2023
Exports
$58kWorld Rnk 135 / 194
Flag Rnk 373 / 852
2023
PRODUCT COMPLEXITY IN Essential Oils
-1.17Rnk 872 / 1025
2023
Imports
$121kWorld Rnk 163 / 217
Flag Rnk 803 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $58k in Essential Oils, making it the 135th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 373rd most exported product in Nicaragua. The main destination of Essential Oils exports from Nicaragua are: New Zealand ($43.7k), Guatemala ($14.4k), and Ireland ($5).

The fastest growing export markets for Essential Oils of Nicaragua between 2022 and 2023 were New Zealand ($43.7k), Guatemala ($13.8k), and Ireland ($5).

Imports In 2023, Nicaragua imported $121k in Essential Oils, becoming the 163rd largest importer of Essential Oils in the world. At the same year, Essential Oils was the 803rd most imported product in Nicaragua. Nicaragua imports Essential Oils primarily from: United States ($40.9k), Germany ($27.4k), Costa Rica ($17.4k), Mexico ($10.3k), and Guatemala ($9.11k).

The fastest growing import markets in Essential Oils for Nicaragua between 2022 and 2023 were Germany ($24k), Costa Rica ($10.8k), and Italy ($5.43k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Essential Oils. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$58k
IMPORTS (2023)$121k
NET TRADE (2023)-$62.6k

In 2023, Nicaragua exported $58k in Essential Oils. The main destinations of Nicaragua exports on Essential Oils were New Zealand ($43.7k), Guatemala ($14.4k), and Ireland ($5).

In 2023, Nicaragua imported $121k in Essential Oils, mainly from United States ($40.9k), Germany ($27.4k), Costa Rica ($17.4k), Mexico ($10.3k), and Guatemala ($9.11k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
New Zealand$43.7k (1%)
Guatemala$13.8k (2.21k%)
Ireland$5 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Nicaragua WERE (2022 - 2023):
Costa Rica-$1.15k (-100%)
Honduras-$377 (-100%)
Netherlands-$337 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Nicaragua's main exporting competitors in Essential Oils were:
In 2023, Nicaragua's main importing competitors in Essential Oils were:

Explore Visualizations

Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCosta Rica+ $1.35k
TOP IMPORT POTENTIALUnited States+ $36.4k

Essential Oils’s highest export potential is Costa Rica. With an export gap of $1.35k.   Essential Oils’s highest import potential is United States with an import gap of $36.4k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with