2022
Exports
$107kWorld Rnk 57 / 104
Flag Rnk 331 / 877
2022
PRODUCT COMPLEXITY IN Wood Barrels
0.13Rnk 510 / 1025
2022
Imports
$21.6kWorld Rnk 128 / 188
Flag Rnk 964 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $107k in Wood Barrels, making it the 57th largest exporter of Wood Barrels in the world. At the same year, Wood Barrels was the 331st most exported product in Nicaragua. The main destination of Wood Barrels exports from Nicaragua are: Ireland ($91k), United States ($8.4k), Panama ($5.04k), Guatemala ($2.4k), and Costa Rica ($290).

The fastest growing export markets for Wood Barrels of Nicaragua between 2021 and 2022 were Ireland ($38.6k), United States ($8.4k), and Panama ($5.02k).

Imports In 2022, Nicaragua imported $21.6k in Wood Barrels, becoming the 128th largest importer of Wood Barrels in the world. At the same year, Wood Barrels was the 964th most imported product in Nicaragua. Nicaragua imports Wood Barrels primarily from: Costa Rica ($20.4k), Spain ($603), United States ($580), and China ($8).

The fastest growing import markets in Wood Barrels for Nicaragua between 2021 and 2022 were Costa Rica ($20.4k) and Spain ($603).

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 Wood Barrels. 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)$107k
IMPORTS (2022)$21.6k
NET TRADE (2022)$85.6k

In 2022, Nicaragua exported $107k in Wood Barrels. The main destinations of Nicaragua exports on Wood Barrels were Ireland ($91k), United States ($8.4k), Panama ($5.04k), Guatemala ($2.4k), and Costa Rica ($290).

In 2022, Nicaragua imported $21.6k in Wood Barrels, mainly from Costa Rica ($20.4k), Spain ($603), United States ($580), and China ($8).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Barrels EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Ireland$38.6k (73.8%)
United States$8.4k (1%)
Panama$5.02k (25.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Barrels BY Nicaragua WERE (2021 - 2022):
Ecuador-$1.91k (-100%)
Czechia-$875 (-100%)
Singapore-$400 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Wood Barrels were:
In 2022, Nicaragua's main importing competitors in Wood Barrels were:

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Trade Value of Wood Barrels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.7k
TOP IMPORT POTENTIALUnited States+ $2.04k

Wood Barrels’s highest export potential is United States. With an export gap of $21.7k.   Wood Barrels’s highest import potential is United States with an import gap of $2.04k.

See methodology.

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