2023
Exports
$303kWorld Rnk 112 / 183
Flag Rnk 234 / 852
2023
PRODUCT COMPLEXITY IN Wood Carpentry
0.039Rnk 545 / 1025
2023
Imports
$3.68MWorld Rnk 127 / 223
Flag Rnk 315 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $303k in Wood Carpentry, making it the 112th largest exporter of Wood Carpentry in the world. At the same year, Wood Carpentry was the 234th most exported product in Nicaragua. The main destination of Wood Carpentry exports from Nicaragua are: United States ($188k), British Virgin Islands ($70.2k), Panama ($34.4k), El Salvador ($5.24k), and Costa Rica ($5.19k).

The fastest growing export markets for Wood Carpentry of Nicaragua between 2022 and 2023 were British Virgin Islands ($70.2k), Panama ($34.2k), and El Salvador ($4.7k).

Imports In 2023, Nicaragua imported $3.68M in Wood Carpentry, becoming the 127th largest importer of Wood Carpentry in the world. At the same year, Wood Carpentry was the 315th most imported product in Nicaragua. Nicaragua imports Wood Carpentry primarily from: Guatemala ($2.89M), Honduras ($244k), United States ($197k), China ($109k), and Brazil ($92.1k).

The fastest growing import markets in Wood Carpentry for Nicaragua between 2022 and 2023 were Guatemala ($761k), Honduras ($136k), and China ($38.7k).

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 Wood Carpentry. 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)$303k
IMPORTS (2023)$3.68M
NET TRADE (2023)-$3.38M

In 2023, Nicaragua exported $303k in Wood Carpentry. The main destinations of Nicaragua exports on Wood Carpentry were United States ($188k), British Virgin Islands ($70.2k), Panama ($34.4k), El Salvador ($5.24k), and Costa Rica ($5.19k).

In 2023, Nicaragua imported $3.68M in Wood Carpentry, mainly from Guatemala ($2.89M), Honduras ($244k), United States ($197k), China ($109k), and Brazil ($92.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Carpentry EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Panama$34.2k (14.6k%)
El Salvador$4.7k (869%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Carpentry BY Nicaragua WERE (2022 - 2023):
United States-$74.2k (-28.3%)
Dominican Republic-$957 (-100%)
Honduras-$186 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Wood Carpentry were:
China $1.68B
Canada $1.68B
In 2023, Nicaragua's main importing competitors in Wood Carpentry were:

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Trade Value of Wood Carpentry by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $374k
TOP IMPORT POTENTIALUnited States+ $195k

Wood Carpentry’s highest export potential is United States. With an export gap of $374k.   Wood Carpentry’s highest import potential is United States with an import gap of $195k.

See methodology.

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