2023
Exports
$1World Rnk 149 / 150
Flag Rnk 849 / 852
falsefalse Netherlands
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$575MWorld Rnk 62 / 159
Flag Rnk 2 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $1 in Crude Petroleum, making it the 149th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 849th most exported product in Nicaragua. The main destination of Crude Petroleum exports from Nicaragua are: Netherlands ($1).

The fastest growing export markets for Crude Petroleum of Nicaragua between N/A and 2023 were Netherlands ($1).

Imports In 2023, Nicaragua imported $575M in Crude Petroleum, becoming the 62nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Nicaragua. Nicaragua imports Crude Petroleum primarily from: United States ($575M).

Latest Trends

Dec 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 Crude Petroleum. 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)$1
IMPORTS (2023)$575M
NET TRADE (2023)-$575M

In 2023, Nicaragua exported $1 in Crude Petroleum. The main destinations of Nicaragua exports on Crude Petroleum were Netherlands ($1).

In 2023, Nicaragua imported $575M in Crude Petroleum, mainly from United States ($575M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Nicaragua WERE (N/A - 2023):Netherlands$1 (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Crude Petroleum were:
In 2023, Nicaragua's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.24k
TOP IMPORT POTENTIALRussia+ $7.17k

Crude Petroleum’s highest export potential is China. With an export gap of $1.24k.   Crude Petroleum’s highest import potential is Russia with an import gap of $7.17k.

See methodology.

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