honduras ($103M), Mexico ($68.9M), Canada ($18.8M), and United Kingdom ($9.35M).

The fastest growing export markets for Knit T-shirts of Nicaragua between 2022 and 2023 were Mexico ($49.2M), El Salvador ($5.76M), and Australia ($1.48M).

Imports In 2023, Nicaragua imported $488M in Knit T-shirts, becoming the 21st largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 3rd most imported product in Nicaragua. Nicaragua imports Knit T-shirts primarily from: Honduras ($356M), India ($73.6M), Dominican Republic ($21.2M), United States ($14.4M), and China ($8.89M).

The fastest growing import markets in Knit T-shirts for Nicaragua between 2022 and 2023 were India ($48.2M), China ($1.16M), and Haiti ($911k).

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 Knit T-shirts. 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)$986M
IMPORTS (2023)$488M
NET TRADE (2023)$498M

In 2023, Nicaragua exported $986M in Knit T-shirts. The main destinations of Nicaragua exports on Knit T-shirts were United States ($753M), Honduras ($103M), Mexico ($68.9M), Canada ($18.8M), and United Kingdom ($9.35M).

In 2023, Nicaragua imported $488M in Knit T-shirts, mainly from Honduras ($356M), India ($73.6M), Dominican Republic ($21.2M), United States ($14.4M), and China ($8.89M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Mexico$49.2M (249%)
El Salvador$5.76M (193%)
Australia$1.48M (99.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Nicaragua WERE (2022 - 2023):
United States-$266M (-26.1%)
Honduras-$156M (-60.1%)
Belgium-$5.7M (-41.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Knit T-shirts were:
China $8.58B
Turkey $2.98B
In 2023, Nicaragua's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $11.9M
TOP IMPORT POTENTIALIndia+ $8.22M

Knit T-shirts’s highest export potential is Mexico. With an export gap of $11.9M.   Knit T-shirts’s highest import potential is India with an import gap of $8.22M.

See methodology.

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