2023
Exports
$1.43kWorld Rnk 98 / 123
Flag Rnk 681 / 852
2023
PRODUCT COMPLEXITY IN Wood Barrels
0.26Rnk 474 / 1025
2023
Imports
$2.61MWorld Rnk 35 / 184
Flag Rnk 373 / 1104
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $1.43k in Wood Barrels, making it the 98th largest exporter of Wood Barrels in the world. At the same year, Wood Barrels was the 681st most exported product in Nicaragua. The main destination of Wood Barrels exports from Nicaragua are: Netherlands ($600), United States ($560), Panama ($150), Bolivia ($80), and Estonia ($23).

The fastest growing export markets for Wood Barrels of Nicaragua between 2022 and 2023 were Netherlands ($600), Bolivia ($80), and Estonia ($23).

Imports In 2023, Nicaragua imported $2.61M in Wood Barrels, becoming the 35th largest importer of Wood Barrels in the world. At the same year, Wood Barrels was the 373rd most imported product in Nicaragua. Nicaragua imports Wood Barrels primarily from: United States ($2.61M), Spain ($1.28k), China ($499), Dominican Republic ($480), and Chile ($182).

The fastest growing import markets in Wood Barrels for Nicaragua between 2022 and 2023 were United States ($2.61M), Spain ($490), and China ($490).

Latest Trends

Dec 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 Wood Barrels. 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 (2023)$1.43k
IMPORTS (2023)$2.61M
NET TRADE (2023)-$2.61M

In 2023, Nicaragua exported $1.43k in Wood Barrels. The main destinations of Nicaragua exports on Wood Barrels were Netherlands ($600), United States ($560), Panama ($150), Bolivia ($80), and Estonia ($23).

In 2023, Nicaragua imported $2.61M in Wood Barrels, mainly from United States ($2.61M), Spain ($1.28k), China ($499), Dominican Republic ($480), and Chile ($182).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Barrels EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Netherlands$600 (1%)
Bolivia$80 (1%)
Estonia$23 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Barrels BY Nicaragua WERE (2022 - 2023):
Ireland-$88.7k (-100%)
United States-$7.84k (-93.3%)
Panama-$3.98k (-96.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nicaragua's main exporting competitors in Wood Barrels were:
In 2023, Nicaragua's main importing competitors in Wood Barrels were:

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Trade Value of Wood Barrels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.7k
TOP IMPORT POTENTIALUnited States+ $2.04k

Wood Barrels’s highest export potential is United States. With an export gap of $21.7k.   Wood Barrels’s highest import potential is United States with an import gap of $2.04k.

See methodology.

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