Nicaragua: Exports Keep Falling

The year-on-year fall of 3.5% reported in exports up to January 2019, results from the contraction of coffee, sugar, peanut and fish sales.

Tuesday, February 12, 2019

Statistics from the Center for Export Procedures (Cetrex) indicate that between January 2018 and the same month in 2019, the country's foreign sales decreased by $8.5 million, going from $239.5 million to $231 million.

Elnuevodiario.com reviews that "... Eight of Nicaragua's 20 main export products recorded a fall in value in January: coffee (-15%), sugar (-16%), peanuts (-11%), fish (-11.2%), other seafood (-23.2%), raw tobacco (-21.3%), cattle (-18.6%) and bananas (-16.3%)."

Regarding what is expected for this year, the article explains that according to the Association of Producers and Exporters of Nicaragua "... there are at least eight factors that will impede the growth of exports in 2019, such as the decrease in investments, the lack of credit to the productive sector, the possibility of the establishment of El Niño, low international prices and invasions of properties."

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More on this topic

Nicaragua: Exports Up 15%

March 2020

During the first two months of the year, the country's sales abroad amounted to $519 million, 15% more than the same period in 2019, a rise that is explained by the increase in international prices.

Figures from the Center for Export Procedures (Cetrex) detail that between the first two months of 2019 and the same period of 2020, exports increased by $68 million, from $450 million to $519 million.

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.

Exports Rebound, But Pessimism Continues

October 2019

Although between January and September 2019, Nicaraguan exports grew 2% compared to the same period in 2018, businessmen say it is because of an atypical behavior of gold and fish sales, not a general improvement.

According to figures from the Center for Export Procedures (Cetrex), between January and September 2018 and the same period in 2019, sales of companies in Nicaragua abroad went from $2.075 million to $2.108 million.

Nicaragua Loses $45 million in Green Coffee Sales

April 2013

Up to March 30, 2013, raw or unroasted coffee sales had fallen by 32%, which means a loss of $45.1 million.

Furthermore, the have been fewer sales of beef, sugar and peanuts, among other products, resulting in total export revenues diminishing by 8%, according to the Center for Export Procedures (Cetrex).

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