The strategic location of Nicaragua within the Pacific Ocean and the Caribbean Sea with borders to Honduras has led to easy access to both the Atlantic and Pacific trade routes, easing the exports to North America, South America, and European regions. The nation's location has also led to relentless access to key ports such as Puerto Corinto on the Pacific and Elbe on the Caribbean, which has served as a major transportation route for a huge contribution to the annual revenue generation. The closer proximity to the United States has led to lower transportation costs and indulged the trade of textiles, agricultural, and manufactured goods due to strong export markets.

The government free trade agreement signed with the region of closer geographical proximity and the technological evolution of the industrial sectors supporting the tariff barriers for reducing the extra taxes on trade exchanges has fostered the export valuation. During the year 2024, the estimated growth rate of the export market of Nicaragua has reached an overall CAGR percentage of 5% from the previous year with a valuation of 7.1 billion US dollars, representative of a significant increase from the export valuation of 2020 worth 4.8 billion US dollars.

The Brief Information on the Top 10 Products Exported From Nicaragua

Nicaragua, with a diversified and growing economy, has recently introduced a wide array of globally sought commodities in its domestic supplies towards the targeted destinations for countering its export valuation by a positive rate. According to the Nicaragua Export Data, the 10 most exported goods, which hold a crucial share in the overall export revenue generation of the nation in 2024 are,

1. Coffee - The total export trade value of Coffee from Nicaragua in 2024 - 2.1 billion US dollars.

2. Gold - The total export trade value of Gold from Nicaragua in 2024 - 1.8 billion US dollars.

3. Beef - The total export trade value of Beef from Nicaragua in 2024 - 1.5 billion US dollars.

4. Sugar - The total export trade value of Sugar from Nicaragua in 2024 - 1.2 billion US dollars.

5. Seafood - The total export trade value of Seafood from Nicaragua in 2024 - 1 billion US dollars.

6. Textiles - The total export trade value of Textiles from Nicaragua in 2024 - 870 million US dollars.

7. Cigars - The total export trade value of Cigars from Nicaragua in 2024 - 654 million US dollars.

8. Fruits and vegetables - The total export trade value of Fruits and vegetables from Nicaragua in 2024 - 487 million US dollars.

9. Essential oils - The total export trade value of Essential oils from Nicaragua in 2024 - 354 million US dollars.

10. Dairy Products - The total export trade value of Dairy products from Nicaragua in 2024 - 278 million US dollars.

The Leading Export Trade Partners of Nicaragua in 2024

Nicaragua, with its long trade history, has been heavily dependent on its export economy for overall economic growth. This stable political relationship with the regions of closer geographical proximity is all because of the trade agreements signed by the government firms and the cost-effective strategies adopted. According to the Nicaragua Trade Data, the top 10 export trade partners of the nation which has contributed in a significant manner towards the overall export economy of the nation in 2024 are,

1. United States - According to the USA Import Data, the valuation of the goods exported from Nicaragua in 2024 - 2.5 billion US dollars.

Top 5 variants of goods exported

1. Coffee
2. Sugar
3. Beef
4. Seafood
5. Dairy products

2. Mexico - According to the Mexico Import Data, the valuation of the goods exported from Nicaragua in 2024 - 1.76 billion US dollars.

Top 5 variants of goods exported

1. Fruits
2. Vegetables
3. Timber
4. Textiles and apparel
5. Tobacco products

3. EL Salvador - According to the EL Salvador Import Data, the valuation of the goods exported from Nicaragua in 2024 - 1.3 billion US dollars.

Top 5 variants of goods exported

1. Gold
2. Silver
3. Precious stones
4. Electronic equipment
5. Medical equipment

4. Costa Rica - According to the Costa Rica Import Data, the valuation of the goods exported from Nicaragua in 2024 - 1.2 billion US dollars.

Top 5 variants of goods exported

1. Medical equipment
2. Cement
3. Fertilizers
4. Chocolate
5. Petroleum products

5. Honduras - According to the Honduras Import Data, the valuation of the goods exported from Nicaragua in 2024 - 1 billion US dollars.

Top 5 variants of goods exported

1. Petroleum products
2. Oil seeds
3. Livestock feed
4. Honey
5. Candles

6. Guatemala - According to the Guatemala Import Data, the valuation of the goods exported from Nicaragua in 2024 - 980 million US dollars.

Top 5 variants of goods exported

1. Electronic equipment
2. Fertilizers
3. Air conditioning units
4. Leather goods
5. Cosmetics & toiletries

7. Canada - According to the Canada Import Data, the valuation of the goods exported from Nicaragua in 2024 - 760 million US dollars.

Top 5 variants of goods exported

1. Insecticides & herbicides
2. Garlic preparations
3. Condiments & seasonings
4. Perfumes & fragrances
5. Vehicles

8. Belgium - According to the Belgium Import Data, the valuation of the goods exported from Nicaragua in 2024 - 654 million US dollars.

Top 5 variants of goods exported

1. Plantains
2. Palm oil
3. Vegetable oils
4. Molasses
5. Pharmaceutical products

9. Germany - According to the Germany Import Data, the valuation of the goods exported from Nicaragua in 2024 - 587 million US dollars.

Top 5 variants of goods exported

1. Honey
2. Soap
3. Leather goods
4. Soaps & detergents
5. Cosmetics & toiletries

10. Venezuela - According to the Venezuela Import Data, the valuation of the goods exported from Nicaragua in 2024 - 434 million US dollars.

Top 5 variants of goods exported

1. Cosmetics & toiletries
2. Plastics
3. Perfumes & fragrances
4. Paints & varnishes
5. Vehicles

FAQ'S

Que. What is the top exported variant of Nicaragua in 2024?
Ans. Coffee is the top exported variant of Nicaragua in 2024.

Que. Name the top export trade partner of Nicaragua in 2024.
Ans. The top export trade partner of Nicaragua in 2024 is the United States.

Que. What is the export trade value of Nicaragua in 2024?
Ans. The export trade value of Nicaragua in 2024 is 7.1 billion US dollars.

Que. Where can you get a detailed trade analysis of the export market of Nicaragua in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the export market of Nicaragua in 2024.

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