2023
Exports
$31.7kWorld Rnk 155 / 217
Flag Rnk 430 / 852
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.46Rnk 52 / 1025
2023
Imports
$9.13MWorld Rnk 125 / 225
Flag Rnk 188 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $31.7k in Other Electrical Machinery, making it the 155th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 430th most exported product in Nicaragua. The main destination of Other Electrical Machinery exports from Nicaragua are: United States ($13.2k), Costa Rica ($7.07k), Honduras ($2.44k), South Africa ($2.18k), and Guatemala ($1.93k).

The fastest growing export markets for Other Electrical Machinery of Nicaragua between 2022 and 2023 were United States ($9.23k), South Africa ($2.15k), and Honduras ($1.87k).

Imports In 2023, Nicaragua imported $9.13M in Other Electrical Machinery, becoming the 125th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 188th most imported product in Nicaragua. Nicaragua imports Other Electrical Machinery primarily from: China ($6.2M), Slovakia ($800k), United States ($383k), Mexico ($289k), and Czechia ($278k).

The fastest growing import markets in Other Electrical Machinery for Nicaragua between 2022 and 2023 were China ($846k), Slovakia ($800k), and Czechia ($173k).

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 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 (2023)$31.7k
IMPORTS (2023)$9.13M
NET TRADE (2023)-$9.09M

In 2023, Nicaragua exported $31.7k in Other Electrical Machinery. The main destinations of Nicaragua exports on Other Electrical Machinery were United States ($13.2k), Costa Rica ($7.07k), Honduras ($2.44k), South Africa ($2.18k), and Guatemala ($1.93k).

In 2023, Nicaragua imported $9.13M in Other Electrical Machinery, mainly from China ($6.2M), Slovakia ($800k), United States ($383k), Mexico ($289k), and Czechia ($278k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
United States$9.23k (232%)
South Africa$2.15k (5.96k%)
Honduras$1.87k (331%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Nicaragua WERE (2022 - 2023):
Guatemala-$5.72k (-74.8%)
Dominican Republic-$3.38k (-76.8%)
Thailand-$3.06k (-72.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Other Electrical Machinery were:
In 2023, 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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N/AN/AN/A
TOP IMPORT POTENTIALChina+ $1.05M

Other Electrical Machinery’s highest export potential is N/A. With an export gap of N/A.   Other Electrical Machinery’s highest import potential is China with an import gap of $1.05M.

See methodology.

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