2022
Exports
$172MWorld Rnk 23 / 171
Flag Rnk 12 / 877
2022
PRODUCT COMPLEXITY IN Raw Sugar
-1.78Rnk 979 / 1025
2022
Imports
$182kWorld Rnk 203 / 224
Flag Rnk 768 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $172M in Raw Sugar, making it the 23rd largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 12th most exported product in Nicaragua. The main destination of Raw Sugar exports from Nicaragua are: South Korea ($49.6M), United States ($22.3M), Peru ($21.9M), Chinese Taipei ($16.3M), and Haiti ($16.1M).

The fastest growing export markets for Raw Sugar of Nicaragua between 2021 and 2022 were South Korea ($28.3M), Peru ($20M), and Bulgaria ($10.2M).

Imports In 2022, Nicaragua imported $182k in Raw Sugar, becoming the 203rd largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 768th most imported product in Nicaragua. Nicaragua imports Raw Sugar primarily from: United States ($136k), Germany ($34.9k), El Salvador ($6.82k), Guatemala ($4.76k), and China ($85).

The fastest growing import markets in Raw Sugar for Nicaragua between 2021 and 2022 were United States ($96.5k), Germany ($17.2k), and China ($61).

Latest Trends

Sep 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 Raw Sugar. 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)$172M
IMPORTS (2022)$182k
NET TRADE (2022)$172M

In 2022, Nicaragua exported $172M in Raw Sugar. The main destinations of Nicaragua exports on Raw Sugar were South Korea ($49.6M), United States ($22.3M), Peru ($21.9M), Chinese Taipei ($16.3M), and Haiti ($16.1M).

In 2022, Nicaragua imported $182k in Raw Sugar, mainly from United States ($136k), Germany ($34.9k), El Salvador ($6.82k), Guatemala ($4.76k), and China ($85).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
South Korea$28.3M (132%)
Peru$20M (1.06k%)
Bulgaria$10.2M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Nicaragua WERE (2021 - 2022):
United States-$50.5M (-69.4%)
Portugal-$10.2M (-100%)
Chinese Taipei-$3.56M (-18%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Raw Sugar were:
Brazil $11.5B
India $6.03B
In 2022, Nicaragua's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.5M
TOP IMPORT POTENTIALGermany+ $24.4k

Raw Sugar’s highest export potential is United States. With an export gap of $15.5M.   Raw Sugar’s highest import potential is Germany with an import gap of $24.4k.

See methodology.

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