2022
Exports
$99.8MWorld Rnk 28 / 149
Flag Rnk 16 / 877
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$86.8MWorld Rnk 69 / 208
Flag Rnk 26 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $99.8M in Palm Oil, making it the 28th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 16th most exported product in Nicaragua. The main destination of Palm Oil exports from Nicaragua are: Mexico ($71.3M), Netherlands ($10.2M), Honduras ($8.31M), El Salvador ($3.54M), and United States ($3.37M).

The fastest growing export markets for Palm Oil of Nicaragua between 2021 and 2022 were Mexico ($20.8M), United States ($1.6M), and Canada ($323).

Imports In 2022, Nicaragua imported $86.8M in Palm Oil, becoming the 69th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 26th most imported product in Nicaragua. Nicaragua imports Palm Oil primarily from: Guatemala ($39.8M), Honduras ($25.9M), Costa Rica ($18.2M), Panama ($1.52M), and El Salvador ($1.42M).

The fastest growing import markets in Palm Oil for Nicaragua between 2021 and 2022 were Honduras ($12M), Costa Rica ($3.52M), and El Salvador ($440k).

Latest Trends

Nov 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 Palm Oil. 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)$99.8M
IMPORTS (2022)$86.8M
NET TRADE (2022)$13M

In 2022, Nicaragua exported $99.8M in Palm Oil. The main destinations of Nicaragua exports on Palm Oil were Mexico ($71.3M), Netherlands ($10.2M), Honduras ($8.31M), El Salvador ($3.54M), and United States ($3.37M).

In 2022, Nicaragua imported $86.8M in Palm Oil, mainly from Guatemala ($39.8M), Honduras ($25.9M), Costa Rica ($18.2M), Panama ($1.52M), and El Salvador ($1.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Mexico$20.8M (41.1%)
United States$1.6M (90.3%)
Canada$323 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Nicaragua WERE (2021 - 2022):
Netherlands-$7.58M (-42.7%)
Colombia-$2.15M (-61.5%)
Germany-$2.07M (-93.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Palm Oil were:
In 2022, Nicaragua's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.38M
TOP IMPORT POTENTIALIndonesia+ $4.57k

Palm Oil’s highest export potential is United States. With an export gap of $5.38M.   Palm Oil’s highest import potential is Indonesia with an import gap of $4.57k.

See methodology.

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