2023
Exports
$27.4kWorld Rnk 102 / 153
Flag Rnk 444 / 852
falsefalse United States
2023
PRODUCT COMPLEXITY IN Cocoa Powder
-0.7Rnk 759 / 1025
2023
Imports
$606kWorld Rnk 113 / 214
Flag Rnk 603 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $27.4k in Cocoa Powder, making it the 102nd largest exporter of Cocoa Powder in the world. At the same year, Cocoa Powder was the 444th most exported product in Nicaragua. The main destination of Cocoa Powder exports from Nicaragua are: United States ($27.4k).

Imports In 2023, Nicaragua imported $606k in Cocoa Powder, becoming the 113th largest importer of Cocoa Powder in the world. At the same year, Cocoa Powder was the 603rd most imported product in Nicaragua. Nicaragua imports Cocoa Powder primarily from: Mexico ($411k), Costa Rica ($68.5k), Guatemala ($51.5k), Spain ($47.9k), and United States ($17.8k).

The fastest growing import markets in Cocoa Powder for Nicaragua between 2022 and 2023 were Guatemala ($28.2k), Costa Rica ($22.1k), and South Africa ($1.85k).

Latest Trends

Jan 2025

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 Cocoa Powder. 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)$27.4k
IMPORTS (2023)$606k
NET TRADE (2023)-$578k

In 2023, Nicaragua exported $27.4k in Cocoa Powder. The main destinations of Nicaragua exports on Cocoa Powder were United States ($27.4k).

In 2023, Nicaragua imported $606k in Cocoa Powder, mainly from Mexico ($411k), Costa Rica ($68.5k), Guatemala ($51.5k), Spain ($47.9k), and United States ($17.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Powder BY Nicaragua WERE (2022 - 2023):United States-$6.15k (-18.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Cocoa Powder were:
In 2023, Nicaragua's main importing competitors in Cocoa Powder were:

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Trade Value of Cocoa Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $37.7k
TOP IMPORT POTENTIALUnited States+ $23.4k

Cocoa Powder’s highest export potential is United States. With an export gap of $37.7k.   Cocoa Powder’s highest import potential is United States with an import gap of $23.4k.

See methodology.

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