2023
Exports
$1.34MWorld Rnk 98 / 190
Flag Rnk 138 / 852
2023
PRODUCT COMPLEXITY IN Packing Bags
-1.73Rnk 976 / 1025
2023
Imports
$12MWorld Rnk 82 / 222
Flag Rnk 149 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $1.34M in Packing Bags, making it the 98th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 138th most exported product in Nicaragua. The main destination of Packing Bags exports from Nicaragua are: Honduras ($492k), El Salvador ($336k), Guatemala ($309k), Senegal ($75.4k), and Panama ($59.9k).

The fastest growing export markets for Packing Bags of Nicaragua between 2022 and 2023 were Honduras ($135k), Senegal ($75.4k), and Panama ($59.9k).

Imports In 2023, Nicaragua imported $12M in Packing Bags, becoming the 82nd largest importer of Packing Bags in the world. At the same year, Packing Bags was the 149th most imported product in Nicaragua. Nicaragua imports Packing Bags primarily from: Guatemala ($6.59M), India ($2.5M), Vietnam ($1.02M), El Salvador ($655k), and Honduras ($444k).

The fastest growing import markets in Packing Bags for Nicaragua between 2022 and 2023 were Guatemala ($1.07M), India ($895k), and China ($111k).

Latest Trends

Dec 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 Packing Bags. 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)$1.34M
IMPORTS (2023)$12M
NET TRADE (2023)-$10.7M

In 2023, Nicaragua exported $1.34M in Packing Bags. The main destinations of Nicaragua exports on Packing Bags were Honduras ($492k), El Salvador ($336k), Guatemala ($309k), Senegal ($75.4k), and Panama ($59.9k).

In 2023, Nicaragua imported $12M in Packing Bags, mainly from Guatemala ($6.59M), India ($2.5M), Vietnam ($1.02M), El Salvador ($655k), and Honduras ($444k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Honduras$135k (37.8%)
Senegal$75.4k (1%)
Panama$59.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Nicaragua WERE (2022 - 2023):
Rwanda-$58.3k (-100%)
El Salvador-$28.8k (-7.9%)
Haiti-$25.3k (-58.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Packing Bags were:
China $1.42B
India $1.14B
In 2023, Nicaragua's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $36.4k
TOP IMPORT POTENTIALIndia+ $765k

Packing Bags’s highest export potential is Italy. With an export gap of $36.4k.   Packing Bags’s highest import potential is India with an import gap of $765k.

See methodology.

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