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2022
Exports $2.62MWorld Rnk 66 / 197
Flag Rnk 113 / 877
2022
Destination $412k United States
2021 - 2022
FASTEST GROWING MARKET $412kUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Knit Babies' Garments-1.54Rnk 952 / 1025
2022
Imports $695kWorld Rnk 138 / 216
Flag Rnk 580 / 1109
2022
Origin $35.5k China
2021 - 2022
FASTEST GROWING ORIGIN $35.5kUnited States
2022
ECONOMIC COMPLEXITY of Nicaragua-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $2.62M in Knit Babies' Garments, making it the 66th largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 113th most exported product in Nicaragua. The main destination of Knit Babies' Garments exports from Nicaragua are: United States ($922k), Canada ($486k), United Arab Emirates ($459k), Kuwait ($254k), and Singapore ($166k).

The fastest growing export markets for Knit Babies' Garments of Nicaragua between 2021 and 2022 were United Arab Emirates ($412k), United States ($307k), and Kuwait ($251k).

Imports In 2022, Nicaragua imported $695k in Knit Babies' Garments, becoming the 138th largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 580th most imported product in Nicaragua. Nicaragua imports Knit Babies' Garments primarily from: China ($198k), United States ($178k), Spain ($75.6k), Cambodia ($58.3k), and India ($50.5k).

The fastest growing import markets in Knit Babies' Garments for Nicaragua between 2021 and 2022 were United States ($35.5k), Spain ($31.1k), and Cambodia ($20.7k).

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 Knit Babies' Garments. 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)$2.62M
IMPORTS (2022)$695k
NET TRADE (2022)$1.93M

In 2022, Nicaragua exported $2.62M in Knit Babies' Garments. The main destinations of Nicaragua exports on Knit Babies' Garments were United States ($922k), Canada ($486k), United Arab Emirates ($459k), Kuwait ($254k), and Singapore ($166k).

In 2022, Nicaragua imported $695k in Knit Babies' Garments, mainly from China ($198k), United States ($178k), Spain ($75.6k), Cambodia ($58.3k), and India ($50.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
United Arab Emirates$412k (879%)
United States$307k (50%)
Kuwait$251k (7.06k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY Nicaragua WERE (2021 - 2022):
France-$2.13k (-100%)
Saudi Arabia-$1.78k (-100%)
Austria-$1.47k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Knit Babies' Garments were:
China $2.45B
Bangladesh $1.29B
India $1.08B
In 2022, Nicaragua's main importing competitors in Knit Babies' Garments were:
United States $2.31B
Germany $759M
United Kingdom $629M

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.56M
TOP IMPORT POTENTIALChina+ $154k

Knit Babies' Garments’s highest export potential is United States. With an export gap of $1.56M.   Knit Babies' Garments’s highest import potential is China with an import gap of $154k.

See methodology.

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