Economic Crisis Already Felt in Nicaragua

Lower demand and prices for the primary products of export have caused the country’s sales revenue to fall by 29%.

Wednesday, February 18, 2009

Ervin Sánchez writes in "Information supplied by the Center of Export Procedures is at the same time verifyed in an analysis carried out by the economist Adolfo Acevedo, who is an advisor of the Civil Coordinator. The real fall of exports, according to the analysis on the issue, which was done by Acevedo, began in November 2008, indicating that to September exports were growing strongly in comparison with the same month of 2007."

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Exports rose 40 percent

March 2008

Nicaragua exported in the first two months of the year 270.4 million dollars, 40.09 percent more than the same period of 2007, the main destinations being the United States and Central America, reported the Center for Export Procedures (Cetrex) government.

The main exports during this period were sugar cane, coffee, gold, beef, alcoholic beverages and liquid, beans, peanuts, raw gold and base metals and manufactured.

The value of Nicaraguan exports grows

August 2008

The Export and Investment Center (CEI) expects that the country's exports at the end of the current year will reach a total value of $1.5 billion.

Robert Brenes, General Manager of CEI, says that in reality, during the first six months of the year, there was an increase of 30% in exports in relation the same period in 2007, especially in exports to the United States, which is Nicaragua's main trading partner.

Guide to Business in Nicaragua

November 2012

General information for investors has been released, in bilingual format, detailing competitive advantages, investment opportunities in strategic sectors, legal and investment incentives.

Contents of the Guide Doing Business in Nicaragua 2012-2013:
I. Getting to know Nicaragua

Nicaragua Selling Few Items to Mexico

July 2011

Nicaragua's exports to Mexico between 1998 and 2010 grew by 400%, but are characterized by very low diversification.

Thirteen years after the signing of the FTA between both countries, Nicaraguan exports have grown by about 400%, but are based on only a few products.

Of all the products that the country sells under the treaty, 96% are from a list of only 13 products which include shrimp, crawfish, rum, sesame, coffee and meat offal.

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