2023
Exports
$1.29MWorld Rnk 82 / 185
Flag Rnk 140 / 852
2023
PRODUCT COMPLEXITY IN Light Rubberized Knitted Fabric
-0.42Rnk 672 / 1025
2023
Imports
$360MWorld Rnk 20 / 212
Flag Rnk 5 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $1.29M in Light Rubberized Knitted Fabric, making it the 82nd largest exporter of Light Rubberized Knitted Fabric in the world. At the same year, Light Rubberized Knitted Fabric was the 140th most exported product in Nicaragua. The main destination of Light Rubberized Knitted Fabric exports from Nicaragua are: Guatemala ($861k), United States ($286k), Costa Rica ($106k), El Salvador ($19.3k), and Dominican Republic ($10.8k).

The fastest growing export markets for Light Rubberized Knitted Fabric of Nicaragua between 2022 and 2023 were United States ($277k), Costa Rica ($49.6k), and South Korea ($1.41k).

Imports In 2023, Nicaragua imported $360M in Light Rubberized Knitted Fabric, becoming the 20th largest importer of Light Rubberized Knitted Fabric in the world. At the same year, Light Rubberized Knitted Fabric was the 5th most imported product in Nicaragua. Nicaragua imports Light Rubberized Knitted Fabric primarily from: Guatemala ($151M), China ($58.1M), Honduras ($50.1M), United States ($40.7M), and El Salvador ($15.3M).

The fastest growing import markets in Light Rubberized Knitted Fabric for Nicaragua between 2022 and 2023 were Honduras ($23.1M), Cambodia ($4.21M), and Vietnam ($3.36M).

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 Light Rubberized Knitted Fabric. 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)$1.29M
IMPORTS (2023)$360M
NET TRADE (2023)-$359M

In 2023, Nicaragua exported $1.29M in Light Rubberized Knitted Fabric. The main destinations of Nicaragua exports on Light Rubberized Knitted Fabric were Guatemala ($861k), United States ($286k), Costa Rica ($106k), El Salvador ($19.3k), and Dominican Republic ($10.8k).

In 2023, Nicaragua imported $360M in Light Rubberized Knitted Fabric, mainly from Guatemala ($151M), China ($58.1M), Honduras ($50.1M), United States ($40.7M), and El Salvador ($15.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Light Rubberized Knitted Fabric EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
United States$277k (3.04k%)
Costa Rica$49.6k (88.9%)
South Korea$1.41k (84.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Light Rubberized Knitted Fabric BY Nicaragua WERE (2022 - 2023):
Guatemala-$137k (-13.8%)
Indonesia-$121k (-100%)
Dominican Republic-$21.1k (-66.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Light Rubberized Knitted Fabric were:
In 2023, Nicaragua's main importing competitors in Light Rubberized Knitted Fabric were:

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Trade Value of Light Rubberized Knitted Fabric by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALHonduras+ $925
TOP IMPORT POTENTIALChina+ $12.8k

Light Rubberized Knitted Fabric’s highest export potential is Honduras. With an export gap of $925.   Light Rubberized Knitted Fabric’s highest import potential is China with an import gap of $12.8k.

See methodology.

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