2022
Exports
$11.8MWorld Rnk 30 / 125
Flag Rnk 62 / 877
2022
PRODUCT COMPLEXITY IN Cocoa Beans
-2.82Rnk 1025 / 1025
2022
Imports
$2.09kWorld Rnk 119 / 159
Flag Rnk 1046 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $11.8M in Cocoa Beans, making it the 30th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 62nd most exported product in Nicaragua. The main destination of Cocoa Beans exports from Nicaragua are: Belgium ($6.12M), Guatemala ($1.64M), El Salvador ($1.39M), Netherlands ($1.03M), and Italy ($550k).

The fastest growing export markets for Cocoa Beans of Nicaragua between 2021 and 2022 were Netherlands ($738k), Guatemala ($160k), and Switzerland ($139k).

Imports In 2022, Nicaragua imported $2.09k in Cocoa Beans, becoming the 119th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 1046th most imported product in Nicaragua. Nicaragua imports Cocoa Beans primarily from: Costa Rica ($2.08k) and Switzerland ($11).

The fastest growing import markets in Cocoa Beans for Nicaragua between 2021 and 2022 were Costa Rica ($549).

Historical Data

Trade Balance

Color
EXPORTS (2022)$11.8M
IMPORTS (2022)$2.09k
NET TRADE (2022)$11.8M

In 2022, Nicaragua exported $11.8M in Cocoa Beans. The main destinations of Nicaragua exports on Cocoa Beans were Belgium ($6.12M), Guatemala ($1.64M), El Salvador ($1.39M), Netherlands ($1.03M), and Italy ($550k).

In 2022, Nicaragua imported $2.09k in Cocoa Beans, mainly from Costa Rica ($2.08k) and Switzerland ($11).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Netherlands$738k (250%)
Guatemala$160k (10.8%)
Switzerland$139k (1.55k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Nicaragua WERE (2021 - 2022):
Italy-$375k (-40.6%)
Germany-$212k (-48.8%)
Spain-$131k (-64.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Nicaragua's main exporting competitors in Cocoa Beans were:
In 2022, Nicaragua's main importing competitors in Cocoa Beans were:

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $852k
TOP IMPORT POTENTIALCote d'Ivoire+ $628

Cocoa Beans’s highest export potential is Netherlands. With an export gap of $852k.   Cocoa Beans’s highest import potential is Cote d'Ivoire with an import gap of $628.

See methodology.

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