2022
Exports
$1.83MWorld Rnk 79 / 184
Flag Rnk 130 / 877
2022
PRODUCT COMPLEXITY IN Salt
-1.11Rnk 857 / 1025
2022
Imports
$1.89MWorld Rnk 118 / 222
Flag Rnk 411 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $1.83M in Salt, making it the 79th largest exporter of Salt in the world. At the same year, Salt was the 130th most exported product in Nicaragua. The main destination of Salt exports from Nicaragua are: Costa Rica ($1.55M), Honduras ($201k), El Salvador ($69.8k), United Kingdom ($11.4k), and Guatemala ($136).

The fastest growing export markets for Salt of Nicaragua between 2021 and 2022 were Costa Rica ($427k), United Kingdom ($11.4k), and Guatemala ($94).

Imports In 2022, Nicaragua imported $1.89M in Salt, becoming the 118th largest importer of Salt in the world. At the same year, Salt was the 411th most imported product in Nicaragua. Nicaragua imports Salt primarily from: Costa Rica ($991k), Mexico ($341k), El Salvador ($288k), United Kingdom ($47.5k), and Honduras ($45.8k).

The fastest growing import markets in Salt for Nicaragua between 2021 and 2022 were Costa Rica ($130k), Mexico ($64.7k), and El Salvador ($33.5k).

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 Salt. 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)$1.83M
IMPORTS (2022)$1.89M
NET TRADE (2022)-$56.3k

In 2022, Nicaragua exported $1.83M in Salt. The main destinations of Nicaragua exports on Salt were Costa Rica ($1.55M), Honduras ($201k), El Salvador ($69.8k), United Kingdom ($11.4k), and Guatemala ($136).

In 2022, Nicaragua imported $1.89M in Salt, mainly from Costa Rica ($991k), Mexico ($341k), El Salvador ($288k), United Kingdom ($47.5k), and Honduras ($45.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Salt EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Costa Rica$427k (38%)
United Kingdom$11.4k (1%)
Guatemala$94 (224%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Salt BY Nicaragua WERE (2021 - 2022):
Honduras-$75.7k (-27.4%)
El Salvador-$47.9k (-40.7%)
Panama-$8.74k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Salt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHonduras+ $52.1k
TOP IMPORT POTENTIALMexico+ $128k

Salt’s highest export potential is Honduras. With an export gap of $52.1k.   Salt’s highest import potential is Mexico with an import gap of $128k.

See methodology.

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