Nicaragua is an economically growing country in Central America; it occupies a land area of 130,380 square kilometers and is bordered by Honduras and Costa Rica in the north and South direction. The country has a rich cultural heritage influenced by indigenous cultures like Spanish colonization and different foreign interventions. The country is mostly known for its rich biodiversity and abundance of natural reserves supporting its ecosystem, wildlife, and natural landscapes. Accompanying the picturesque scenic views, the natural reserves attracting tourist visits each year are Bosawás Biosphere Reserve, Indio Maíz Biological Reserve, and Mombacho Volcano Natural Reserve contributing to the nation’s growing economy.

Nicaragua with its advancement of industrial technologies has been growing as one of the top import traders across the globe, the main attributing factors like Infrastructure Development, Diversifying Economic Sectors, Trade Agreements and Partnerships, Energy Sector Growth, Foreign Direct Investment, Strategic Location and Expansion of Port Facilities have recorded a total import value of 10.9 billion US dollars in 2023. The GDP of the nation has recorded a representative value of 19 billion US dollars in 2023 with a growth rate of 3.4% from the past year.

Top 10 Import Partners of Nicaragua in 2023

Nicaragua has been emerging as one of the top global traders across different trade destinations in the globe because of its continuous efforts in building up the trade rate by evolving infrastructure, development of ports, and partnership with top traders, and tariff reduction. According to the Nicaragua Import Data, the top 10 import partners of the nation with its trade values and imported products are discussed below,

1. United States – According to the USA Import Data, the valuation of imports in 2023 -2.9 billion US dollars: Trade Share - (24%)

Imported Products

A. Machinery and Equipment
B. Mineral Fuels
C. Vehicles and Parts
D. Pharmaceuticals
E. Electronics

2. China – According to the China Import Data, the valuation of imports in 2023 -1.35 billion US dollars: Trade Share - (12.6%)

Imported Products

A. Electronics and Electrical Machinery
B. Textiles and Apparel
C. Vehicles and Automotive Parts
D. Plastics and Plastic Articles
E. Furniture

3. Mexico – According to the Mexico Import Data, the valuation of imports in 2023 -1.05 billion US dollars: Trade Share - (9.35%)

Imported Products

A. Vehicles and automotive parts
B. Machinery and equipment
C. Electronic goods
D. Chemicals
E. Processed foods and beverages

4. Honduras – According to the Honduras Import Data, the valuation of imports in 2023 -900 million US dollars: Trade Share - (9.18%)

Imported Products

A. Agricultural products
B. Textiles and apparel
C. Chemical products
D. Machinery and equipment
E. Processed foods

5. Guatemala – According to the Guatemala Import Data, the valuation of imports in 2023 -854 million US dollars: Trade Share - (7.81%)

Imported Products

A. Agricultural products
B. Textiles and apparel
C. Chemicals
D. Food and beverages
E. Machinery and equipment

6. Costa Rica – According to the Costa Rica Import Data, the valuation of imports in 2023 -674 million US dollars: Trade Share - (6.19%)

Imported Products

A. Medical and pharmaceutical products
B. Machinery and equipment
C. Electrical and electronic equipment
D. Agricultural products
E. Processed foods

7. EL Salvador – According to the EL Salvador Import Data, the valuation of imports in 2023 -432 million US dollars: Trade Share - (3.97%)

Imported Products

A. Textiles and apparel
B. Machinery and equipment
C. Agricultural products
D. Processed foods and beverages
E. Chemicals

8. India – According to the India Import Data, the valuation of imports in 2023 -375 million US dollars: Trade Share - (3.4%)

Imported Products

A. Pharmaceuticals
B. Chemicals
C. Textiles
D. Machinery and equipment
E. Automobiles and auto parts

9. Ecuador – According to the Ecuador Import Data, the valuation of imports in 2023 -262 million US dollars: Trade Share - (2.42%)

Imported Products

A. Bananas
B. Crude oil and petroleum products
C. Fish and seafood
D. Textiles and apparel
E. Processed foods

10. Japan – According to the Japan Import Data, the valuation of imports in 2023 -228 million US dollars: Trade Share - (1.95%)

Imported Products

A. Automobiles and auto parts
B. Machinery and equipment
C. Electronic goods
D. Pharmaceuticals
E. Chemicals

Top 10 Producers of Nicaragua in 2023

According to the Nicaragua Trade Data, the top 10 producers of the nation in 2023 with its zone of production are discussed below,

• Cervecería Nacional – The Cervecería Nacional is mainly involved in the production of globally sought-after commodities beverages like beer.

• LALA Nicaragua – LALA Nicaragua is responsible for the majority of the dairy production in the nation mainly milk and cheese.

• Industrias LALA – Industrias LALA is responsible for fulfilling the domestic needs of dairy production.

• NicaFruits - The NicaFruits manages the import and export of the food trades with top global exporters contributing to its agricultural sector.

• Compañía Cervecera de Nicaragua – The Compañía Cervecera de Nicaragua is responsible for the import and export of soft drinks.

• Grupo Lala Nicaragua – The Grupo Lala Nicaragua is responsible for the import and export trade of food products including packet food items and other beverages.

• Nicaragua Sugar Estates Limited (NSEL) – This Company is mainly involved in the production of sugar and its exports.

• Cementos de Nicaragua (Cenica) - The Company named Cementos de Nicaragua (Cenica) is mainly involved in the production of construction materials, like cement and other necessities.

• Biosfera – Biosfera is involved in the production of top agricultural products like coffee and other specialty crops.

• Exportadora de Café – This Company is a significant contributor to the coffee export industry of the nation.

Import Trade Statistics of Nicaragua for the Last 10 Years

1. Import trade value of Nicaragua in 2013 – 5.8 billion US dollars

2. Import trade value of Nicaragua in 2014 – 5.72 billion US dollars

3. Import trade value of Nicaragua in 2015 - 6.5 billion US dollars

4. Import trade value of Nicaragua in 2016 – 6.18 billion US dollars

5. Import trade value of Nicaragua in 2017 – 6.2 billion US dollars

6. Import trade value of Nicaragua in 2018 – 6.9 billion US dollars

7. Import trade value of Nicaragua in 2019 – 7.2 billion US dollars

8. Import trade value of Nicaragua in 2020 – 7.56 billion US dollars

9. Import trade value of Nicaragua in 2021 – 8.45 billion US dollars

10. Import trade value of Nicaragua in 2022 – 8.92 billion US dollars

FAQ’s

Que. What is the import trade value of Nicaragua in 2023 with values?
Ans. The Import Trade value of Nicaragua in 2023 is 10.9 billion US dollars.

Que. Who is the top producer of Nicaragua in 2023?
Ans. Cervecería Nacional is the top producer of Nicaragua in 2023.

Que. Where can you get the detailed trade analysis of Nicaragua trade 2023?
Ans. At Import Globals, you can get the detailed trade analysis of Nicaragua trade 2023 with values.

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