2023
Exports
$1.14MWorld Rnk 40 / 93
Flag Rnk 143 / 852
falsefalse El Salvador
2023
PRODUCT COMPLEXITY IN Bovine, Sheep, and Goat Fat
-0.68Rnk 756 / 1025
2023
Imports
$152kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $1.14M in Bovine, Sheep, and Goat Fat, making it the 40th largest exporter of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 143rd most exported product in Nicaragua. The main destination of Bovine, Sheep, and Goat Fat exports from Nicaragua are: El Salvador ($980k) and Guatemala ($163k).

The fastest growing export markets for Bovine, Sheep, and Goat Fat of Nicaragua between 2022 and 2023 were Guatemala ($78.9k).

Imports In 2022, Nicaragua imported $152k in Bovine, Sheep, and Goat Fat, becoming the 0th largest importer of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 0th most imported product in Nicaragua. Nicaragua imports Bovine, Sheep, and Goat Fat primarily from: N/A.

Latest Trends

Jan 2025

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 Bovine, Sheep, and Goat Fat. 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)$1.14M
IMPORTS (2022)$152k
NET TRADE (2023)$1.14M

In 2023, Nicaragua exported $1.14M in Bovine, Sheep, and Goat Fat. The main destinations of Nicaragua exports on Bovine, Sheep, and Goat Fat were El Salvador ($980k) and Guatemala ($163k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bovine, Sheep, and Goat Fat EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):Guatemala$78.9k (93.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine, Sheep, and Goat Fat BY Nicaragua WERE (2022 - 2023):
El Salvador-$127k (-11.5%)
Honduras-$28.4k (-100%)
Costa Rica-$28.2k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Bovine, Sheep, and Goat Fat were:
In 2023, Nicaragua's main importing competitors in Bovine, Sheep, and Goat Fat were:

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Trade Value of Bovine, Sheep, and Goat Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHonduras+ $17.2k
TOP IMPORT POTENTIALUnited States+ $1.18k

Bovine, Sheep, and Goat Fat’s highest export potential is Honduras. With an export gap of $17.2k.   Bovine, Sheep, and Goat Fat’s highest import potential is United States with an import gap of $1.18k.

See methodology.

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