2022
Exports
$298kWorld Rnk 103 / 197
Flag Rnk 242 / 877
2022
PRODUCT COMPLEXITY IN Tea
-1.99Rnk 1002 / 1025
2022
Imports
$589kWorld Rnk 160 / 223
Flag Rnk 605 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $298k in Tea, making it the 103rd largest exporter of Tea in the world. At the same year, Tea was the 242nd most exported product in Nicaragua. The main destination of Tea exports from Nicaragua are: Canada ($255k), United States ($30.2k), Germany ($8.42k), Costa Rica ($3.55k), and Sweden ($370).

The fastest growing export markets for Tea of Nicaragua between 2021 and 2022 were Canada ($56.5k), Germany ($8.38k), and Costa Rica ($3.55k).

Imports In 2022, Nicaragua imported $589k in Tea, becoming the 160th largest importer of Tea in the world. At the same year, Tea was the 605th most imported product in Nicaragua. Nicaragua imports Tea primarily from: Costa Rica ($485k), United States ($34.6k), Mexico ($24.8k), Japan ($23.1k), and Canada ($7.05k).

The fastest growing import markets in Tea for Nicaragua between 2021 and 2022 were Canada ($6.23k), United States ($5.28k), and Spain ($1.22k).

Latest Trends

Oct 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 Tea. 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)$298k
IMPORTS (2022)$589k
NET TRADE (2022)-$292k

In 2022, Nicaragua exported $298k in Tea. The main destinations of Nicaragua exports on Tea were Canada ($255k), United States ($30.2k), Germany ($8.42k), Costa Rica ($3.55k), and Sweden ($370).

In 2022, Nicaragua imported $589k in Tea, mainly from Costa Rica ($485k), United States ($34.6k), Mexico ($24.8k), Japan ($23.1k), and Canada ($7.05k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tea EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Canada$56.5k (28.4%)
Germany$8.38k (23.3k%)
Costa Rica$3.55k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tea BY Nicaragua WERE (2021 - 2022):
United States-$11.6k (-27.8%)
Ireland-$20 (-36.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Tea were:
China $1.77B
Kenya $1.39B
In 2022, Nicaragua's main importing competitors in Tea were:

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Trade Value of Tea by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $71.9k
TOP IMPORT POTENTIALUnited States+ $25.7k

Tea’s highest export potential is United States. With an export gap of $71.9k.   Tea’s highest import potential is United States with an import gap of $25.7k.

See methodology.

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