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Nicaragua

Nicaragua ranked No. 62 in total trade value through August with a total of $3.68 billion. Exports totaled $1.12 billion and Imports totaled $2.56 billion, a deficit of $1.44 billion.

January – August 2019

Top Trading Ports

Total Trade: $3.68 billion

RankPortTotal YTD
1Port Miami $693,405,569
2Port Everglades, Fla. $487,180,135
3Miami International Airport $319,933,448
4Port of Los Angeles $286,598,256
5Port of Long Beach $253,259,114
6Port of Houston $250,764,520
7Port of New Orleans $160,540,819
8Port of Corpus Christi, Texas $149,787,337
9Port of Wilmington, N.C. $132,121,346
10Port of Gulfport, Miss. $109,631,235

U.S. trade with Nicaragua rose to $3.68 billion through August

Nicaragua’s trade with the United States rose to $3.68 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.79 percent above its total trade during the same time period last year. U.S. exports to Nicaragua increased 4.66 percent while U.S. imports from Nicaragua rose 6.29 percent. The U.S. deficit with Nicaragua was $1.44 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Miami; No. 2 Port Everglades, Fla.; No. 3 Miami International Airport; No. 4 Port of Los Angeles; and No. 5 Port of Long Beach. 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 Miami International Airport and No. 5 Port of New Orleans. In the current time period, the top five accounted for 55.38 percent of Nicaragua’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Miami fell 14.36 percent to $693.41 million.
    Exports fell 14.1 percent to $138.03 million. Imports fell 14.43 percent to $555.37 million.
  • Trade with No. 2 Port Everglades, Fla. rose 6.85 percent to $487.18 million.
    Exports rose 14.97 percent to $119.61 million. Imports rose 4.46 percent to $367.57 million.
  • Trade with No. 3 Miami International Airport rose 33.76 percent to $319.93 million.
    Exports fell 18.14 percent to $59.78 million. Imports rose 56.56 percent to $260.15 million.
  • Trade with No. 4 Port of Los Angeles fell 25.61 percent to $286.6 million.
    Exports fell 75.05 percent to $37.87 million. Imports rose 6.51 percent to $248.73 million.
  • Trade with No. 5 Port of Long Beach rose 801.89 percent to $253.26 million.
    Exports rose 1053.83 percent to $182.1 million. Imports rose 478.57 percent to $71.16 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. 63.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Nicaragua by value through August were the categories of Gasoline, other fuels; Oil; Clothing accessories; Low value shipments; and Corn, respectively. They accounted for 50.25 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 Coffee –– accounted for 60.56 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 15 percent compared to last year to $174.59 million.
  • Oil rose 109.08 percent compared to last year to $149.79 million.
  • Clothing accessories rose 54.59 percent compared to last year to $149.44 million.
  • Low value shipments rose 5.57 percent compared to last year to $45.44 million.
  • Corn rose 6.97 percent compared to last year to $44.68 million.

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

  • T-shirts, tank tops, knit or crocheted rose 15.75 percent compared to last year to $444.01 million.
  • Insulated wire, cable fell 7.74 percent compared to last year to $303.74 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 12.44 percent compared to last year to $288.49 million.
  • Gold rose 14.88 percent compared to last year to $286.47 million.
  • Coffee rose 3.68 percent compared to last year to $229.08 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.