Nicaragua: Exports Up 33%

Foreign sales in the first quarter of the year generated $740 million, which represents an increase of 33% compared to same period in 2016.

Thursday, June 15, 2017

From a report by the Central Bank of Nicaragua:

At the end of the first quarter of 2017, the general merchandise trade deficit amounted to US $580.7 million, a significant reduction of 21.5 percent compared to the same period in 2016 (US $ -739.3 million).

The value of FOB merchandise exports amounted to US $740.5 million during the first quarter of 2017, generating a year-on-year increase of 33.5 percent compared to the same period in 2016. The main export products continued to be coffee, meat, gold, sugar and dairy, which together accounted for 68.9 percent of the total value exported in the period. 

During the period January-March 2017, imports of CIF merchandise totaled US $1,423.1 million, a year-on-year increase of 1.8 percent; while in FOB terms they amounted to US $1,321.1 million, resulting in a growth of 2.1 percent, compared to 2016.

The value of the oil bill amounted to US $202.6 million in the first quarter, surpassing by US $69.6 million the total observed in 2016.

Finally, Gross exports from the Free Zone totaled US $661.5 million, an increase of 3.5 percent over 2016. At the sectoral level, textiles, harnesses and tobacco accounted for 86 percent of the total gross value exported up to March 2017.

See " Foreign Trade Report March 2017 " (In Spanish)

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