2022
Exports
$1.4MWorld Rnk 63 / 139
Flag Rnk 143 / 877
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$2.94MWorld Rnk 95 / 200
Flag Rnk 346 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $1.4M in Soybeans, making it the 63rd largest exporter of Soybeans in the world. At the same year, Soybeans was the 143rd most exported product in Nicaragua. The main destination of Soybeans exports from Nicaragua are: Honduras ($1.38M), Guatemala ($8.71k), El Salvador ($6.18k), Costa Rica ($1.52k), and United States ($14).

The fastest growing export markets for Soybeans of Nicaragua between 2021 and 2022 were Honduras ($1.38M), Guatemala ($1.53k), and Costa Rica ($1.52k).

Imports In 2022, Nicaragua imported $2.94M in Soybeans, becoming the 95th largest importer of Soybeans in the world. At the same year, Soybeans was the 346th most imported product in Nicaragua. Nicaragua imports Soybeans primarily from: United States ($2.91M), Brazil ($29.8k), Colombia ($23), and China ($17).

The fastest growing import markets in Soybeans for Nicaragua between 2021 and 2022 were United States ($2.91M), Brazil ($29.8k), and Colombia ($23).

Latest Trends

Sep 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 Soybeans. 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)$1.4M
IMPORTS (2022)$2.94M
NET TRADE (2022)-$1.54M

In 2022, Nicaragua exported $1.4M in Soybeans. The main destinations of Nicaragua exports on Soybeans were Honduras ($1.38M), Guatemala ($8.71k), El Salvador ($6.18k), Costa Rica ($1.52k), and United States ($14).

In 2022, Nicaragua imported $2.94M in Soybeans, mainly from United States ($2.91M), Brazil ($29.8k), Colombia ($23), and China ($17).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Honduras$1.38M (4.77M%)
Guatemala$1.53k (21.2%)
Costa Rica$1.52k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Nicaragua WERE (2021 - 2022):El Salvador-$11.1k (-64.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Soybeans were:
In 2022, Nicaragua's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCosta Rica+ $11k
TOP IMPORT POTENTIALUnited States+ $1.48M

Soybeans’s highest export potential is Costa Rica. With an export gap of $11k.   Soybeans’s highest import potential is United States with an import gap of $1.48M.

See methodology.

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