2023
Exports
$3.62MWorld Rnk 67 / 146
Flag Rnk 92 / 852
2023
PRODUCT COMPLEXITY IN Processed Tobacco
-0.78Rnk 777 / 1025
2023
Imports
$4.29MWorld Rnk 111 / 214
Flag Rnk 276 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $3.62M in Processed Tobacco, making it the 67th largest exporter of Processed Tobacco in the world. At the same year, Processed Tobacco was the 92nd most exported product in Nicaragua. The main destination of Processed Tobacco exports from Nicaragua are: Dominican Republic ($1.82M), United States ($1.32M), Honduras ($245k), Spain ($65.6k), and Belgium ($58.5k).

The fastest growing export markets for Processed Tobacco of Nicaragua between 2022 and 2023 were Dominican Republic ($1.26M), United States ($1.21M), and Honduras ($116k).

Imports In 2023, Nicaragua imported $4.29M in Processed Tobacco, becoming the 111th largest importer of Processed Tobacco in the world. At the same year, Processed Tobacco was the 276th most imported product in Nicaragua. Nicaragua imports Processed Tobacco primarily from: United States ($2.39M), Germany ($1.48M), Sri Lanka ($215k), Brazil ($148k), and Honduras ($34.4k).

The fastest growing import markets in Processed Tobacco for Nicaragua between 2022 and 2023 were United States ($62.5k), Sri Lanka ($45k), and China ($28k).

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 Processed Tobacco. 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)$3.62M
IMPORTS (2023)$4.29M
NET TRADE (2023)-$673k

In 2023, Nicaragua exported $3.62M in Processed Tobacco. The main destinations of Nicaragua exports on Processed Tobacco were Dominican Republic ($1.82M), United States ($1.32M), Honduras ($245k), Spain ($65.6k), and Belgium ($58.5k).

In 2023, Nicaragua imported $4.29M in Processed Tobacco, mainly from United States ($2.39M), Germany ($1.48M), Sri Lanka ($215k), Brazil ($148k), and Honduras ($34.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Tobacco EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Dominican Republic$1.26M (224%)
United States$1.21M (1.11k%)
Honduras$116k (89.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Tobacco BY Nicaragua WERE (2022 - 2023):
Belgium-$31k (-34.7%)
Canada-$2.66k (-98.3%)
Netherlands-$814 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Processed Tobacco were:
Italy $1.97B
Romania $1.35B
Germany $1.26B
In 2023, Nicaragua's main importing competitors in Processed Tobacco were:

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Trade Value of Processed Tobacco by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $184k
TOP IMPORT POTENTIALBrazil+ $30k

Processed Tobacco’s highest export potential is United States. With an export gap of $184k.   Processed Tobacco’s highest import potential is Brazil with an import gap of $30k.

See methodology.

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