2022
Exports
$1.12MWorld Rnk 107 / 192
Flag Rnk 157 / 877
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$13.4MWorld Rnk 72 / 223
Flag Rnk 133 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $1.12M in Packing Bags, making it the 107th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 157th most exported product in Nicaragua. The main destination of Packing Bags exports from Nicaragua are: El Salvador ($357k), Honduras ($357k), Guatemala ($269k), Rwanda ($54.4k), and Haiti ($43.2k).

The fastest growing export markets for Packing Bags of Nicaragua between 2021 and 2022 were Rwanda ($54.4k), Haiti ($30.1k), and Ghana ($7.5k).

Imports In 2022, Nicaragua imported $13.4M in Packing Bags, becoming the 72nd largest importer of Packing Bags in the world. At the same year, Packing Bags was the 133rd most imported product in Nicaragua. Nicaragua imports Packing Bags primarily from: Guatemala ($6.02M), India ($1.46M), Vietnam ($1.31M), El Salvador ($1.3M), and Bangladesh ($1.1M).

The fastest growing import markets in Packing Bags for Nicaragua between 2021 and 2022 were Guatemala ($808k), Brazil ($577k), and El Salvador ($501k).

Latest Trends

Sep 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 Packing Bags. 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)$1.12M
IMPORTS (2022)$13.4M
NET TRADE (2022)-$12.2M

In 2022, Nicaragua exported $1.12M in Packing Bags. The main destinations of Nicaragua exports on Packing Bags were El Salvador ($357k), Honduras ($357k), Guatemala ($269k), Rwanda ($54.4k), and Haiti ($43.2k).

In 2022, Nicaragua imported $13.4M in Packing Bags, mainly from Guatemala ($6.02M), India ($1.46M), Vietnam ($1.31M), El Salvador ($1.3M), and Bangladesh ($1.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Rwanda$54.4k (1%)
Haiti$30.1k (230%)
Ghana$7.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Nicaragua WERE (2021 - 2022):
Honduras-$65.6k (-15.5%)
Guatemala-$59.5k (-18.1%)
El Salvador-$46k (-11.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Nicaragua's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $36.4k
TOP IMPORT POTENTIALIndia+ $765k

Packing Bags’s highest export potential is Italy. With an export gap of $36.4k.   Packing Bags’s highest import potential is India with an import gap of $765k.

See methodology.

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