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Pricing

2018
Exports $48.1kWorld Rnk 69 / 168
Flag Rnk 413 / 877
2018
Destination $12.2k Costa Rica
2021 - 2022
FASTEST GROWING MARKET $12.2kUnited Kingdom
2022
PRODUCT COMPLEXITY IN String Instruments0.51Rnk 362 / 1025
2018
Imports $311kWorld Rnk 104 / 209
Flag Rnk 690 / 1109
2018
Origin $80.5k China
2021 - 2022
FASTEST GROWING ORIGIN $80.5kChina
2022
ECONOMIC COMPLEXITY of Nicaragua-0.97Rnk 110 / 133

About

Exports In 2018, Nicaragua exported $48.1k in String Instruments, making it the 69th largest exporter of String Instruments in the world. At the same year, String Instruments was the 413th most exported product in Nicaragua. The main destination of String Instruments exports from Nicaragua are: Costa Rica ($32.5k), United Kingdom ($12.2k), Honduras ($820), France ($564), and Guatemala ($418).

The fastest growing export markets for String Instruments of Nicaragua between 2021 and 2022 were United Kingdom ($12.2k), Costa Rica ($6.9k), and Honduras ($801).

Imports In 2022, Nicaragua imported $311k in String Instruments, becoming the 104th largest importer of String Instruments in the world. At the same year, String Instruments was the 690th most imported product in Nicaragua. Nicaragua imports String Instruments primarily from: China ($266k), Indonesia ($20.1k), Guatemala ($12.9k), United States ($5.63k), and Spain ($5.35k).

The fastest growing import markets in String Instruments for Nicaragua between 2021 and 2022 were China ($80.5k), Indonesia ($10k), and France ($183).

Latest Trends

Nov 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 String Instruments. 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)$48.1k
IMPORTS (2022)$311k
NET TRADE (2022)-$263k

In 2022, Nicaragua exported $48.1k in String Instruments. The main destinations of Nicaragua exports on String Instruments were Costa Rica ($32.5k), United Kingdom ($12.2k), Honduras ($820), France ($564), and Guatemala ($418).

In 2022, Nicaragua imported $311k in String Instruments, mainly from China ($266k), Indonesia ($20.1k), Guatemala ($12.9k), United States ($5.63k), and Spain ($5.35k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
United Kingdom$12.2k (1%)
Costa Rica$6.9k (26.9%)
Honduras$801 (4.22k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Nicaragua WERE (2021 - 2022):
United States-$4.48k (-95.1%)
Malaysia-$2.41k (-100%)
Finland-$1.33k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in String Instruments were:
China $527M
United States $146M
Indonesia $107M
In 2022, Nicaragua's main importing competitors in String Instruments were:
United States $279M
Germany $91.7M
Japan $59.6M

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $8.31k
TOP IMPORT POTENTIALChina+ $24.8k

String Instruments’s highest export potential is United Kingdom. With an export gap of $8.31k.   String Instruments’s highest import potential is China with an import gap of $24.8k.

See methodology.

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