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2022
Exports $1kWorld Rnk 115 / 153
Flag Rnk 696 / 877
2022
Destination $888 Guatemala
2021 - 2022
FASTEST GROWING MARKET $888Guatemala
2022
PRODUCT COMPLEXITY IN Pianos0.9Rnk 205 / 1025
2022
Imports $53.1kWorld Rnk 128 / 191
Flag Rnk 903 / 1109
2022
Origin $25.7kN/A
2021 - 2022
FASTEST GROWING ORIGIN $25.7kUnited States
2022
ECONOMIC COMPLEXITY of Nicaragua-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $1k in Pianos, making it the 115th largest exporter of Pianos in the world. At the same year, Pianos was the 696th most exported product in Nicaragua. The main destination of Pianos exports from Nicaragua are: Guatemala ($888) and Costa Rica ($113).

The fastest growing export markets for Pianos of Nicaragua between 2021 and 2022 were Guatemala ($888) and Costa Rica ($57).

Imports In 2022, Nicaragua imported $53.1k in Pianos, becoming the 128th largest importer of Pianos in the world. At the same year, Pianos was the 903rd most imported product in Nicaragua. Nicaragua imports Pianos primarily from: N/A.

The fastest growing import markets in Pianos for Nicaragua between 2021 and 2022 were United States ($25.7k), Guatemala ($857), and Spain ($357).

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 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 (2022)$1k
IMPORTS (2022)$53.1k
NET TRADE (2022)-$52.1k

In 2022, Nicaragua exported $1k in Pianos. The main destinations of Nicaragua exports on Pianos were Guatemala ($888) and Costa Rica ($113).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Pianos EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Guatemala$888 (1%)
Costa Rica$57 (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pianos BY Nicaragua WERE (2021 - 2022):
El Salvador-$1.55k (-100%)
Honduras-$800 (-100%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Pianos were:
Japan $344M
Germany $199M
Indonesia $168M
In 2022, Nicaragua's main importing competitors in Pianos were:
China $248M
United States $147M
Germany $62.4M

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Trade Value of Pianos by Exporters

Potential Exports

Potential Exports

Flow
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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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