2022
Exports
$30.7kWorld Rnk 84 / 147
Flag Rnk 458 / 877
2022
PRODUCT COMPLEXITY IN Cinnamon
-1.8Rnk 982 / 1025
2022
Imports
$1.82MWorld Rnk 66 / 211
Flag Rnk 418 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $30.7k in Cinnamon, making it the 84th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 458th most exported product in Nicaragua. The main destination of Cinnamon exports from Nicaragua are: Costa Rica ($27k), Honduras ($2.06k), United States ($1.69k), and Guatemala ($2).

The fastest growing export markets for Cinnamon of Nicaragua between 2021 and 2022 were Costa Rica ($27k), United States ($708), and Guatemala ($2).

Imports In 2022, Nicaragua imported $1.82M in Cinnamon, becoming the 66th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 418th most imported product in Nicaragua. Nicaragua imports Cinnamon primarily from: Sri Lanka ($1.51M), Guatemala ($67.4k), El Salvador ($66.9k), Spain ($45.8k), and Costa Rica ($44.5k).

The fastest growing import markets in Cinnamon for Nicaragua between 2021 and 2022 were Costa Rica ($33k), Vietnam ($16.4k), and India ($10k).

Latest Trends

Sep 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 Cinnamon. 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)$30.7k
IMPORTS (2022)$1.82M
NET TRADE (2022)-$1.79M

In 2022, Nicaragua exported $30.7k in Cinnamon. The main destinations of Nicaragua exports on Cinnamon were Costa Rica ($27k), Honduras ($2.06k), United States ($1.69k), and Guatemala ($2).

In 2022, Nicaragua imported $1.82M in Cinnamon, mainly from Sri Lanka ($1.51M), Guatemala ($67.4k), El Salvador ($66.9k), Spain ($45.8k), and Costa Rica ($44.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Costa Rica$27k (299k%)
United States$708 (72.4%)
Guatemala$2 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Nicaragua WERE (2021 - 2022):Honduras-$9.09k (-81.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cinnamon by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.22k
TOP IMPORT POTENTIALVietnam+ $31.1k

Cinnamon’s highest export potential is United States. With an export gap of $6.22k.   Cinnamon’s highest import potential is Vietnam with an import gap of $31.1k.

See methodology.

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