2023
Exports
$15.1kWorld Rnk 115 / 168
Flag Rnk 509 / 852
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.55Rnk 344 / 1025
2023
Imports
$588kWorld Rnk 147 / 220
Flag Rnk 606 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $15.1k in Unpackaged Medicaments, making it the 115th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 509th most exported product in Nicaragua. The main destination of Unpackaged Medicaments exports from Nicaragua are: Liberia ($14.9k), United States ($166), Costa Rica ($50), and Belize ($35).

The fastest growing export markets for Unpackaged Medicaments of Nicaragua between 2022 and 2023 were Liberia ($14.9k), United States ($166), and Belize ($35).

Imports In 2023, Nicaragua imported $588k in Unpackaged Medicaments, becoming the 147th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 606th most imported product in Nicaragua. Nicaragua imports Unpackaged Medicaments primarily from: Guatemala ($207k), Mexico ($157k), Panama ($79k), El Salvador ($66.2k), and Ecuador ($23.8k).

The fastest growing import markets in Unpackaged Medicaments for Nicaragua between 2022 and 2023 were Mexico ($131k), Ecuador ($23.8k), and Colombia ($12.5k).

Latest Trends

Jan 2025

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 Unpackaged Medicaments. 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)$15.1k
IMPORTS (2023)$588k
NET TRADE (2023)-$573k

In 2023, Nicaragua exported $15.1k in Unpackaged Medicaments. The main destinations of Nicaragua exports on Unpackaged Medicaments were Liberia ($14.9k), United States ($166), Costa Rica ($50), and Belize ($35).

In 2023, Nicaragua imported $588k in Unpackaged Medicaments, mainly from Guatemala ($207k), Mexico ($157k), Panama ($79k), El Salvador ($66.2k), and Ecuador ($23.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Liberia$14.9k (1%)
United States$166 (1%)
Belize$35 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Nicaragua WERE (2022 - 2023):
Honduras-$1.83k (-100%)
Costa Rica-$486 (-90.7%)
Canada-$8 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Unpackaged Medicaments were:
In 2023, Nicaragua's main importing competitors in Unpackaged Medicaments were:

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALHonduras+ $1.19k
TOP IMPORT POTENTIALIndia+ $196k

Unpackaged Medicaments’s highest export potential is Honduras. With an export gap of $1.19k.   Unpackaged Medicaments’s highest import potential is India with an import gap of $196k.

See methodology.

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