2023
Exports
$5.59MWorld Rnk 107 / 214
Flag Rnk 75 / 852
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$382MWorld Rnk 90 / 226
Flag Rnk 4 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $5.59M in Packaged Medicaments, making it the 107th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 75th most exported product in Nicaragua. The main destination of Packaged Medicaments exports from Nicaragua are: Dominican Republic ($2.7M), Guatemala ($1.09M), Honduras ($646k), Panama ($363k), and El Salvador ($312k).

The fastest growing export markets for Packaged Medicaments of Nicaragua between 2022 and 2023 were Guatemala ($297k), Honduras ($92.3k), and Panama ($72.3k).

Imports In 2023, Nicaragua imported $382M in Packaged Medicaments, becoming the 90th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Nicaragua. Nicaragua imports Packaged Medicaments primarily from: Guatemala ($72.5M), India ($64M), Spain ($36.6M), El Salvador ($33.7M), and Mexico ($31.4M).

The fastest growing import markets in Packaged Medicaments for Nicaragua between 2022 and 2023 were Guatemala ($12M), Spain ($8.16M), and El Salvador ($2.22M).

Latest Trends

Dec 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 (2023)$5.59M
IMPORTS (2023)$382M
NET TRADE (2023)-$377M

In 2023, Nicaragua exported $5.59M in Packaged Medicaments. The main destinations of Nicaragua exports on Packaged Medicaments were Dominican Republic ($2.7M), Guatemala ($1.09M), Honduras ($646k), Panama ($363k), and El Salvador ($312k).

In 2023, Nicaragua imported $382M in Packaged Medicaments, mainly from Guatemala ($72.5M), India ($64M), Spain ($36.6M), El Salvador ($33.7M), and Mexico ($31.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Guatemala$297k (37.6%)
Honduras$92.3k (16.7%)
Panama$72.3k (24.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Nicaragua WERE (2022 - 2023):
El Salvador-$304k (-49.4%)
Dominican Republic-$195k (-6.74%)
United States-$86.8k (-75.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Packaged Medicaments were:
In 2023, 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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