2022
Exports
$4.52MWorld Rnk 63 / 186
Flag Rnk 93 / 877
2022
PRODUCT COMPLEXITY IN Wood Crates
0.3Rnk 451 / 1025
2022
Imports
$9.69MWorld Rnk 54 / 216
Flag Rnk 168 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $4.52M in Wood Crates, making it the 63rd largest exporter of Wood Crates in the world. At the same year, Wood Crates was the 93rd most exported product in Nicaragua. The main destination of Wood Crates exports from Nicaragua are: Guatemala ($2.35M), United States ($971k), El Salvador ($510k), Dominican Republic ($402k), and Costa Rica ($153k).

The fastest growing export markets for Wood Crates of Nicaragua between 2021 and 2022 were Guatemala ($1.74M), Dominican Republic ($205k), and Belgium ($7.92k).

Imports In 2022, Nicaragua imported $9.69M in Wood Crates, becoming the 54th largest importer of Wood Crates in the world. At the same year, Wood Crates was the 168th most imported product in Nicaragua. Nicaragua imports Wood Crates primarily from: Honduras ($4.78M), China ($2.84M), Costa Rica ($710k), United Kingdom ($613k), and Spain ($275k).

The fastest growing import markets in Wood Crates for Nicaragua between 2021 and 2022 were Honduras ($3.22M), China ($1.7M), and United Kingdom ($613k).

COMPANIES In 2023, leading companies such as Kontoor Brands (1) were at the forefront of shipping Wood Crates from Nicaragua to the United States.

Latest Trends

Sep 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 Crates. 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)$4.52M
IMPORTS (2022)$9.69M
NET TRADE (2022)-$5.16M

In 2022, Nicaragua exported $4.52M in Wood Crates. The main destinations of Nicaragua exports on Wood Crates were Guatemala ($2.35M), United States ($971k), El Salvador ($510k), Dominican Republic ($402k), and Costa Rica ($153k).

In 2022, Nicaragua imported $9.69M in Wood Crates, mainly from Honduras ($4.78M), China ($2.84M), Costa Rica ($710k), United Kingdom ($613k), and Spain ($275k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Crates EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Guatemala$1.74M (283%)
Dominican Republic$205k (104%)
Belgium$7.92k (269%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Crates BY Nicaragua WERE (2021 - 2022):
El Salvador-$143k (-21.9%)
Costa Rica-$93.4k (-37.8%)
Honduras-$93.1k (-48.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wood Crates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $734k
TOP IMPORT POTENTIALCosta Rica+ $161k

Wood Crates’s highest export potential is United States. With an export gap of $734k.   Wood Crates’s highest import potential is Costa Rica with an import gap of $161k.

See methodology.

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