2023
Exports
$9.22kWorld Rnk 110 / 160
Flag Rnk 549 / 852
2023
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.73Rnk 765 / 1025
2023
Imports
$4.28MWorld Rnk 84 / 221
Flag Rnk 277 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $9.22k in Pure Olive Oil, making it the 110th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 549th most exported product in Nicaragua. The main destination of Pure Olive Oil exports from Nicaragua are: Guatemala ($9.01k) and Netherlands ($212).

The fastest growing export markets for Pure Olive Oil of Nicaragua between N/A and 2023 were Guatemala ($9.01k) and Netherlands ($212).

Imports In 2023, Nicaragua imported $4.28M in Pure Olive Oil, becoming the 84th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 277th most imported product in Nicaragua. Nicaragua imports Pure Olive Oil primarily from: Spain ($3.74M), Italy ($259k), Costa Rica ($116k), United States ($79.2k), and Tunisia ($59.2k).

The fastest growing import markets in Pure Olive Oil for Nicaragua between 2022 and 2023 were Spain ($1.48M), Costa Rica ($113k), and Italy ($86.3k).

COMPANIES In 2024, leading companies such as Rothfos (3) and Lawrence Wholesale (1) were at the forefront of shipping Pure Olive Oil from Nicaragua to the United States.

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 Pure Olive 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 (2023)$9.22k
IMPORTS (2023)$4.28M
NET TRADE (2023)-$4.27M

In 2023, Nicaragua exported $9.22k in Pure Olive Oil. The main destinations of Nicaragua exports on Pure Olive Oil were Guatemala ($9.01k) and Netherlands ($212).

In 2023, Nicaragua imported $4.28M in Pure Olive Oil, mainly from Spain ($3.74M), Italy ($259k), Costa Rica ($116k), United States ($79.2k), and Tunisia ($59.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Nicaragua WERE (N/A - 2023):
Guatemala$9.01k (1%)
Netherlands$212 (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Pure Olive Oil were:
Spain $4.69B
Italy $2.14B
Greece $1.35B
In 2023, Nicaragua's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $593
TOP IMPORT POTENTIALTunisia+ $83.2k

Pure Olive Oil’s highest export potential is United States. With an export gap of $593.   Pure Olive Oil’s highest import potential is Tunisia with an import gap of $83.2k.

See methodology.

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