2018
Exports
$98.3MWorld Rnk 75 / 160
Flag Rnk 17 / 877
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2018
Imports
$111MWorld Rnk 95 / 222
Flag Rnk 18 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2018, Nicaragua exported $98.3M in Petroleum Gas, making it the 75th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 17th most exported product in Nicaragua. The main destination of Petroleum Gas exports from Nicaragua are: Spain ($97.6M), Guatemala ($449k), and El Salvador ($254k).

The fastest growing export markets for Petroleum Gas of Nicaragua between 2021 and 2022 were Spain ($97.6M), El Salvador ($254k), and Guatemala ($201k).

Imports In 2022, Nicaragua imported $111M in Petroleum Gas, becoming the 95th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 18th most imported product in Nicaragua. Nicaragua imports Petroleum Gas primarily from: El Salvador ($62.3M), United States ($39.8M), Guatemala ($8.53M), China ($49.8k), and Brazil ($40.1k).

The fastest growing import markets in Petroleum Gas for Nicaragua between 2021 and 2022 were El Salvador ($2.67M), Guatemala ($1.63M), and Brazil ($40.1k).

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 Petroleum Gas. 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)$98.3M
IMPORTS (2022)$111M
NET TRADE (2022)-$12.5M

In 2022, Nicaragua exported $98.3M in Petroleum Gas. The main destinations of Nicaragua exports on Petroleum Gas were Spain ($97.6M), Guatemala ($449k), and El Salvador ($254k).

In 2022, Nicaragua imported $111M in Petroleum Gas, mainly from El Salvador ($62.3M), United States ($39.8M), Guatemala ($8.53M), China ($49.8k), and Brazil ($40.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Spain$97.6M (1%)
El Salvador$254k (1%)
Guatemala$201k (80.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Petroleum Gas were:
In 2022, Nicaragua's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $835k
TOP IMPORT POTENTIALUnited States+ $23.5M

Petroleum Gas’s highest export potential is Guatemala. With an export gap of $835k.   Petroleum Gas’s highest import potential is United States with an import gap of $23.5M.

See methodology.

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