2023
Exports
$29.2kWorld Rnk 143 / 176
Flag Rnk 438 / 852
2023
PRODUCT COMPLEXITY IN Processed Fish
-1.39Rnk 925 / 1025
2023
Imports
$13.5MWorld Rnk 105 / 224
Flag Rnk 137 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $29.2k in Processed Fish, making it the 143rd largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 438th most exported product in Nicaragua. The main destination of Processed Fish exports from Nicaragua are: Costa Rica ($23.5k), United States ($2.82k), Ireland ($2.7k), and Honduras ($116).

The fastest growing export markets for Processed Fish of Nicaragua between 2022 and 2023 were Costa Rica ($17.1k), United States ($2.82k), and Ireland ($2.7k).

Imports In 2023, Nicaragua imported $13.5M in Processed Fish, becoming the 105th largest importer of Processed Fish in the world. At the same year, Processed Fish was the 137th most imported product in Nicaragua. Nicaragua imports Processed Fish primarily from: Costa Rica ($5.38M), Thailand ($2.45M), Vietnam ($2M), El Salvador ($1.85M), and China ($1.07M).

The fastest growing import markets in Processed Fish for Nicaragua between 2022 and 2023 were China ($526k), Costa Rica ($368k), and Spain ($69k).

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 Processed Fish. 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)$29.2k
IMPORTS (2023)$13.5M
NET TRADE (2023)-$13.5M

In 2023, Nicaragua exported $29.2k in Processed Fish. The main destinations of Nicaragua exports on Processed Fish were Costa Rica ($23.5k), United States ($2.82k), Ireland ($2.7k), and Honduras ($116).

In 2023, Nicaragua imported $13.5M in Processed Fish, mainly from Costa Rica ($5.38M), Thailand ($2.45M), Vietnam ($2M), El Salvador ($1.85M), and China ($1.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Costa Rica$17.1k (267%)
United States$2.82k (1%)
Ireland$2.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY Nicaragua WERE (2022 - 2023):Hong Kong-$13.9k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Processed Fish by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCosta Rica+ $8.46k
TOP IMPORT POTENTIALChina+ $650k

Processed Fish’s highest export potential is Costa Rica. With an export gap of $8.46k.   Processed Fish’s highest import potential is China with an import gap of $650k.

See methodology.

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