2022
Exports
$34.1kWorld Rnk 166 / 216
Flag Rnk 446 / 877
2022
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.33Rnk 86 / 1025
2022
Imports
$7.75MWorld Rnk 132 / 224
Flag Rnk 202 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $34.1k in Other Electrical Machinery, making it the 166th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 446th most exported product in Nicaragua. The main destination of Other Electrical Machinery exports from Nicaragua are: Costa Rica ($12.1k), Guatemala ($7.65k), Thailand ($4.7k), Dominican Republic ($4.4k), and United States ($3.98k).

The fastest growing export markets for Other Electrical Machinery of Nicaragua between 2021 and 2022 were Guatemala ($4.25k), United States ($552), and Singapore ($134).

Imports In 2022, Nicaragua imported $7.75M in Other Electrical Machinery, becoming the 132nd largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 202nd most imported product in Nicaragua. Nicaragua imports Other Electrical Machinery primarily from: China ($3.83M), United States ($1.05M), Australia ($673k), Costa Rica ($576k), and El Salvador ($256k).

The fastest growing import markets in Other Electrical Machinery for Nicaragua between 2021 and 2022 were United States ($375k), Costa Rica ($261k), and China ($69.2k).

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 Other Electrical Machinery. 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)$34.1k
IMPORTS (2022)$7.75M
NET TRADE (2022)-$7.72M

In 2022, Nicaragua exported $34.1k in Other Electrical Machinery. The main destinations of Nicaragua exports on Other Electrical Machinery were Costa Rica ($12.1k), Guatemala ($7.65k), Thailand ($4.7k), Dominican Republic ($4.4k), and United States ($3.98k).

In 2022, Nicaragua imported $7.75M in Other Electrical Machinery, mainly from China ($3.83M), United States ($1.05M), Australia ($673k), Costa Rica ($576k), and El Salvador ($256k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Guatemala$4.25k (125%)
United States$552 (16.1%)
Singapore$134 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Nicaragua WERE (2021 - 2022):
Australia-$43.6k (-100%)
Mexico-$38.5k (-100%)
Thailand-$35.1k (-88.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Other Electrical Machinery were:
In 2022, Nicaragua's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $49.2k
TOP IMPORT POTENTIALChina+ $1.05M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $49.2k.   Other Electrical Machinery’s highest import potential is China with an import gap of $1.05M.

See methodology.

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