Nicaragua

Nicaragua ranked No. 59 in total trade value through June with a total of $2.31 billion. Exports totaled $666.64 million and Imports totaled $1.64 billion, a deficit of $977.27 million.

U.S. trade with Nicaragua rose to $2.31 billion through June

Nicaragua’s trade with the United States rose to $2.31 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.9 percent below its total trade during the same time period last year. U.S. exports to Nicaragua decreased 23.19 percent while U.S. imports from Nicaragua fell 11 percent. The U.S. deficit with Nicaragua was $977.27 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Miami; No. 2 Miami Int’l Airport; No. 3 Port Everglades, Fla.; No. 4 Port of Los Angeles; 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 Miami Int’l Airport; No. 4 Port of Los Angeles and No. 5 Port of Long Beach. In the current time period, the top five accounted for 58.26 percent of Nicaragua’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Miami fell 22.45 percent to $395.53 million.
    Exports fell 13.35 percent to $93.66 million. Imports fell 24.9 percent to $301.87 million.
  • Trade with No. 2 Miami Int’l Airport rose 35.64 percent to $309.24 million.
    Exports rose 33.93 percent to $59.02 million. Imports rose 36.05 percent to $250.22 million.
  • Trade with No. 3 Port Everglades, Fla. fell 23.99 percent to $271.99 million.
    Exports fell 9.54 percent to $80.51 million. Imports fell 28.78 percent to $191.48 million.
  • Trade with No. 4 Port of Los Angeles fell 14.87 percent to $186.13 million.
    Exports rose 13.72 percent to $32.23 million. Imports fell 19.13 percent to $153.9 million.
  • Trade with No. 5 Port of Houston fell 4.33 percent to $183.22 million.
    Exports rose 18.6 percent to $79.19 million. Imports fell 16.6 percent to $104.03 million.

Nicaragua ranked No. 59 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 $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Nicaragua by value through June were the categories of Oil; Clothing accessories; Gasoline, other fuels; Corn; and Low value shipments, respectively. They accounted for 40.38 percent of total exports to Nicaragua.

The value of the top five categories of U.S. imports from Nicaragua –– Gold; T-shirts, tank tops, knit or crocheted; Coffee; Sweaters, pullovers, vests, knit or crocheted; and Insulated wire, cable –– accounted for 56.65 percent of all inbound shipments.

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

  • Oil rose 1.79 percent compared to last year to $119.12 million.
  • Clothing accessories fell 63.58 percent compared to last year to $46.33 million.
  • Gasoline, other fuels fell 67.38 percent compared to last year to $45.01 million.
  • Corn fell 6.93 percent compared to last year to $32.75 million.
  • Low value shipments fell 26.2 percent compared to last year to $26 million.

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

  • Gold rose 25.28 percent compared to last year to $240.72 million.
  • T-shirts, tank tops, knit or crocheted fell 29.75 percent compared to last year to $234.09 million.
  • Coffee rose 9.53 percent compared to last year to $183.27 million.
  • Sweaters, pullovers, vests, knit or crocheted fell 22.65 percent compared to last year to $146.3 million.
  • Insulated wire, cable fell 42.37 percent compared to last year to $126.92 million.

In the latest annual figures available, Nicaragua recorded $5.54 billion in trade with the United States. Total U.S. exports to Nicaragua were $ 1.65 billion and imports from Nicaragua were $3.89 billion. The U.S. deficit with Nicaragua was $2.23 billion.