2021
Exports
$172kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Knitting Machines
1.1Rnk 135 / 1025
2021
Imports
$254kWorld Rnk 119 / 191
Flag Rnk 726 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Imports In 2022, Nicaragua imported $254k in Knitting Machines, becoming the 119th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 726th most imported product in Nicaragua. Nicaragua imports Knitting Machines primarily from: China ($193k), Guatemala ($29.6k), South Korea ($18k), United States ($6.08k), and Mexico ($5.63k).

The fastest growing import markets in Knitting Machines for Nicaragua between 2021 and 2022 were China ($52.9k), Guatemala ($20k), and South Korea ($18k).

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 Knitting Machines. 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 (2021)$172k
IMPORTS (2022)$254k
NET TRADE (2022)-$254k

In 2022, Nicaragua imported $254k in Knitting Machines, mainly from China ($193k), Guatemala ($29.6k), South Korea ($18k), United States ($6.08k), and Mexico ($5.63k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Nicaragua WERE (N/A - 2021):
Guatemala-$166k (-100%)
El Salvador-$6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Knitting Machines were:
China $1.28B
Japan $411M
In 2022, Nicaragua's main importing competitors in Knitting Machines were:

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $408
TOP IMPORT POTENTIALChina+ $64k

Knitting Machines’s highest export potential is United States. With an export gap of $408.   Knitting Machines’s highest import potential is China with an import gap of $64k.

See methodology.

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