2022
Exports
$6.24MWorld Rnk 106 / 217
Flag Rnk 78 / 877
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$302MWorld Rnk 93 / 224
Flag Rnk 5 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $6.24M in Packaged Medicaments, making it the 106th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 78th most exported product in Nicaragua. The main destination of Packaged Medicaments exports from Nicaragua are: Dominican Republic ($2.82M), Guatemala ($1.1M), El Salvador ($701k), Honduras ($554k), and Panama ($311k).

The fastest growing export markets for Packaged Medicaments of Nicaragua between 2021 and 2022 were Dominican Republic ($978k), Belize ($117k), and United States ($92.5k).

Imports In 2022, Nicaragua imported $302M in Packaged Medicaments, becoming the 93rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Nicaragua. Nicaragua imports Packaged Medicaments primarily from: Guatemala ($72.2M), India ($43M), Mexico ($34.5M), El Salvador ($31.2M), and Costa Rica ($23.4M).

The fastest growing import markets in Packaged Medicaments for Nicaragua between 2021 and 2022 were Mexico ($14.8M), Guatemala ($8.5M), and Switzerland ($6.06M).

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 Packaged Medicaments. 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)$6.24M
IMPORTS (2022)$302M
NET TRADE (2022)-$296M

In 2022, Nicaragua exported $6.24M in Packaged Medicaments. The main destinations of Nicaragua exports on Packaged Medicaments were Dominican Republic ($2.82M), Guatemala ($1.1M), El Salvador ($701k), Honduras ($554k), and Panama ($311k).

In 2022, Nicaragua imported $302M in Packaged Medicaments, mainly from Guatemala ($72.2M), India ($43M), Mexico ($34.5M), El Salvador ($31.2M), and Costa Rica ($23.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Dominican Republic$978k (52.9%)
Belize$117k (87.5%)
United States$92.5k (400%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Nicaragua WERE (2021 - 2022):
Costa Rica-$695k (-73.9%)
Guatemala-$663k (-37.6%)
Panama-$257k (-45.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Packaged Medicaments were:
In 2022, Nicaragua's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $765k
TOP IMPORT POTENTIALIndia+ $9.78M

Packaged Medicaments’s highest export potential is United States. With an export gap of $765k.   Packaged Medicaments’s highest import potential is India with an import gap of $9.78M.

See methodology.

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