[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · NIC · 2024
Nicaragua trade profile
In 2024, Nicaragua recorded $8.5B in merchandise exports and $10.4B in imports, producing a $1.9B trade deficit. Exports changed +5.2% from the previous year, while imports changed +9.8%.[1]
Exports
$8.5B
+5.2%
Imports
$10.4B
+9.8%
Trade balance
-$1.9B
deficit
Active partners
270
39 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$1.8B
HS 61 · HS chapter
106 active HS6 lines · 109 export partners
2$1.4B
HS 71 · Precious metals and stones
26 active HS6 lines · 21 export partners
3$1.0B
HS 85 · Electrical machinery
255 active HS6 lines · 92 export partners
4$789.3M
HS 02 · HS chapter
35 active HS6 lines · 19 export partners
5$533.5M
HS 09 · HS chapter
35 active HS6 lines · 85 export partners
6$490.8M
HS 24 · HS chapter
9 active HS6 lines · 113 export partners
7$394.4M
HS 27 · Mineral fuels and oils
30 active HS6 lines · 23 export partners
8$308.1M
HS 62 · HS chapter
112 active HS6 lines · 97 export partners
Leading export markets
Destinations rank bilateral export flows from Nicaragua; growth describes each corridor rather than the whole economy.
1$4.2B
United States
Annual change -2.4% · 3-year CAGR 0.2%
2$861.0M
Mexico
Annual change -6.7% · 3-year CAGR 6.6%
3$602.5M
Canada
Annual change +21.8% · 3-year CAGR 84.0%
4$465.5M
El Salvador
Annual change -0.6% · 3-year CAGR 7.4%
5$392.2M
Honduras
Annual change +11.6% · 3-year CAGR 6.9%
6$369.0M
Senegal
Annual change +24653.5% · 3-year CAGR 1192.8%
7$216.6M
Costa Rica
Annual change -7.5% · 3-year CAGR 5.9%
8$167.3M
Switzerland
Annual change +6.6% · 3-year CAGR 10.3%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.