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2023
Flag → Flag
Exports $2.7BRnk 59 / 220
2023
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Top Product $575MCrude Petroleum
2023
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Exports $4.38BRnk 1 / 149
2023
Flag → Flag
Top Product $753MKnit T-shirts
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
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GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
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GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
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GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
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GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
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GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

United States-Nicaragua Trade: In 2023, United States exported $2.7B to Nicaragua. The main products that United States exported to Nicaragua were Crude Petroleum ($575M), Refined Petroleum ($566M), and Other Plastic Products ($92.6M). Over the past 5 years the exports of United States to Nicaragua have increased at an annualized rate of 6.29%, from $1.99B in 2018 to $2.7B in 2023.

In 2017, United States exported services to Nicaragua worth $485M, with Transportation ($192M), Travel ($184M), and Financial services ($48M) being the largest in terms of value.

Nicaragua-United States Trade: In 2023, Nicaragua exported $4.38B to United States. The main products that Nicaragua exported to United States were Knit T-shirts ($753M), Gold ($637M), and Insulated Wire ($505M). Over the past 5 years the exports of Nicaragua to United States have increased at an annualized rate of 4.6%,  from $3.5B in 2018 to $4.38B in 2023.

In 2023, Nicaragua did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Company data: In 2023, leading companies such as Kontoor Brands (573), Family Tobacco Traders (117), and Sucafina (115) were at the forefront of exporting goods from Nicaragua to the United States. Conversely, Other (465), Leewrangler Nicaragua Y Cia Colecti (418), and Leewrangler Nicaragua Y Compania Co (155) were notable for importing products to Nicaragua from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $185M and imported $336M from Nicaragua, resulting in a negative trade balance of $151M. Between November 2023 and November 2024 the exports of United States have decreased by $-20.7M (-10%) from $206M to $185M, while imports increased by $15.7M (4.91%) from $320M to $336M.

Trade In November 2024, the top exports of United States to Nicaragua were Refined Petroleum ($46.7M), Telephones ($14.1M), Crude Petroleum ($13.6M), Knit T-shirts ($7.45M), and Commodities not elsewhere specified ($6.88M). In November 2024 the top imports of United States from Nicaragua were Knit T-shirts ($91.6M), Gold ($81.8M), Insulated Wire ($59.1M), Knit Sweaters ($52.3M), and Non-Knit Men's Suits ($23.4M).

Origins In November 2024 the exports of United States were mainly from Texas ($37.9M), Louisiana ($36.9M), Florida ($32.9M), California ($22.8M), and North Carolina ($8.53M), while imports destinations were mainly Florida ($106M), North Carolina ($49.7M), Texas ($30.9M), Michigan ($26.4M), and California ($24.2M).

Growth In November 2024, the decrease in United States's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Wheat ($-19M or -79.9%), Other Knit Clothing Accessories ($-18.2M or -99.7%), and Corn ($-8.53M or -68.6%). In November 2024, the increase in United States's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Gold ($22.9M or 38.8%), Knit T-shirts ($22.1M or 31.7%), and Insulated Wire ($15.7M or 36.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$-20.7M(-10%)
IMPORT GROWTH (November 2023 - November 2024)$15.7M(4.91%)
MAIN EXPORTER (November 2024)Texas$37.9M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Nicaragua and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nicaragua and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $2.7B to Nicaragua. The main products exported from United States to Nicaragua were Crude Petroleum ($575M), Refined Petroleum ($566M), and Other Plastic Products ($92.6M). During the last 5 years the exports of United States to Nicaragua have increased at an annualized rate of 6.29%, from $1.99B in 2018 to $2.7B in 2023.

In 2018, Nicaragua exported $4.38B to United States. The main products exported from Nicaragua to United States were Knit T-shirts ($753M), Gold ($637M), and Insulated Wire ($505M). During the last 5 years the exports of Nicaragua to United States have increased at an annualized rate of 4.6%, from $3.5B in 2023 to $4.38B in 2018.

Exports from United States (Flag) to Nicaragua (Flag) (2023)

Exports from Nicaragua (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Nicaragua
Top DestinationUnited States$4.38B

This map shows whether countries import more from United States or Nicaragua. Each country is colored based on the difference in imports they receive from United States and Nicaragua or the difference in the growth in imports.

In 2023, countries that imported more from United States than Nicaragua included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, no countries were registered that imported more from Nicaragua than from United States.

Difference in imports from Nicaragua (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Nicaragua

Flow
Scale

This chart compares trade between United States and Nicaragua by product, considering products traded by both, United States and Nicaragua.

During 2023, United States had a large net trade with Nicaragua in the exports of Mineral Products ($1.23B), Textiles ($327M), and Machines ($215M).

During 2018, Nicaragua had a large net trade with United States in the exports of Textiles ($1.81B), Precious Metals ($657M), and Machines ($515M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Nicaragua+$23.5MPetroleum Gas
Top Product Potential Nicaragua United States+$110MInsulated Wire

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Nicaragua. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Nicaragua (Flag) (2023)

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