Nicaragua is the 106th largest export economy in the world and the 118th most complex economy according to the Economic Complexity Index (ECI). In 2017, Nicaragua exported $5.34B and imported $7.86B, resulting in a negative trade balance of $2.52B. In 2017 the GDP of Nicaragua was $13.8B and its GDP per capita was $5.84k.
The top exports of Nicaragua are Insulated Wire ($637M), Knit T-shirts ($588M), Coffee ($518M), Gold ($425M) and Frozen Bovine Meat ($302M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Light Rubberized Knitted Fabric ($417M), Packaged Medicaments ($359M), Refined Petroleum ($347M), Insulated Wire ($303M) and Knit T-shirts ($296M).
The top export destinations of Nicaragua are the United States ($3.09B), Mexico ($340M), El Salvador ($275M), Costa Rica ($154M) and Honduras ($154M). The top import origins are the United States ($1.75B), China ($1.16B), Mexico ($1.01B), Honduras ($500M) and Costa Rica ($478M).