Nicaragua: Crisis Affecting Exports

Between April 18 and May 7, the volume of goods exported totaled 138.4 million kilos, 7% less than the volume exported during the same period in 2017.

Friday, May 11, 2018

"... According to figures provided by the president of the Association of Producers and Exporters of Nicaragua (APEN), Guillermo Jacoby, the volume of Nicaragua's exports amounted to 138.4 million kilograms in those 20 days, 10.8 million less than in the same days in April 2017."

Despite the fact that the export volume decreased slightly more than 7%, due to demonstrations and paralysis of activities in some areas affecting the movement of merchandise, the export value registered a slight increase of 1.6%.

Elnuevodiario.com.ni reports that "...The APEN had already reported last week that "during the period from April 19 to 26, when there were tragic events in our country (which left more than 40 people dead in the protests), there was a decrease in exports amounting to a value of US $12.8 million (-16.2%) compared to the same days in the month of April last year'."

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Rebound in Exports, Despite the Crisis

December 2019

In a context of economic recession, Nicaraguan exports have recorded good performance, as to November 2019 revenues totaled $2,536 million, 4% higher than reported in the same period of 2018.

Figures from the Centro de Tramites de Exportaciones (Cetrex) detail that between January and November 2018 and the same period in 2019, foreign sales increased by $89 million, going from $2,447 million to $2,536 million.

Nicaragua Loses Trade Partners

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During the first five months of the year, exports totaled $1.145 million, 10% less than in the same period in 2018, and export destinations also declined in the period concerned.

According to data from the Centro de Trámites de Exportaciones (Cetrex), between January and May 2018 and the same period in 2019, foreign sales decreased by $134 million, going from $1.279 million to $1.145 million.

Nicaragua: Exports Will Not Rebound in 2019

January 2019

The exporters' guild estimates that the new year will be difficult for the country's economy, since there are multiple factors that threaten the growth of foreign sales.

The Association of Producers and Exporters of Nicaragua (APEN) reported that the expectation of year-on-year increase in export revenue for 2018 ranged between 6% and 10%, however, there was a 1% decrease.

Gloomy Prospects for Exports

June 2018

Nicaraguan business leaders estimate that in the months of June and July there will be drastic drops in exports.

In the first five months of the year, the country sold $1.282 billion worth of goods abroad, which is 2% more than what was reported in the same period in 2017. However, the business sector says that this increase was due to the fact that many exporters decided to liquidate most of their inventory at the beginning of the crisis. 

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