Nicaragua: Exports Up 15%

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.

Wednesday, March 11, 2020

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.

Data detail that beef sales were the main export item, followed by raw gold, coffee and sugar.

Guillermo Jacoby, president of the Association of Producers and Exporters of Nicaragua (APEN), told that "... More than half of the increase is in gold. International commodity price increases continue to rise. This implies that exports will continue to increase if this trend continues."

Jacoby added that he was "... concerned that Covid-19 will affect global consumption and that prices will fall again. This raises concerns about the global economic impact and what investors will do."

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