2022
Exports
$686kWorld Rnk 146 / 210
Flag Rnk 189 / 877
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$117MWorld Rnk 131 / 224
Flag Rnk 17 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $686k in Cars, making it the 146th largest exporter of Cars in the world. At the same year, Cars was the 189th most exported product in Nicaragua. The main destination of Cars exports from Nicaragua are: Switzerland ($277k), United States ($136k), Costa Rica ($116k), Guatemala ($30.2k), and Honduras ($29.6k).

The fastest growing export markets for Cars of Nicaragua between 2021 and 2022 were Switzerland ($277k), Colombia ($23.9k), and Brazil ($12.5k).

Imports In 2022, Nicaragua imported $117M in Cars, becoming the 131st largest importer of Cars in the world. At the same year, Cars was the 17th most imported product in Nicaragua. Nicaragua imports Cars primarily from: India ($17.6M), United States ($16.4M), Indonesia ($15.6M), South Korea ($14.4M), and Japan ($13.1M).

The fastest growing import markets in Cars for Nicaragua between 2021 and 2022 were United States ($9.98M), Brazil ($6.78M), and Indonesia ($5.6M).

COMPANIES In 2023, leading companies such as Kontoor Brands (1) were at the forefront of shipping Cars from Nicaragua to the United States.

Latest Trends

Oct 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 Cars. 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 (2022)$686k
IMPORTS (2022)$117M
NET TRADE (2022)-$116M

In 2022, Nicaragua exported $686k in Cars. The main destinations of Nicaragua exports on Cars were Switzerland ($277k), United States ($136k), Costa Rica ($116k), Guatemala ($30.2k), and Honduras ($29.6k).

In 2022, Nicaragua imported $117M in Cars, mainly from India ($17.6M), United States ($16.4M), Indonesia ($15.6M), South Korea ($14.4M), and Japan ($13.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Switzerland$277k (1%)
Colombia$23.9k (1%)
Brazil$12.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Nicaragua WERE (2021 - 2022):
Costa Rica-$87.1k (-42.8%)
United States-$71.3k (-34.4%)
Chinese Taipei-$47.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Cars were:
In 2022, Nicaragua's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $616k
TOP IMPORT POTENTIALUnited States+ $11.2M

Cars’s highest export potential is United States. With an export gap of $616k.   Cars’s highest import potential is United States with an import gap of $11.2M.

See methodology.

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