2023
Exports
$7.87MWorld Rnk 34 / 134
Flag Rnk 68 / 852
2023
PRODUCT COMPLEXITY IN Cocoa Beans
-2.94Rnk 1025 / 1025
2023
Imports
$2.76kWorld Rnk 118 / 159
Flag Rnk 1025 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $7.87M in Cocoa Beans, making it the 34th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 68th most exported product in Nicaragua. The main destination of Cocoa Beans exports from Nicaragua are: Belgium ($3.03M), Guatemala ($1.67M), El Salvador ($1.28M), Netherlands ($647k), and Germany ($402k).

The fastest growing export markets for Cocoa Beans of Nicaragua between 2022 and 2023 were Honduras ($72.1k), United States ($35.1k), and United Arab Emirates ($25.1k).

Imports In 2023, Nicaragua imported $2.76k in Cocoa Beans, becoming the 118th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 1025th most imported product in Nicaragua. Nicaragua imports Cocoa Beans primarily from: Costa Rica ($2.76k).

The fastest growing import markets in Cocoa Beans for Nicaragua between 2022 and 2023 were Costa Rica ($655).

Historical Data

Trade Balance

Color
EXPORTS (2023)$7.87M
IMPORTS (2023)$2.76k
NET TRADE (2023)$7.87M

In 2023, Nicaragua exported $7.87M in Cocoa Beans. The main destinations of Nicaragua exports on Cocoa Beans were Belgium ($3.03M), Guatemala ($1.67M), El Salvador ($1.28M), Netherlands ($647k), and Germany ($402k).

In 2023, Nicaragua imported $2.76k in Cocoa Beans, mainly from Costa Rica ($2.76k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Honduras$72.1k (1.06k%)
United States$35.1k (10.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Nicaragua WERE (2022 - 2023):
Belgium-$3.09M (-50.5%)
Germany-$2.54M (-86.3%)
Italy-$439k (-70.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Nicaragua's main exporting competitors in Cocoa Beans were:
In 2023, 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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