2022
Exports
$230kWorld Rnk 105 / 167
Flag Rnk 263 / 877
2022
PRODUCT COMPLEXITY IN Recreational Boats
0.3Rnk 445 / 1025
2022
Imports
$1.42MWorld Rnk 134 / 217
Flag Rnk 456 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $230k in Recreational Boats, making it the 105th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 263rd most exported product in Nicaragua. The main destination of Recreational Boats exports from Nicaragua are: Guatemala ($230k), El Salvador ($250), and Panama ($125).

The fastest growing export markets for Recreational Boats of Nicaragua between 2021 and 2022 were Guatemala ($230k), El Salvador ($250), and Panama ($125).

Imports In 2022, Nicaragua imported $1.42M in Recreational Boats, becoming the 134th largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 456th most imported product in Nicaragua. Nicaragua imports Recreational Boats primarily from: United States ($1.36M), Costa Rica ($20.9k), Mexico ($18.6k), Canada ($15.6k), and China ($7.16k).

The fastest growing import markets in Recreational Boats for Nicaragua between 2021 and 2022 were Mexico ($18.6k), Canada ($15k), and Costa Rica ($10.8k).

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 Recreational Boats. 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)$230k
IMPORTS (2022)$1.42M
NET TRADE (2022)-$1.19M

In 2022, Nicaragua exported $230k in Recreational Boats. The main destinations of Nicaragua exports on Recreational Boats were Guatemala ($230k), El Salvador ($250), and Panama ($125).

In 2022, Nicaragua imported $1.42M in Recreational Boats, mainly from United States ($1.36M), Costa Rica ($20.9k), Mexico ($18.6k), Canada ($15.6k), and China ($7.16k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Guatemala$230k (1%)
El Salvador$250 (1%)
Panama$125 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY Nicaragua WERE (2021 - 2022):Dominican Republic-$750 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Recreational Boats were:
In 2022, Nicaragua's main importing competitors in Recreational Boats were:

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $2.16k
TOP IMPORT POTENTIALMexico+ $50.2k

Recreational Boats’s highest export potential is United States. With an export gap of $2.16k.   Recreational Boats’s highest import potential is Mexico with an import gap of $50.2k.

See methodology.

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