2022
Exports
$24.9MWorld Rnk 16 / 136
Flag Rnk 38 / 877
2022
PRODUCT COMPLEXITY IN Molasses
-1.56Rnk 955 / 1025
2022
Imports
$404World Rnk 180 / 193
Flag Rnk 1066 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $24.9M in Molasses, making it the 16th largest exporter of Molasses in the world. At the same year, Molasses was the 38th most exported product in Nicaragua. The main destination of Molasses exports from Nicaragua are: United States ($16.3M), United Kingdom ($2.64M), Costa Rica ($2.29M), Denmark ($1.86M), and Germany ($1.49M).

The fastest growing export markets for Molasses of Nicaragua between 2021 and 2022 were United States ($10.2M), Denmark ($1.86M), and United Kingdom ($326k).

Imports In 2022, Nicaragua imported $404 in Molasses, becoming the 180th largest importer of Molasses in the world. At the same year, Molasses was the 1066th most imported product in Nicaragua. Nicaragua imports Molasses primarily from: United States ($404).

The fastest growing import markets in Molasses for Nicaragua between 2021 and 2022 were United States ($404).

Historical Data

Trade Balance

Color
EXPORTS (2022)$24.9M
IMPORTS (2022)$404
NET TRADE (2022)$24.9M

In 2022, Nicaragua exported $24.9M in Molasses. The main destinations of Nicaragua exports on Molasses were United States ($16.3M), United Kingdom ($2.64M), Costa Rica ($2.29M), Denmark ($1.86M), and Germany ($1.49M).

In 2022, Nicaragua imported $404 in Molasses, mainly from United States ($404).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
United States$10.2M (167%)
Denmark$1.86M (1%)
United Kingdom$326k (14.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Nicaragua WERE (2021 - 2022):
Guyana-$2.44M (-100%)
Jamaica-$1.32M (-100%)
Netherlands-$1.27M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Nicaragua's main exporting competitors in Molasses were:
In 2022, Nicaragua's main importing competitors in Molasses were:

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $729k
TOP IMPORT POTENTIALUnited States+ $528

Molasses’s highest export potential is United Kingdom. With an export gap of $729k.   Molasses’s highest import potential is United States with an import gap of $528.

See methodology.

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