2022
Exports
$69.6MWorld Rnk 32 / 207
Flag Rnk 19 / 877
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$2.63MWorld Rnk 138 / 221
Flag Rnk 360 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $69.6M in Knit Men's Suits, making it the 32nd largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 19th most exported product in Nicaragua. The main destination of Knit Men's Suits exports from Nicaragua are: United States ($64M), Panama ($2.16M), Canada ($1.18M), Honduras ($406k), and United Kingdom ($345k).

The fastest growing export markets for Knit Men's Suits of Nicaragua between 2021 and 2022 were Panama ($1.14M), Canada ($1.09M), and United Kingdom ($309k).

Imports In 2022, Nicaragua imported $2.63M in Knit Men's Suits, becoming the 138th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 360th most imported product in Nicaragua. Nicaragua imports Knit Men's Suits primarily from: China ($800k), El Salvador ($787k), Honduras ($425k), United States ($109k), and Spain ($76.3k).

The fastest growing import markets in Knit Men's Suits for Nicaragua between 2021 and 2022 were Honduras ($269k), China ($171k), and Colombia ($26.4k).

Latest Trends

Nov 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 Suits. 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)$69.6M
IMPORTS (2022)$2.63M
NET TRADE (2022)$67M

In 2022, Nicaragua exported $69.6M in Knit Men's Suits. The main destinations of Nicaragua exports on Knit Men's Suits were United States ($64M), Panama ($2.16M), Canada ($1.18M), Honduras ($406k), and United Kingdom ($345k).

In 2022, Nicaragua imported $2.63M in Knit Men's Suits, mainly from China ($800k), El Salvador ($787k), Honduras ($425k), United States ($109k), and Spain ($76.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Panama$1.14M (112%)
Canada$1.09M (1.18k%)
United Kingdom$309k (865%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Nicaragua WERE (2021 - 2022):
United States-$17.9M (-21.8%)
Austria-$693k (-99.9%)
Honduras-$88.5k (-17.9%)

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 Suits were:
In 2022, Nicaragua's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $12.7M
TOP IMPORT POTENTIALChina+ $475k

Knit Men's Suits’s highest export potential is United States. With an export gap of $12.7M.   Knit Men's Suits’s highest import potential is China with an import gap of $475k.

See methodology.

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