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2022
Exports $44.4MWorld Rnk 33 / 200
Flag Rnk 25 / 877
2022
Destination $19.5M United States
2021 - 2022
FASTEST GROWING MARKET $19.5MUnited States
2022
PRODUCT COMPLEXITY IN Knit Men's Shirts-1.58Rnk 957 / 1025
2022
Imports $4.44MWorld Rnk 92 / 222
Flag Rnk 278 / 1109
2022
Origin $509k El Salvador
2021 - 2022
FASTEST GROWING ORIGIN $509kEl Salvador
2022
ECONOMIC COMPLEXITY of Nicaragua-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $44.4M in Knit Men's Shirts, making it the 33rd largest exporter of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 25th most exported product in Nicaragua. The main destination of Knit Men's Shirts exports from Nicaragua are: United States ($42.9M), Honduras ($672k), Chile ($149k), Thailand ($111k), and Costa Rica ($98.4k).

The fastest growing export markets for Knit Men's Shirts of Nicaragua between 2021 and 2022 were United States ($19.5M), Panama ($81.5k), and Chile ($51.7k).

Imports In 2022, Nicaragua imported $4.44M in Knit Men's Shirts, becoming the 92nd largest importer of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 278th most imported product in Nicaragua. Nicaragua imports Knit Men's Shirts primarily from: El Salvador ($1.87M), China ($1.21M), India ($343k), Guatemala ($213k), and Honduras ($119k).

The fastest growing import markets in Knit Men's Shirts for Nicaragua between 2021 and 2022 were El Salvador ($509k), China ($222k), and India ($202k).

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 Men's Shirts. 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)$44.4M
IMPORTS (2022)$4.44M
NET TRADE (2022)$39.9M

In 2022, Nicaragua exported $44.4M in Knit Men's Shirts. The main destinations of Nicaragua exports on Knit Men's Shirts were United States ($42.9M), Honduras ($672k), Chile ($149k), Thailand ($111k), and Costa Rica ($98.4k).

In 2022, Nicaragua imported $4.44M in Knit Men's Shirts, mainly from El Salvador ($1.87M), China ($1.21M), India ($343k), Guatemala ($213k), and Honduras ($119k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Shirts EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
United States$19.5M (83.2%)
Panama$81.5k (593%)
Chile$51.7k (53.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Shirts BY Nicaragua WERE (2021 - 2022):
Honduras-$443k (-39.8%)
Costa Rica-$89.5k (-47.7%)
Mexico-$87k (-76.7%)
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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 Men's Shirts were:
Bangladesh $1.44B
China $1.42B
Vietnam $920M
In 2022, Nicaragua's main importing competitors in Knit Men's Shirts were:
United States $2.7B
Germany $804M
United Kingdom $512M

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Trade Value of Knit Men's Shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.1M
TOP IMPORT POTENTIALChina+ $333k

Knit Men's Shirts’s highest export potential is United States. With an export gap of $10.1M.   Knit Men's Shirts’s highest import potential is China with an import gap of $333k.

See methodology.

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