2022
Exports
$1.65kWorld Rnk 113 / 141
Flag Rnk 670 / 877
2022
PRODUCT COMPLEXITY IN Pile Fabric
0.18Rnk 494 / 1025
2022
Imports
$20.2MWorld Rnk 60 / 195
Flag Rnk 91 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $1.65k in Pile Fabric, making it the 113th largest exporter of Pile Fabric in the world. At the same year, Pile Fabric was the 670th most exported product in Nicaragua. The main destination of Pile Fabric exports from Nicaragua are: United States ($1.49k), Costa Rica ($120), El Salvador ($23), China ($15), and Chinese Taipei ($1).

The fastest growing export markets for Pile Fabric of Nicaragua between 2021 and 2022 were United States ($1.49k), Costa Rica ($120), and China ($15).

Imports In 2022, Nicaragua imported $20.2M in Pile Fabric, becoming the 60th largest importer of Pile Fabric in the world. At the same year, Pile Fabric was the 91st most imported product in Nicaragua. Nicaragua imports Pile Fabric primarily from: China ($8.32M), El Salvador ($6.51M), United States ($2.95M), South Korea ($2.05M), and Mexico ($351k).

The fastest growing import markets in Pile Fabric for Nicaragua between 2021 and 2022 were United States ($1.76M), El Salvador ($698k), and Mexico ($350k).

Latest Trends

Oct 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 Pile Fabric. 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)$1.65k
IMPORTS (2022)$20.2M
NET TRADE (2022)-$20.2M

In 2022, Nicaragua exported $1.65k in Pile Fabric. The main destinations of Nicaragua exports on Pile Fabric were United States ($1.49k), Costa Rica ($120), El Salvador ($23), China ($15), and Chinese Taipei ($1).

In 2022, Nicaragua imported $20.2M in Pile Fabric, mainly from China ($8.32M), El Salvador ($6.51M), United States ($2.95M), South Korea ($2.05M), and Mexico ($351k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pile Fabric EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
United States$1.49k (18.6k%)
Costa Rica$120 (1%)
China$15 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pile Fabric BY Nicaragua WERE (2021 - 2022):
Guatemala-$1.44k (-100%)
Chinese Taipei-$2 (-66.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Pile Fabric were:
In 2022, Nicaragua's main importing competitors in Pile Fabric were:

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Trade Value of Pile Fabric by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $2.95k
TOP IMPORT POTENTIALChina+ $475k

Pile Fabric’s highest export potential is United States. With an export gap of $2.95k.   Pile Fabric’s highest import potential is China with an import gap of $475k.

See methodology.

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