2023
Exports
$1.26kWorld Rnk 102 / 148
Flag Rnk 685 / 852
2023
PRODUCT COMPLEXITY IN Pastes and Waxes
1.24Rnk 92 / 1025
2023
Imports
$785kWorld Rnk 97 / 203
Flag Rnk 559 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $1.26k in Pastes and Waxes, making it the 102nd largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 685th most exported product in Nicaragua. The main destination of Pastes and Waxes exports from Nicaragua are: El Salvador ($1.26k).

The fastest growing export markets for Pastes and Waxes of Nicaragua between 2022 and 2023 were El Salvador ($1.24k).

Imports In 2023, Nicaragua imported $785k in Pastes and Waxes, becoming the 97th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 559th most imported product in Nicaragua. Nicaragua imports Pastes and Waxes primarily from: China ($320k), Mexico ($140k), Netherlands ($108k), United States ($56.4k), and Italy ($51.1k).

The fastest growing import markets in Pastes and Waxes for Nicaragua between 2022 and 2023 were Netherlands ($93.3k), Romania ($30.5k), and United States ($7.27k).

Latest Trends

Jan 2025

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 Pastes and Waxes. 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)$1.26k
IMPORTS (2023)$785k
NET TRADE (2023)-$784k

In 2023, Nicaragua exported $1.26k in Pastes and Waxes. The main destinations of Nicaragua exports on Pastes and Waxes were El Salvador ($1.26k).

In 2023, Nicaragua imported $785k in Pastes and Waxes, mainly from China ($320k), Mexico ($140k), Netherlands ($108k), United States ($56.4k), and Italy ($51.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):El Salvador$1.24k (10.4k%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Pastes and Waxes were:
In 2023, Nicaragua's main importing competitors in Pastes and Waxes were:

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $440
TOP IMPORT POTENTIALChina+ $77.8k

Pastes and Waxes’s highest export potential is United States. With an export gap of $440.   Pastes and Waxes’s highest import potential is China with an import gap of $77.8k.

See methodology.

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