Growth in Cellphone Market in Nicaragua

Imports of cell phones have grown by 10% over the past 5 years, going from $57 million in 2010 to $63 million in 2015.

Wednesday, July 13, 2016

Figures provided by the Business Intelligence unit at show that imports of cell phones measured in tons increased from 342 to 455 between 2010 and 2015. According to the Foreign Trade report by the Central Bank of Nicaragua, "... this product occupies first place in imports of durable consumer goods".

"... In 2013, the Nicaraguan Institute for Telecommunications and Post ( Telcor) said that the growth of cell phone users rose from 4.8 million users in 2011, to about 6.8 million in December 2013. "

See: "Doing Business With Mobile Phones" reports that "...The presence of smart phones nationwide is growing rapidly due to, among other things, the need to communicate in a better way, an example of which is that of the 9 out of 10 people who have a cell phone, 81% opt for a smart phone, according to a survey by students at the Central American University (UCA). "


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