2023
Exports
$196MWorld Rnk 27 / 186
Flag Rnk 11 / 852
2023
PRODUCT COMPLEXITY IN Raw Sugar
-1.88Rnk 988 / 1025
2023
Imports
$94.9kWorld Rnk 208 / 225
Flag Rnk 838 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $196M in Raw Sugar, making it the 27th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 11th most exported product in Nicaragua. The main destination of Raw Sugar exports from Nicaragua are: United States ($35.4M), South Korea ($27.2M), Canada ($21M), Peru ($20.5M), and Haiti ($17.6M).

The fastest growing export markets for Raw Sugar of Nicaragua between 2022 and 2023 were Canada ($21M), Mauritania ($12.6M), and Mexico ($10.4M).

Imports In 2023, Nicaragua imported $94.9k in Raw Sugar, becoming the 208th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 838th most imported product in Nicaragua. Nicaragua imports Raw Sugar primarily from: United States ($44.2k), Germany ($35.1k), El Salvador ($11.9k), Guatemala ($2.47k), and China ($1.05k).

The fastest growing import markets in Raw Sugar for Nicaragua between 2022 and 2023 were El Salvador ($4.94k), United States ($1.1k), and China ($949).

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 Raw Sugar. 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)$196M
IMPORTS (2023)$94.9k
NET TRADE (2023)$196M

In 2023, Nicaragua exported $196M in Raw Sugar. The main destinations of Nicaragua exports on Raw Sugar were United States ($35.4M), South Korea ($27.2M), Canada ($21M), Peru ($20.5M), and Haiti ($17.6M).

In 2023, Nicaragua imported $94.9k in Raw Sugar, mainly from United States ($44.2k), Germany ($35.1k), El Salvador ($11.9k), Guatemala ($2.47k), and China ($1.05k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Canada$21M (12.2M%)
Mauritania$12.6M (683%)
Mexico$10.4M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Nicaragua WERE (2022 - 2023):
South Korea-$28.7M (-51.3%)
Chinese Taipei-$17.5M (-98.2%)
Bulgaria-$11.4M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Raw Sugar were:
Brazil $16.2B
India $3.97B
In 2023, Nicaragua's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.5M
TOP IMPORT POTENTIALGermany+ $24.4k

Raw Sugar’s highest export potential is United States. With an export gap of $15.5M.   Raw Sugar’s highest import potential is Germany with an import gap of $24.4k.

See methodology.

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