2022
Exports
$923kWorld Rnk 79 / 199
Flag Rnk 172 / 877
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$12.1MWorld Rnk 86 / 220
Flag Rnk 144 / 1109
2022
ECONOMIC COMPLEXITY of Nicaragua
-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $923k in Special Pharmaceuticals, making it the 79th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 172nd most exported product in Nicaragua. The main destination of Special Pharmaceuticals exports from Nicaragua are: United States ($883k), Guatemala ($36.6k), Switzerland ($1.45k), Chile ($1.4k), and Nigeria ($901).

The fastest growing export markets for Special Pharmaceuticals of Nicaragua between 2021 and 2022 were United States ($406k), Guatemala ($13.7k), and Chile ($1.4k).

Imports In 2022, Nicaragua imported $12.1M in Special Pharmaceuticals, becoming the 86th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 144th most imported product in Nicaragua. Nicaragua imports Special Pharmaceuticals primarily from: United States ($2.52M), El Salvador ($1.68M), Brazil ($1.56M), India ($1.04M), and Germany ($965k).

The fastest growing import markets in Special Pharmaceuticals for Nicaragua between 2021 and 2022 were United States ($1.07M), Germany ($712k), and Costa Rica ($552k).

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 Special Pharmaceuticals. 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)$923k
IMPORTS (2022)$12.1M
NET TRADE (2022)-$11.1M

In 2022, Nicaragua exported $923k in Special Pharmaceuticals. The main destinations of Nicaragua exports on Special Pharmaceuticals were United States ($883k), Guatemala ($36.6k), Switzerland ($1.45k), Chile ($1.4k), and Nigeria ($901).

In 2022, Nicaragua imported $12.1M in Special Pharmaceuticals, mainly from United States ($2.52M), El Salvador ($1.68M), Brazil ($1.56M), India ($1.04M), and Germany ($965k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
United States$406k (85.3%)
Guatemala$13.7k (59.7%)
Chile$1.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Nicaragua WERE (2021 - 2022):Costa Rica-$100 (-96.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $798k
TOP IMPORT POTENTIALUnited States+ $622k

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $798k.   Special Pharmaceuticals’s highest import potential is United States with an import gap of $622k.

See methodology.

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