2023
Exports
$723World Rnk 118 / 148
Flag Rnk 715 / 852
2023
PRODUCT COMPLEXITY IN Pianos
0.88Rnk 217 / 1025
2023
Imports
$50.7kWorld Rnk 127 / 193
Flag Rnk 890 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $723 in Pianos, making it the 118th largest exporter of Pianos in the world. At the same year, Pianos was the 715th most exported product in Nicaragua. The main destination of Pianos exports from Nicaragua are: Spain ($450), Costa Rica ($182), Guatemala ($88), and Honduras ($3).

The fastest growing export markets for Pianos of Nicaragua between 2022 and 2023 were Spain ($450), Costa Rica ($90), and Honduras ($3).

Imports In 2023, Nicaragua imported $50.7k in Pianos, becoming the 127th largest importer of Pianos in the world. At the same year, Pianos was the 890th most imported product in Nicaragua. Nicaragua imports Pianos primarily from: Indonesia ($25.4k), United States ($14k), China ($7.77k), Japan ($3.13k), and Costa Rica ($231).

The fastest growing import markets in Pianos for Nicaragua between 2022 and 2023 were Indonesia ($20k), Japan ($2.51k), and Honduras ($90).

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 Pianos. 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)$723
IMPORTS (2023)$50.7k
NET TRADE (2023)-$49.9k

In 2023, Nicaragua exported $723 in Pianos. The main destinations of Nicaragua exports on Pianos were Spain ($450), Costa Rica ($182), Guatemala ($88), and Honduras ($3).

In 2023, Nicaragua imported $50.7k in Pianos, mainly from Indonesia ($25.4k), United States ($14k), China ($7.77k), Japan ($3.13k), and Costa Rica ($231).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pianos EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Spain$450 (1%)
Costa Rica$90 (97.8%)
Honduras$3 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pianos BY Nicaragua WERE (2022 - 2023):Guatemala-$800 (-90.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Pianos were:
In 2023, Nicaragua's main importing competitors in Pianos were:

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Trade Value of Pianos by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $579
TOP IMPORT POTENTIALChina+ $5.77k

Pianos’s highest export potential is China. With an export gap of $579.   Pianos’s highest import potential is China with an import gap of $5.77k.

See methodology.

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