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2022
Flag → Flag
Exports $2.72BRnk 65 / 219
2022
Flag → Flag
Top Product $588MRefined Petroleum
2022
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Exports $4.67BRnk 1 / 148
2022
Flag → Flag
Top Product $916MGold
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
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GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
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GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
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GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

United States-Nicaragua Trade: In 2022, United States exported $2.72B to Nicaragua. The main products that United States exported to Nicaragua were Refined Petroleum ($588M), Crude Petroleum ($331M), and Knit T-shirts ($135M). Over the past 5 years the exports of United States to Nicaragua have increased at an annualized rate of 12%, from $1.54B in 2017 to $2.72B in 2022.

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 2022, Nicaragua exported $4.09B to United States. The main products that Nicaragua exported to United States were Gold ($916M), Knit T-shirts ($708M), and Rolled Tobacco ($345M). Over the past 5 years the exports of Nicaragua to United States have increased at an annualized rate of 6.53%,  from $2.98B in 2017 to $4.09B in 2022.

In 2022, Nicaragua did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

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 (463), 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

August, 2024

About

Overview In August 2024, United States exported $256M and imported $429M from Nicaragua, resulting in a negative trade balance of $173M. Between August 2023 and August 2024 the exports of United States have increased by $64.1M (33.4%) from $192M to $256M, while imports increased by $34.8M (8.82%) from $394M to $429M.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from Texas ($95.8M), Florida ($35.3M), Louisiana ($34.4M), California ($21.1M), and Washington ($11.3M), while imports destinations were mainly Florida ($117M), North Carolina ($61.6M), Texas ($54.3M), Michigan ($31.9M), and California ($31.6M).

Growth In August 2024, the increase in United States's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Knit T-shirts ($5.13M or 221%), Refined Petroleum ($2.56M or 5.8%), and Knit Sweaters ($2.33M or 1.38k%). In August 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 (August 2023 - August 2024)$64.1M(33.4%)
IMPORT GROWTH (August 2023 - August 2024)$34.8M(8.82%)
MAIN EXPORTER (August 2024)Texas$95.8M

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 2022, United States exported $2.72B to Nicaragua. The main products exported from United States to Nicaragua were Refined Petroleum ($588M), Crude Petroleum ($331M), and Knit T-shirts ($135M). During the last 5 years the exports of United States to Nicaragua have increased at an annualized rate of 4.72%, from $640M in 2017 to $2.72B in 2022.

In 2017, Nicaragua exported $4.09B to United States. The main products exported from Nicaragua to United States were Gold ($916M), Knit T-shirts ($708M), and Rolled Tobacco ($345M). During the last 5 years the exports of Nicaragua to United States have increased at an annualized rate of 10.3%, from $2.86B in 2022 to $4.09B in 2017.

Exports from United States (Flag) to Nicaragua (Flag) (2022)

Exports from Nicaragua (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Nicaragua
Top DestinationUnited States$4.09B

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 2022, countries that imported more from United States than Nicaragua included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Nicaragua than United States included North Korea ($36.2k).

Difference in imports from Nicaragua (Flag) and United States (Flag) (2022)

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 2022, United States had a large net trade with Nicaragua in the exports of Mineral Products ($977M), Textiles ($540M), and Machines ($309M).

During 2017, Nicaragua had a large net trade with United States in the exports of Textiles ($1.63B), Precious Metals ($962M), and Animal Products ($468M).

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) (2022)

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