Nicaragua: Exports Fall 2%

Because of the decline in sales in the agricultural sector, up to September of this year exports totaled $2.000 million, 2.3% less than what was reported in the same period of 2017.

Monday, December 3, 2018

The Central Bank of Nicaragua (BCN) reported that in the case of exports, reductions were registered in the agricultural (-7.8%) and manufacturing (-3.0%) sectors; in contrast, growth was noted in: mining (14.4%) and fishery products (4.1%), continuing with the positive trend observed in recent months.

The report explains that at the end of September, the trade deficit of merchandise totaled 1,823.6 million dollars, which was lower by 231.3 million dollars (-11.3%) than the deficit reported for the same period in 2017.

For the January-September 2018 period, CIF merchandise imports registered a 7.0 percent year-on-year decrease, totaling US$ 4.105.7 million. Similarly, there was a 6.8 percent decrease in FOB terms, totaling 3,823.7 million dollars up to September 2018.

On the other hand, the decrease registered in FOB imports was related to declines in foreign purchases of capital goods (-22.5%), intermediate goods (-10.7%) and consumer goods (-5.2%), despite the increase of 17.9% observed in the oil bill at the end of September.

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More on this topic

Honduras: Trade Deficit up 11%

March 2019

During the first month of the year, the trade balance recorded a deficit of $473 million, resulting in a 10.7% increase over the $427 million reported in January 2018.

In January 2019, the general merchandise trade balance registered a deficit of $472.5 million, $45.4 million higher than that recorded in the same month of 2018, as a result of: imports that totaled $823 million ($15.8 million less than those of January 2018), compared to exports that reflected a value of $350.5 million ($61.2 million lower than those of the same month of the previous year), informed the Central Bank of Honduras (BCH).

Nicaraguan Imports Go Down 14%

January 2019

Because of the decrease in purchases of capital goods, between January and November 2018 the country registered imports of $4.468 million, 14% less than in the same period of 2017.

The report of the Central Bank of Nicaragua states that "... The trade deficit of goods was 2,113.1 million dollars, for the January-November 2018 period, being this lower by 714.7 million dollars to the observed in the same period of 2017 (-25.3%). This deficit continued with a downward trend, because of the decreases registered in imports since May, which registered a 14.2 % year-on-year reduction in the January-November period. Meanwhile, exports showed recovery, in year-on-year terms, in October (1.4%) and November (12.1%), resulting in a -1.1% year-on-year variation in the January - November 2018 period."

Nicaragua: Exports Decrease 2%

October 2018

Between January and August of this year, sales abroad totaled $1.824 billion, registering a contraction of 2% with respect to the same period in 2017.

The Central Bank of Nicaragua (BCN) reported that at the end of August, the merchandise trade deficit "... Totaled $1,619.5 million, which was $174.2 million (-9.7%) lower than the deficit observed in the same period of 2017."

Nicaragua: Trade Deficit Grows 3%

August 2018

At the end of the first semester, the commercial deficit of goods amounted to $1.282 billion, 3% more than in the same semester of 2017, and exports were reduced by almost 4% in the same period.

From a statement issued by the Central Bank of Nicaragua:

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