2023
Exports
$858kWorld Rnk 113 / 194
Flag Rnk 161 / 852
2023
PRODUCT COMPLEXITY IN Perfume Plants
-1.84Rnk 985 / 1025
2023
Imports
$4.95MWorld Rnk 67 / 215
Flag Rnk 264 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $858k in Perfume Plants, making it the 113th largest exporter of Perfume Plants in the world. At the same year, Perfume Plants was the 161st most exported product in Nicaragua. The main destination of Perfume Plants exports from Nicaragua are: Guatemala ($407k), El Salvador ($155k), Peru ($116k), Canada ($63.1k), and United States ($52.5k).

The fastest growing export markets for Perfume Plants of Nicaragua between 2022 and 2023 were Guatemala ($219k), El Salvador ($155k), and Peru ($116k).

Imports In 2023, Nicaragua imported $4.95M in Perfume Plants, becoming the 67th largest importer of Perfume Plants in the world. At the same year, Perfume Plants was the 264th most imported product in Nicaragua. Nicaragua imports Perfume Plants primarily from: Nigeria ($4.5M), Costa Rica ($187k), Mexico ($54.5k), United States ($42.3k), and El Salvador ($36.9k).

The fastest growing import markets in Perfume Plants for Nicaragua between 2022 and 2023 were Nigeria ($2.58M), Costa Rica ($41.6k), and China ($23.3k).

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 Perfume Plants. 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)$858k
IMPORTS (2023)$4.95M
NET TRADE (2023)-$4.09M

In 2023, Nicaragua exported $858k in Perfume Plants. The main destinations of Nicaragua exports on Perfume Plants were Guatemala ($407k), El Salvador ($155k), Peru ($116k), Canada ($63.1k), and United States ($52.5k).

In 2023, Nicaragua imported $4.95M in Perfume Plants, mainly from Nigeria ($4.5M), Costa Rica ($187k), Mexico ($54.5k), United States ($42.3k), and El Salvador ($36.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Perfume Plants EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Guatemala$219k (117%)
El Salvador$155k (1%)
Peru$116k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfume Plants BY Nicaragua WERE (2022 - 2023):
Honduras-$27.7k (-60.7%)
Brazil-$894 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Perfume Plants were:
China $988M
India $467M
In 2023, Nicaragua's main importing competitors in Perfume Plants were:

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Trade Value of Perfume Plants by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.3k
TOP IMPORT POTENTIALMexico+ $43.5k

Perfume Plants’s highest export potential is United States. With an export gap of $40.3k.   Perfume Plants’s highest import potential is Mexico with an import gap of $43.5k.

See methodology.

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