2023
Exports
$35.3MWorld Rnk 47 / 183
Flag Rnk 26 / 852
2023
PRODUCT COMPLEXITY IN Processed Crustaceans
-1.65Rnk 967 / 1025
2023
Imports
$659kWorld Rnk 121 / 220
Flag Rnk 586 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $35.3M in Processed Crustaceans, making it the 47th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 26th most exported product in Nicaragua. The main destination of Processed Crustaceans exports from Nicaragua are: Hong Kong ($15.7M), Macau ($7.47M), United States ($6.09M), South Africa ($1.87M), and Singapore ($1.65M).

The fastest growing export markets for Processed Crustaceans of Nicaragua between 2022 and 2023 were Hong Kong ($4.42M), Macau ($1.22M), and Singapore ($1.03M).

Imports In 2023, Nicaragua imported $659k in Processed Crustaceans, becoming the 121st largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 586th most imported product in Nicaragua. Nicaragua imports Processed Crustaceans primarily from: Honduras ($229k), United States ($207k), Chile ($43.3k), New Zealand ($40.3k), and China ($28k).

The fastest growing import markets in Processed Crustaceans for Nicaragua between 2022 and 2023 were United States ($161k), Spain ($24.1k), and India ($12.7k).

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 Processed Crustaceans. 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)$35.3M
IMPORTS (2023)$659k
NET TRADE (2023)$34.6M

In 2023, Nicaragua exported $35.3M in Processed Crustaceans. The main destinations of Nicaragua exports on Processed Crustaceans were Hong Kong ($15.7M), Macau ($7.47M), United States ($6.09M), South Africa ($1.87M), and Singapore ($1.65M).

In 2023, Nicaragua imported $659k in Processed Crustaceans, mainly from Honduras ($229k), United States ($207k), Chile ($43.3k), New Zealand ($40.3k), and China ($28k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Hong Kong$4.42M (39.3%)
Macau$1.22M (19.5%)
Singapore$1.03M (168%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Nicaragua WERE (2022 - 2023):
Chinese Taipei-$1.75M (-54.9%)
United States-$565k (-8.49%)
Canada-$429k (-59.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Processed Crustaceans were:
China $2.35B
Vietnam $1.54B
In 2023, Nicaragua's main importing competitors in Processed Crustaceans were:

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.83M
TOP IMPORT POTENTIALVietnam+ $27k

Processed Crustaceans’s highest export potential is United States. With an export gap of $2.83M.   Processed Crustaceans’s highest import potential is Vietnam with an import gap of $27k.

See methodology.

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