2022
Exports
$6.19MWorld Rnk 41 / 154
Flag Rnk 79 / 877
2022
PRODUCT COMPLEXITY IN Coconut Oil
-1.71Rnk 972 / 1025
2022
Imports
$659kWorld Rnk 120 / 212
Flag Rnk 590 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $6.19M in Coconut Oil, making it the 41st largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 79th most exported product in Nicaragua. The main destination of Coconut Oil exports from Nicaragua are: Honduras ($4.86M), Netherlands ($602k), Mexico ($447k), Costa Rica ($206k), and El Salvador ($80.5k).

The fastest growing export markets for Coconut Oil of Nicaragua between 2021 and 2022 were Honduras ($2.55M), Netherlands ($259k), and Costa Rica ($206k).

Imports In 2022, Nicaragua imported $659k in Coconut Oil, becoming the 120th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 590th most imported product in Nicaragua. Nicaragua imports Coconut Oil primarily from: Costa Rica ($311k), Honduras ($204k), United States ($111k), France ($11.1k), and Guatemala ($11.1k).

The fastest growing import markets in Coconut Oil for Nicaragua between 2021 and 2022 were Honduras ($142k), Costa Rica ($59.7k), and United States ($31.5k).

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 Coconut Oil. 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)$6.19M
IMPORTS (2022)$659k
NET TRADE (2022)$5.53M

In 2022, Nicaragua exported $6.19M in Coconut Oil. The main destinations of Nicaragua exports on Coconut Oil were Honduras ($4.86M), Netherlands ($602k), Mexico ($447k), Costa Rica ($206k), and El Salvador ($80.5k).

In 2022, Nicaragua imported $659k in Coconut Oil, mainly from Costa Rica ($311k), Honduras ($204k), United States ($111k), France ($11.1k), and Guatemala ($11.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Honduras$2.55M (110%)
Netherlands$259k (75.4%)
Costa Rica$206k (20.6M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Nicaragua WERE (2021 - 2022):
United Kingdom-$772k (-100%)
Germany-$385k (-100%)
Mexico-$326k (-42.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $525k
TOP IMPORT POTENTIALHonduras+ $77.9k

Coconut Oil’s highest export potential is Netherlands. With an export gap of $525k.   Coconut Oil’s highest import potential is Honduras with an import gap of $77.9k.

See methodology.

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