Nicaragua Looking for New Export Markets

Next year, the Center for export aims to open non traditional markets such as China and Russia.

Thursday, December 16, 2010

Roberto Brenes, general manager of the Center for Exports and Investment in Nicaragua, in his final report for 2010, noted that an increase in exports is expected for 2011, as external markets recover.

"According to Brenes, although access and positioning in new markets is a slow process, Nicaraguan products are in greater demand. These markets are demanding more finished products, although Nicaragua has done mostly fresh products and that is the area where we need to work the most”, reported the article in Elnuevodiario.com.ni.



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In the last decade the sector has been boosted as the number of countries receiving exports increased to 147.

In 2001, of the total foreign sales, 55.4% were to the U.S., 20.7%, to Central America, 6.5% to Europe and 17.4% to the rest of the world.

Ten years later in 2010, the U.S. receives 38.5%, Central America 26.3%, Europe 5.1%, and 28.1% goes to the rest of the world.

Nicaragua: High Prices for Soybean Drive Production

May 2011

The country could significantly increase production and start exporting within two years.

The signing of a cooperation agreement between the Export and Investment Center (CEI), the Research Institute of Organic Agriculture (FiBL) and the Dutch network Solidarity will increase the cultivation of conventional and organic soy, and then export the grain to international markets.

Nicaragua Triples Exports to Canada

March 2011

So far 2011, Canada is the second largest trading partner, with a total of $ 55 million in exports from January to March.

During the same period of 2010, the amount of sales to that country amounted to $ 16.8 million.

Despite improvement in exports, María José Guerrero, executive at the Center for Exports and Investment said it is necessary to increase the number of exportable products in order to increase sales.

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