2022
Exports
$706MWorld Rnk 38 / 222
Flag Rnk 4 / 877
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$263MWorld Rnk 69 / 225
Flag Rnk 7 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $706M in Insulated Wire, making it the 38th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 4th most exported product in Nicaragua. The main destination of Insulated Wire exports from Nicaragua are: Mexico ($617M), United States ($87M), Germany ($358k), Canada ($357k), and China ($218k).

The fastest growing export markets for Insulated Wire of Nicaragua between 2021 and 2022 were Mexico ($120M), Canada ($91.9k), and Australia ($55.1k).

Imports In 2022, Nicaragua imported $263M in Insulated Wire, becoming the 69th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 7th most imported product in Nicaragua. Nicaragua imports Insulated Wire primarily from: Mexico ($175M), Honduras ($40.3M), China ($12.9M), United States ($11.5M), and Costa Rica ($8.86M).

The fastest growing import markets in Insulated Wire for Nicaragua between 2021 and 2022 were Honduras ($30.3M), Mexico ($7.69M), and China ($4.9M).

COMPANIES In 2023, leading companies such as Family Tobacco Traders (1) were at the forefront of shipping Insulated Wire from Nicaragua to the United States.

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 Insulated Wire. 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)$706M
IMPORTS (2022)$263M
NET TRADE (2022)$443M

In 2022, Nicaragua exported $706M in Insulated Wire. The main destinations of Nicaragua exports on Insulated Wire were Mexico ($617M), United States ($87M), Germany ($358k), Canada ($357k), and China ($218k).

In 2022, Nicaragua imported $263M in Insulated Wire, mainly from Mexico ($175M), Honduras ($40.3M), China ($12.9M), United States ($11.5M), and Costa Rica ($8.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Mexico$120M (24.2%)
Canada$91.9k (34.6%)
Australia$55.1k (223%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Nicaragua WERE (2021 - 2022):
United States-$718k (-0.82%)
Guatemala-$113k (-77.8%)
Costa Rica-$106k (-98.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Insulated Wire were:
In 2022, Nicaragua's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $110M
TOP IMPORT POTENTIALChina+ $11.7M

Insulated Wire’s highest export potential is United States. With an export gap of $110M.   Insulated Wire’s highest import potential is China with an import gap of $11.7M.

See methodology.

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