2022
Exports
$449World Rnk 129 / 145
Flag Rnk 750 / 877
2022
PRODUCT COMPLEXITY IN Electrical Insulators
0.63Rnk 303 / 1025
2022
Imports
$1.49MWorld Rnk 104 / 207
Flag Rnk 450 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $449 in Electrical Insulators, making it the 129th largest exporter of Electrical Insulators in the world. At the same year, Electrical Insulators was the 750th most exported product in Nicaragua. The main destination of Electrical Insulators exports from Nicaragua are: Costa Rica ($449).

The fastest growing export markets for Electrical Insulators of Nicaragua between 2021 and 2022 were Costa Rica ($449).

Imports In 2022, Nicaragua imported $1.49M in Electrical Insulators, becoming the 104th largest importer of Electrical Insulators in the world. At the same year, Electrical Insulators was the 450th most imported product in Nicaragua. Nicaragua imports Electrical Insulators primarily from: China ($686k), Portugal ($456k), Colombia ($91.7k), United States ($78k), and Peru ($34.8k).

The fastest growing import markets in Electrical Insulators for Nicaragua between 2021 and 2022 were Portugal ($456k), Canada ($25.3k), and Italy ($18k).

Latest Trends

Oct 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 Electrical Insulators. 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)$449
IMPORTS (2022)$1.49M
NET TRADE (2022)-$1.49M

In 2022, Nicaragua exported $449 in Electrical Insulators. The main destinations of Nicaragua exports on Electrical Insulators were Costa Rica ($449).

In 2022, Nicaragua imported $1.49M in Electrical Insulators, mainly from China ($686k), Portugal ($456k), Colombia ($91.7k), United States ($78k), and Peru ($34.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Insulators EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):Costa Rica$449 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Insulators BY Nicaragua WERE (2021 - 2022):
Guatemala-$59.5k (-100%)
El Salvador-$38.4k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Electrical Insulators were:
In 2022, Nicaragua's main importing competitors in Electrical Insulators were:

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Trade Value of Electrical Insulators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $625
TOP IMPORT POTENTIALChina+ $121k

Electrical Insulators’s highest export potential is United States. With an export gap of $625.   Electrical Insulators’s highest import potential is China with an import gap of $121k.

See methodology.

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