Nicaragua: Sales of Appliances Also Growing

The import of goods for home use grew by 18% in November 2015, thanks to factors such as the drop in fuel prices and the increase in remittances.

Wednesday, January 13, 2016

The value of household articles also recorded double-digit growth (10.9%), going from $143.7 million purchased between January 1 and November 30, 2014, to $159.3 million in the same period in 2015, according to the Central Bank of Nicaragua (BCN). The volume measured in tons increased in the reference period by 17.9%.

The president of the Chamber of Commerce and Services of Nicaragua (CNSC), Rosendo Mayorga, told laprensa.com.ni that "... one of the factors that affected the increase in imports of goods for home use was the drop in fuel costs. The increase in remittances has also led to more people buying these products. "

"... Among the items which are mostly paid for abroad are cell phones, followed by televisions and refrigerators. Antennas and accessories, conventional telephones, camcorders, stoves, washing machines, electric irons, radios and stereos "are also in the list.

¿Busca soluciones de inteligencia comercial para su empresa?

Do you need more information about your business sector?

Request more information:









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Crisis Causes Delays in Customs

September 2018

The business sector in Nicaragua has denounced the fact that customs control processes for goods are taking longer than normal, due to the fact that the authorities are carrying out "security" inspections.

Before the start of the socio-political crisis, the risk management system, whose function is to determine how much imported merchandise should be inspected, operated at random and inspected 20% of total purchases coming from abroad. However, in recent months authorities have chosen to inspect all of the merchandise, generating significant delays at customs enclosures.  

The Losses Generated by the Crisis

May 2018

In Nicaragua, retail companies estimate that the damages caused to their facilities and inventory, together with the drop in consumption, have already generated losses of $70 million.

In the same vien as the situation reported by companies in the tourism sector days ago, the Chamber of Commerce and Services of Nicaragua (CCSN) has reported that due to the crisis affecting the country, entrepreneurs engaged in commercial activities have recorded losses of approximately $10 million in their facilities, $26 million in damage to their inventories and $35 million in damages to consumption.

Good Prospects for Retail in Nicaragua

November 2017

The retail industry projects $680 million in sales in the Christmas and end of the year season, which would represent a 7% increase compared to the 2016 season.

The Chamber of Commerce and Services of Nicaragua projects an increase in sales in the two months remaining until the end the year, especially for products such as food, beverages, textiles, clothing, toys, appliances and vehicles.

Sale of home appliances drop in Guatemala

December 2008

As of november this year, the country imported $162.56 million in home appliances, $3.5 milion lest than the same period in 2007.

Even though the reduction in imports in 2008, when compared to last year is small, the importers and distributors; hence the drop in sales was expected.

ok