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Nicaragua

Nicaragua ranked No. 62 in total trade value through October with a total of $4.37 billion. Exports totaled $1.34 billion and Imports totaled $3.03 billion, a deficit of $1.69 billion.

January – October 2018

Top Trading Ports

Total Trade: $4.37 billion

RankPortTotal YTD
1Port Miami $1,015,379,672
2Port Everglades, Fla. $589,805,733
3Port of Los Angeles $455,590,762
4Miami International Airport $306,699,948
5Port of Houston $285,802,928
6Port of New Orleans $272,743,547
7Hartsfield-Jackson Atlanta International Airport $215,591,996
8Port of Gulfport, Miss. $111,731,489
9Port of Long Beach $98,076,453
10Port of Southern Louisiana, Gramercy, St. James Parish $93,957,849

U.S. trade with Nicaragua rose to $4.37 billion through October

Nicaragua’s trade with the United States rose to $4.37 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.02 percent above its total trade during the same time period last year. Nicaragua’s exports increased 4.33 percent while imports rose 9.74 percent. The U.S. deficit with Nicaragua was $1.69 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Miami; No. 2 Port Everglades, Fla.; No. 3 Port of Los Angeles; No. 4 Miami International Airport; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Port Miami No. 2 Port Everglades, Fla. No. 3 Port of Los Angeles No. 4 Port of Houston and No. 5 Miami International Airport. In the current time period, the top five accounted for 60.69 percent of Nicaragua’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Miami rose 3.44 percent to $1.02 billion.
    Exports fell 6.04 percent to $195.59 million. Imports rose 6 percent to $819.79 million.
  • Trade with No. 2 Port Everglades, Fla. rose 2.98 percent to $589.81 million.
    Exports fell 6.92 percent to $132.61 million. Imports rose 6.25 percent to $457.19 million.
  • Trade with No. 3 Port of Los Angeles rose 3.26 percent to $455.59 million.
    Exports fell 7.25 percent to $164.25 million. Imports rose 10.31 percent to $291.35 million.
  • Trade with No. 4 Miami International Airport rose 14.97 percent to $306.7 million.
    Exports fell 16.66 percent to $88.7 million. Imports rose 35.96 percent to $217.99 million.
  • Trade with No. 5 Port of Houston fell 0.86 percent to $285.8 million.
    Exports rose 19.33 percent to $76.63 million. Imports fell 6.65 percent to $209.17 million.

Nicaragua ranked No. 62 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 62.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Nicaragua by value through October were the categories of Gasoline, other fuels; Clothing accessories; Oil; Low value shipments; and Corn, respectively. They accounted for 44.1 percent of total exports to Nicaragua.

The value of the top five categories of U.S. imports from Nicaragua –– T-shirts, tank tops, knit or crocheted; Insulated wire, cable; Sweaters, pullovers, vests, knit or crocheted; Gold; and Men’s or boys’ slacks, suits, not knit –– accounted for 59.11 percent of all inbound shipments.

Looking more closely at U.S. exports to Nicaragua:

  • Gasoline, other fuels rose 32.07 percent compared to last year to $259.33 million.
  • Clothing accessories rose 37.03 percent compared to last year to $144.74 million.
  • Oil rose 90.96 percent compared to last year to $84.07 million.
  • Low value shipments rose 8.84 percent compared to last year to $53.98 million.
  • Corn rose 20.45 percent compared to last year to $50.36 million.

Looking more closely at U.S. imports from Nicaragua:

  • T-shirts, tank tops, knit or crocheted rose 2.02 percent compared to last year to $480.79 million.
  • Insulated wire, cable fell 2.59 percent compared to last year to $421.39 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 7.28 percent compared to last year to $338.97 million.
  • Gold rose 42.17 percent compared to last year to $307.17 million.
  • Men’s or boys’ slacks, suits, not knit rose 15.92 percent compared to last year to $241.99 million.

In the latest annual figures available, Nicaragua recorded $4.85 billion in trade with the United States. At year’s end, its were Miami; Los Angeles; Houston; New Orleans; and Wilmington. Total U.S. exports to Nicaragua were $ 1.58 billion and imports from Nicaragua were $3.26 billion. The U.S. deficit with Nicaragua was $1.68 billion.