2022
Exports
$230kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Recreational Boats
0.24Rnk 483 / 1025
2022
Imports
$1.02MWorld Rnk 147 / 219
Flag Rnk 527 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Imports In 2023, Nicaragua imported $1.02M in Recreational Boats, becoming the 147th largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 527th most imported product in Nicaragua. Nicaragua imports Recreational Boats primarily from: Colombia ($692k), United States ($290k), Japan ($21k), Mexico ($7.72k), and China ($6.58k).

The fastest growing import markets in Recreational Boats for Nicaragua between 2022 and 2023 were Colombia ($692k), Japan ($20.7k), and South Korea ($1.74k).

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 Recreational Boats. 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)$230k
IMPORTS (2023)$1.02M
NET TRADE (2023)-$1.02M

In 2023, Nicaragua imported $1.02M in Recreational Boats, mainly from Colombia ($692k), United States ($290k), Japan ($21k), Mexico ($7.72k), and China ($6.58k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY Nicaragua WERE (N/A - 2022):
Guatemala-$230k (-100%)
El Salvador-$250 (-100%)
Panama-$125 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Recreational Boats were:
In 2023, Nicaragua's main importing competitors in Recreational Boats were:

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.16k
TOP IMPORT POTENTIALMexico+ $50.2k

Recreational Boats’s highest export potential is United States. With an export gap of $2.16k.   Recreational Boats’s highest import potential is Mexico with an import gap of $50.2k.

See methodology.

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