2022
Exports
$1BWorld Rnk 14 / 226
Flag Rnk 1 / 877
2022
PRODUCT COMPLEXITY IN Knit T-shirts
-1.34Rnk 921 / 1025
2022
Imports
$667MWorld Rnk 19 / 223
Flag Rnk 2 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $1B in Knit T-shirts, making it the 14th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 1st most exported product in Nicaragua. The main destination of Knit T-shirts exports from Nicaragua are: United States ($708M), Honduras ($259M), Belgium ($13.8M), Mexico ($8.04M), and United Kingdom ($1.4M).

The fastest growing export markets for Knit T-shirts of Nicaragua between 2021 and 2022 were United States ($144M), Honduras ($114M), and Belgium ($13.2M).

Imports In 2022, Nicaragua imported $667M in Knit T-shirts, becoming the 19th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 2nd most imported product in Nicaragua. Nicaragua imports Knit T-shirts primarily from: Honduras ($455M), United States ($135M), Dominican Republic ($38.8M), Guatemala ($13.2M), and India ($11.4M).

The fastest growing import markets in Knit T-shirts for Nicaragua between 2021 and 2022 were Honduras ($327M), United States ($107M), and Dominican Republic ($24.4M).

COMPANIES In 2023, leading companies such as Old Navy (106), Gap (16), and Gildan Activewear (4) were at the forefront of shipping Knit T-shirts from Nicaragua to the United States.

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 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 (2022)$1B
IMPORTS (2022)$667M
NET TRADE (2022)$333M

In 2022, Nicaragua exported $1B in Knit T-shirts. The main destinations of Nicaragua exports on Knit T-shirts were United States ($708M), Honduras ($259M), Belgium ($13.8M), Mexico ($8.04M), and United Kingdom ($1.4M).

In 2022, Nicaragua imported $667M in Knit T-shirts, mainly from Honduras ($455M), United States ($135M), Dominican Republic ($38.8M), Guatemala ($13.2M), and India ($11.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
United States$144M (25.5%)
Honduras$114M (78%)
Belgium$13.2M (2.18k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Nicaragua WERE (2021 - 2022):
Netherlands-$2.55M (-81%)
Australia-$1.23M (-91.4%)
Canada-$761k (-37.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Knit T-shirts were:
In 2022, 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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