2022
Exports
$983kWorld Rnk 40 / 92
Flag Rnk 168 / 877
2022
PRODUCT COMPLEXITY IN Looms
0.9Rnk 209 / 1025
2022
Imports
$1.48MWorld Rnk 67 / 159
Flag Rnk 451 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $983k in Looms, making it the 40th largest exporter of Looms in the world. At the same year, Looms was the 168th most exported product in Nicaragua. The main destination of Looms exports from Nicaragua are: India ($983k).

The fastest growing export markets for Looms of Nicaragua between 2021 and 2022 were India ($983k).

Imports In 2022, Nicaragua imported $1.48M in Looms, becoming the 67th largest importer of Looms in the world. At the same year, Looms was the 451st most imported product in Nicaragua. Nicaragua imports Looms primarily from: Belgium ($1.46M), China ($13.9k), United States ($8.3k), Costa Rica ($10), and Panama ($1).

The fastest growing import markets in Looms for Nicaragua between 2021 and 2022 were Belgium ($1.46M), United States ($3.99k), and Costa Rica ($10).

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 Looms. 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)$983k
IMPORTS (2022)$1.48M
NET TRADE (2022)-$500k

In 2022, Nicaragua exported $983k in Looms. The main destinations of Nicaragua exports on Looms were India ($983k).

In 2022, Nicaragua imported $1.48M in Looms, mainly from Belgium ($1.46M), China ($13.9k), United States ($8.3k), Costa Rica ($10), and Panama ($1).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Looms EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):India$983k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Looms BY Nicaragua WERE (2021 - 2022):El Salvador-$618 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Looms were:
In 2022, Nicaragua's main importing competitors in Looms were:
India $694M
China $284M

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Trade Value of Looms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $206k
TOP IMPORT POTENTIALChina+ $31.1k

Looms’s highest export potential is India. With an export gap of $206k.   Looms’s highest import potential is China with an import gap of $31.1k.

See methodology.

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