2023
Exports
$2.04MWorld Rnk 68 / 185
Flag Rnk 118 / 852
2023
PRODUCT COMPLEXITY IN Wood Crates
0.31Rnk 454 / 1025
2023
Imports
$10.8MWorld Rnk 48 / 216
Flag Rnk 161 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $2.04M in Wood Crates, making it the 68th largest exporter of Wood Crates in the world. At the same year, Wood Crates was the 118th most exported product in Nicaragua. The main destination of Wood Crates exports from Nicaragua are: Costa Rica ($498k), Guatemala ($449k), El Salvador ($385k), Dominican Republic ($369k), and Honduras ($136k).

The fastest growing export markets for Wood Crates of Nicaragua between 2022 and 2023 were Costa Rica ($415k), Honduras ($35.7k), and Italy ($15.4k).

Imports In 2023, Nicaragua imported $10.8M in Wood Crates, becoming the 48th largest importer of Wood Crates in the world. At the same year, Wood Crates was the 161st most imported product in Nicaragua. Nicaragua imports Wood Crates primarily from: Honduras ($5.79M), China ($3.16M), Costa Rica ($1.01M), Spain ($331k), and Dominican Republic ($227k).

The fastest growing import markets in Wood Crates for Nicaragua between 2022 and 2023 were Honduras ($832k), Costa Rica ($163k), and Spain ($157k).

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 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 (2023)$2.04M
IMPORTS (2023)$10.8M
NET TRADE (2023)-$8.81M

In 2023, Nicaragua exported $2.04M in Wood Crates. The main destinations of Nicaragua exports on Wood Crates were Costa Rica ($498k), Guatemala ($449k), El Salvador ($385k), Dominican Republic ($369k), and Honduras ($136k).

In 2023, Nicaragua imported $10.8M in Wood Crates, mainly from Honduras ($5.79M), China ($3.16M), Costa Rica ($1.01M), Spain ($331k), and Dominican Republic ($227k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Crates EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Costa Rica$415k (504%)
Honduras$35.7k (35.5%)
Italy$15.4k (307k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Crates BY Nicaragua WERE (2022 - 2023):
United States-$402k (-76.2%)
Guatemala-$155k (-25.6%)
El Salvador-$50.5k (-11.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Wood Crates were:
In 2023, 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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