The Center for Export Procedures (CETREX) reported a decrease of 0.94% in the volume of foreign sales, registering 849,563.6 metric tons between January and May compared to 857,605.6 metric tons in the first five months of 2012.

The fall in international prices of traditional products such as coffee, peanuts, bananas, gold, beans, seafood and dairy products, is due to a decrease in the value of exports, said the CETREX.

"Also, the agency said the United States continues to be the main destination for exports from Nicaragua (26.22% market share), followed by Venezuela (16.68%) and Canada (11.57%). The three countries combined buy more than half of the total amount of Nicaraguan products," noted an article in Eleconomista.net.

Green coffee was the main export product of Nicaragua, in the first five months of the year, whose earnings were $209.4 million, followed by the raw gold with $188.7 million and beef with $159.9 million.

Source: ElEconomista.net

More on this topic

Nicaraguan Exports Down 6.9%

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During the first nine months of 2013, exports totaled $1,9268 billion, while in the same period of 2012 they were $2.0703 billion.

The information was published by the Center for Export Procedures (CETREX), who reported that the volume of foreign sales suffered a decline of 2.1% between January and September, as last year 1,337,991.6 tons was reported and in the same period of 2012 there were 1,366,962.1 tons.

Nicaragua: Despite Rust Blight, Coffee Exports Up 26%

September 2013

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During the first 11 months of the 2012-13 crop 2.4 million quintals of coffee have been exported, compared to 1.9 million quintals in the previous harvest.

Nicaraguan Exports Down 7.2%

August 2013

In the first seven months of 2013 foreign sales totaled $1.520 billion, while in the same period in 2012, exports were $1.638 billion.  

In addition, the Center for Export Procedures (CETREX) reported a 3.8% drop in the volume of exports, as between January and July 1,100,944.8 tons were reported, while in the same months in 2012 the amount was 1,144,752.4 metric tons.

8.7% decrease in Nicaraguan Exports

July 2013

During the first half of 2013, exports closed at $1.308 billion, $124 million less compared to sales in the same period in 2012, when the figure reported was $1.432 billion.

According to the Center for Export Procedures (CETREX) major Nicaraguan export destinations are the United States, Venezuela, Canada, El Salvador and Costa Rica. In terms of volume, the decline is 2.95%, while in mid-2012 this indicator grew by 10.90%.