Nicaragua

Nicaragua ranked No. 62 in total trade value in 2019 with a total of $5.54 billion. Exports totaled $1.65 billion and Imports totaled $3.89 billion, a deficit of $2.23 billion.

U.S. trade with Nicaragua rose to $5.54 billion in 2019

Nicaragua’s trade with the United States rose to $5.54 billion in 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.7 percent above its total trade of 2018. U.S. exports to Nicaragua increased 3.07 percent while U.S. imports from Nicaragua rose 8.32 percent. The U.S. deficit with Nicaragua was $2.23 billion.

Through December 2019, 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 Houston. In 2018, 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 Houston. In 2019, the top five accounted for 55.04 percent of Nicaragua’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Miami fell 12.55 percent to $1.05 billion.
    Exports fell 8.08 percent to $210.52 million. Imports fell 13.61 percent to $837.44 million.
  • Trade with No. 2 Port Everglades, Fla. fell 1.41 percent to $709.76 million.
    Exports rose 9.08 percent to $176.79 million. Imports fell 4.46 percent to $532.98 million.
  • Trade with No. 3 Miami International Airport rose 31.1 percent to $477.12 million.
    Exports fell 6.11 percent to $96.17 million. Imports rose 45.68 percent to $380.95 million.
  • Trade with No. 4 Port of Los Angeles fell 14.62 percent to $457.86 million.
    Exports fell 67.73 percent to $56.17 million. Imports rose 10.9 percent to $401.69 million.
  • Trade with No. 5 Port of Houston rose 7.58 percent to $355.4 million.
    Exports rose 17.31 percent to $98.24 million. Imports rose 4.27 percent to $257.16 million.

Nicaragua ranked No. 62 among the United States’ top trade partners in 2019. In 2018, it ranked No. 62.

Meanwhile, total U.S. trade with the world decreased to $4.14 trillion, down 1.37 percent compared to 2018. The nation’s exports dropped 1.13 percent to $1.65 trillion; imports dropped 1.53 percent to $2.5 trillion. The nation’s top five countries for 2019, by value, were Mexico; Canada; China; Japan and Germany. The overall trade deficit was $853.23 billion, down compared to 2018 when the deficit was $873.19 billion.

The top five U.S. exports to Nicaragua by value through December 2019 were the categories of Gasoline, other fuels; Oil; Clothing accessories; Low value shipments; and Woven cotton fabrics, more than 200 gms, respectively. They accounted for 49.08 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; Sweaters, pullovers, vests, knit or crocheted; Gold; Insulated wire, cable; and Men’s or boys’ slacks, suits, not knit –– accounted for 60.68 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 12.34 percent compared to last year to $260.43 million.
  • Oil rose 113.48 percent compared to last year to $229.03 million.
  • Clothing accessories fell 5.31 percent compared to last year to $194.75 million.
  • Low value shipments rose 3.3 percent compared to last year to $66.7 million.
  • Woven cotton fabrics, more than 200 gms rose 27.84 percent compared to last year to $60.05 million.

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

  • T-shirts, tank tops, knit or crocheted rose 8.98 percent compared to last year to $646.28 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 19.79 percent compared to last year to $474.12 million.
  • Gold rose 32.25 percent compared to last year to $471.44 million.
  • Insulated wire, cable fell 11.65 percent compared to last year to $443.06 million.
  • Men’s or boys’ slacks, suits, not knit rose 7.25 percent compared to last year to $322.78 million.

In 2018 annual figures available, Nicaragua recorded $5.19 billion in trade with the United States. Total U.S. exports to Nicaragua were $1.6 billion and imports from Nicaragua were $3.59 billion. The U.S. deficit with Nicaragua was $1.98 billion.