2022
Exports
$28MWorld Rnk 62 / 215
Flag Rnk 33 / 877
2022
PRODUCT COMPLEXITY IN Knit Women's Suits
-1.27Rnk 900 / 1025
2022
Imports
$3.1MWorld Rnk 144 / 220
Flag Rnk 327 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $28M in Knit Women's Suits, making it the 62nd largest exporter of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 33rd most exported product in Nicaragua. The main destination of Knit Women's Suits exports from Nicaragua are: United States ($27M), Canada ($409k), Kuwait ($168k), Germany ($51.9k), and Costa Rica ($51.3k).

The fastest growing export markets for Knit Women's Suits of Nicaragua between 2021 and 2022 were Canada ($361k), Kuwait ($162k), and Germany ($43.2k).

Imports In 2022, Nicaragua imported $3.1M in Knit Women's Suits, becoming the 144th largest importer of Knit Women's Suits in the world. At the same year, Knit Women's Suits was the 327th most imported product in Nicaragua. Nicaragua imports Knit Women's Suits primarily from: China ($973k), United States ($685k), Spain ($208k), Bangladesh ($173k), and Turkey ($160k).

The fastest growing import markets in Knit Women's Suits for Nicaragua between 2021 and 2022 were United States ($334k), Guatemala ($81k), and Indonesia ($71.1k).

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 Women'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)$28M
IMPORTS (2022)$3.1M
NET TRADE (2022)$24.9M

In 2022, Nicaragua exported $28M in Knit Women's Suits. The main destinations of Nicaragua exports on Knit Women's Suits were United States ($27M), Canada ($409k), Kuwait ($168k), Germany ($51.9k), and Costa Rica ($51.3k).

In 2022, Nicaragua imported $3.1M in Knit Women's Suits, mainly from China ($973k), United States ($685k), Spain ($208k), Bangladesh ($173k), and Turkey ($160k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Suits EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Canada$361k (744%)
Kuwait$162k (2.91k%)
Germany$43.2k (498%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Suits BY Nicaragua WERE (2021 - 2022):
United States-$7.22M (-21.1%)
Honduras-$2.71M (-99.6%)
Austria-$39.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Knit Women's Suits were:
In 2022, Nicaragua's main importing competitors in Knit Women's Suits were:

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Trade Value of Knit Women's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.6M
TOP IMPORT POTENTIALChina+ $811k

Knit Women's Suits’s highest export potential is United States. With an export gap of $14.6M.   Knit Women's Suits’s highest import potential is China with an import gap of $811k.

See methodology.

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