2022
Exports | Imports
$58.9M | $779MWorld Rnk 118 / 214
Flag Rnk 20 / 877
World Rnk 122 / 225
Flag Rnk 1 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-1.03Rnk 107 / 124
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 800 / 1025

About

Exports In 2022, Nicaragua exported $58.9M in Refined Petroleum, making it the 118th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 20th most exported product in Nicaragua. The main destination of Refined Petroleum exports from Nicaragua are: Panama ($33.1M), Greece ($10.7M), Honduras ($7.73M), Costa Rica ($2.85M), and El Salvador ($2.47M).

The fastest growing export markets for Refined Petroleum of Nicaragua between 2021 and 2022 were Greece ($10.7M), Honduras ($6.99M), and Panama ($2M).

Imports In 2022, Nicaragua imported $779M in Refined Petroleum, becoming the 122nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Nicaragua. Nicaragua imports Refined Petroleum primarily from: United States ($588M), Estonia ($55.2M), Netherlands ($49.3M), Panama ($19.7M), and Ecuador ($14.7M).

The fastest growing import markets in Refined Petroleum for Nicaragua between 2021 and 2022 were United States ($262M), Estonia ($54.4M), and Guatemala ($9.47M).

COMPANIES In 2023, leading companies such as FAMILY TOBACCO TRADERS LLC (6) were at the forefront of shipping Refined Petroleum from Nicaragua to the United States.

Latest Trends

Feb 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 Refined Petroleum. 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)$58.9M
IMPORTS (2022)$779M
NET TRADE (2022)-$721M

In 2022, Nicaragua exported $58.9M in Refined Petroleum. The main destinations of Nicaragua exports on Refined Petroleum were Panama ($33.1M), Greece ($10.7M), Honduras ($7.73M), Costa Rica ($2.85M), and El Salvador ($2.47M).

In 2022, Nicaragua imported $779M in Refined Petroleum, mainly from United States ($588M), Estonia ($55.2M), Netherlands ($49.3M), Panama ($19.7M), and Ecuador ($14.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Greece$10.7M (1%)
Honduras$6.99M (943%)
Panama$2M (6.43%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Nicaragua WERE (2021 - 2022):
Singapore-$1.22M (-100%)
United States-$522k (-100%)
Guatemala-$38.7k (-1.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Refined Petroleum were:
In 2022, Nicaragua's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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