2023
Exports
$30.2MWorld Rnk 16 / 139
Flag Rnk 27 / 852
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$68World Rnk 182 / 187
Flag Rnk 1087 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $30.2M in Molasses, making it the 16th largest exporter of Molasses in the world. At the same year, Molasses was the 27th most exported product in Nicaragua. The main destination of Molasses exports from Nicaragua are: United States ($23.5M), Costa Rica ($2.99M), Germany ($1.92M), Spain ($1.38M), and Belgium ($482k).

The fastest growing export markets for Molasses of Nicaragua between 2022 and 2023 were United States ($1.56M), Spain ($1.38M), and Costa Rica ($467k).

Imports In 2023, Nicaragua imported $68 in Molasses, becoming the 182nd largest importer of Molasses in the world. At the same year, Molasses was the 1087th most imported product in Nicaragua. Nicaragua imports Molasses primarily from: China ($68).

The fastest growing import markets in Molasses for Nicaragua between 2022 and 2023 were China ($68).

Historical Data

Trade Balance

Color
EXPORTS (2023)$30.2M
IMPORTS (2023)$68
NET TRADE (2023)$30.2M

In 2023, Nicaragua exported $30.2M in Molasses. The main destinations of Nicaragua exports on Molasses were United States ($23.5M), Costa Rica ($2.99M), Germany ($1.92M), Spain ($1.38M), and Belgium ($482k).

In 2023, Nicaragua imported $68 in Molasses, mainly from China ($68).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
United States$1.56M (7.14%)
Spain$1.38M (1%)
Costa Rica$467k (18.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Nicaragua WERE (2022 - 2023):
Denmark-$2.13M (-100%)
United Kingdom-$1.92M (-100%)
Austria-$9.41k (-50.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Nicaragua's main exporting competitors in Molasses were:
In 2023, Nicaragua's main importing competitors in Molasses were:

Explore Visualizations

Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $729k
TOP IMPORT POTENTIALUnited States+ $528

Molasses’s highest export potential is United Kingdom. With an export gap of $729k.   Molasses’s highest import potential is United States with an import gap of $528.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with