2023
Exports
$743kWorld Rnk 136 / 210
Flag Rnk 174 / 852
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$192MWorld Rnk 125 / 225
Flag Rnk 9 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $743k in Cars, making it the 136th largest exporter of Cars in the world. At the same year, Cars was the 174th most exported product in Nicaragua. The main destination of Cars exports from Nicaragua are: Costa Rica ($248k), United States ($197k), Guatemala ($169k), El Salvador ($59.6k), and South Korea ($20k).

The fastest growing export markets for Cars of Nicaragua between 2022 and 2023 were Guatemala ($138k), Costa Rica ($118k), and United States ($80.3k).

Imports In 2023, Nicaragua imported $192M in Cars, becoming the 125th largest importer of Cars in the world. At the same year, Cars was the 9th most imported product in Nicaragua. Nicaragua imports Cars primarily from: Indonesia ($34.3M), Japan ($32.1M), India ($26.2M), South Korea ($23.4M), and United States ($18.8M).

The fastest growing import markets in Cars for Nicaragua between 2022 and 2023 were Indonesia ($18.4M), Japan ($16.2M), and India ($9.18M).

COMPANIES In 2024, leading companies such as Kontoor Brands (3) and Family Tobacco Traders (1) were at the forefront of shipping Cars from Nicaragua to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 (2023)$743k
IMPORTS (2023)$192M
NET TRADE (2023)-$191M

In 2023, Nicaragua exported $743k in Cars. The main destinations of Nicaragua exports on Cars were Costa Rica ($248k), United States ($197k), Guatemala ($169k), El Salvador ($59.6k), and South Korea ($20k).

In 2023, Nicaragua imported $192M in Cars, mainly from Indonesia ($34.3M), Japan ($32.1M), India ($26.2M), South Korea ($23.4M), and United States ($18.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Guatemala$138k (459%)
Costa Rica$118k (90.6%)
United States$80.3k (68.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Nicaragua WERE (2022 - 2023):
Switzerland-$277k (-100%)
Colombia-$23.9k (-100%)
Honduras-$23.6k (-79.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, 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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