Nicaragua bordered by Honduras and Costa Rica in the North and South direction mainly placed in Central America has been developing trade relations with the USA in North America to enhance its economic importance and impact over the different other traders worldwide. The two countries have a very long history of economic ties dominated by the trade of agricultural goods the most accompanied by textiles and apparel. The bilateral exchange of products has benefited both the trade management authorities and the overall economy as a whorl for increasing economic growth.

The increasing foreign trade investments of the Nicaragua and USA along with the political stability and development of the industrial sectors facilitate the import and export trades of both nations. In 2023 the tremendous amount of bilateral exchange between the two products has led Nicaragua’s export and import trade value with the USA to stand at a point of 3 billion US dollars and 2 billion US dollars, whereas the export and import of USA with Nicaragua in 2023 stood up at 3.8 billion US dollars and 2.5 billion US dollars.

Latest Key Trends of Nicaragua and USA Trade in 2023

1. The total export value of Nicaragua to the USA stands at 3 billion US dollars in 2023.

2. Coffee dominates the exports list of Nicaragua to the USA with an aggregate value of 2.8 billion US dollars in 2023.

3. Exports from the USA to Nicaragua in 2023 stand at a value of 3.8 billion US dollars.

4. Machineries dominate the USA’s top exports to Nicaragua in 2023.

5. Agricultural products dominate the bilateral exchange trade list of the USA and Nicaragua.

What Are the Top Exports of Nicaragua to the USA in 2023?

According to the Nicaragua Export Data, the top exports of Nicaragua to USA in 2023 are,

1. Coffee – Valuation of Nicaragua’s Coffee exports– 2.8 billion US dollars.

2. Precious metals – Valuation of Nicaragua’s Precious metals exports– 2.5 billion US dollars.

3. Tobacco products – Valuation of Nicaragua’s Tobacco products exports – 1 billion US dollars.

4. Seafood – Valuation of Nicaragua’s Seafood exports– 870 million US dollars.

5. Fruits and vegetables – Valuation of Nicaragua’s Fruits and vegetables exports – 700 million US dollars.

6. Meat products – Valuation of Nicaragua’s Meat products exports – 600 million US dollars.

7. Textiles and apparel – Valuation of Nicaragua’s Textiles and apparel exports – 500 million US dollars.

8. Essential oils – Valuation of Nicaragua’s Essential oils exports – 400 million US dollars.

9. Sugar – Valuation of Nicaragua’s Sugar exports – 300 million US dollars.

10. Plastic products – Valuation of Nicaragua’s Plastic products exports– 200 million US dollars.

What Are the Top Exports of the USA to Nicaragua in 2023?

The USA Export Data enlists the below-mentioned products as the top export of USA to Nicaragua in 2023 for maintaining a stable trade relation between the two countries, the leading ones with the valuations of trades are discussed below,

1. Machinery and mechanical appliances – Valuation of USA’s Machinery and mechanical appliances exports – 2.8 billion US dollars.

2. Electrical machinery and equipment – Valuation of USA’s Electrical machinery and equipment exports – 1 billion US dollars.

3. Vehicles – Valuation of USA’s Vehicles exports – 900 million US dollars.

4. Mineral fuels – Valuation of USA’s Mineral fuels exports – 700 million US dollars.

5. Pharmaceutical products – Valuation of USA’s Pharmaceutical products exports – 600 million US dollars.

6. Plastics – Valuation of USA’s Plastics exports – 500 million US dollars.

7. Optical and medical instruments – Valuation of USA’s Optical and medical instruments exports – 400 million US dollars.

8. Iron and Steel – Valuation of USA’s Iron and Steel exports – 300 million US dollars.

9. Organic chemicals – Valuation of USA’s Organic chemicals exports – 200 million US dollars.

10. Petroleum products – Valuation of USA’s Petroleum products exports – 100 million US dollars.

Top Export Industries of Nicaragua and USA

The Nicaragua Customs Data and the USA Customs Data detailed analysis shows that both countries have been emerging as global traders and maintaining their stable trade relationships because of some of the top export industries, the leading one facilitating the trade lists are discussed below,

Top Exporting Companies of Nicaragua

1. Cafe Soluble
Location - Matagalpa
Top exports – Coffee beans, Coffee extract, Roasted coffee

2. Industrias de Nicaragua
Location - Managua
Top exports - Processed foods, Snacks, Condiments

3. Exportadora de Alimentos
Location - Rivas
Top exports – Shrimp, Fish, Processed seafood

4. Cementos de Nicaragua
Location - Tipitapa
Top exports – Cement, Concrete Products, Aggregates

5. Textiles de Nicaragua
Location - Leon
Top exports – Apparel, Fabrics, Home textiles

Top Exporting Companies of the USA

1. Boeing
Location - Washington State
Top exports - Commercial aircraft, Defense aircraft, Satellites

2. Caterpillar Inc
Location - Illinois
Top exports - Construction machinery, Engines, Power systems

3. Exxon Mobil
Location - Texas
Top exports - Crude oil, Natural gas, Petrochemicals

4. Dow Chemical Company
Location - Michigan
Top exports – Plastics, Chemicals, Agricultural products

5. The Coca-Cola Company
Location - Georgia
Top exports - Soft drinks, Bottled water, Juices

FAQ’s

Que. Name the top exporting company of Nicaragua in 2023.
Ans. Cafe Soluble is the top exporting company of Nicaragua in 2023.

Que. What is the export trade value of the USA to Nicaragua in 2023?
Ans. The export trade value of the USA to Nicaragua in 2023 is 3.8 billion US dollars.

Que. What is the top export of Nicaragua to the USA in 2023?
Ans. Coffee is the top export of Nicaragua to the USA in 2023.

Que. Where can you get the detailed trade analysis of Nicaragua and USA Trade in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of Nicaragua and USA trade in 2023.

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