Nicaragua: Exports Will Not Rebound in 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.

Monday, January 14, 2019

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.

See "Nicaragua: Sales to Europe Decrease by 9%"

According to APEN, the contraction in foreign exchange earnings is mainly due to the fall in international prices of several products, especially coffee and sugar. reports that the exporters' guild identifies that, by 2019, there are at least eight aspects that will limit the export growth. "... Firstly, it notes, there are no new investments in companies because Nicaragua is now considered a high-risk country for investors. International condemnations, U.S. sanctions and the deterioration of the economy stopped private investment by 2019. In addition to this, there is the probable revision of Cafta, which will discourage any investment in the short term.

Also see "Foreign Direct Investment is Stagnating"

The article highlights that "... Secondly, APEN points out that the lack of credit to the productive sector will affect some exportable items. In addition, 'the lack of labor, because of the migration of a high number of Nicaraguans in labor capacity, product of the uncertainty that the country lives, will be felt in the harvesting of the crops of several crops.

Other factors identified by APEN are El Niño, a climatic phenomenon which generates drought and high temperatures and has a high probability of being settled this year. The international prices of primary products keep falling and will not recover.

The guild states that land invasions to producers continue to impact agricultural activity and that the country's reputation continues to deteriorate which could lead to loss of contracts.

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More on this topic

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: Trade Agreement with Europe At Risk

March 2019

The European Parliament will evaluate Nicaragua's possible suspension of the Association Agreement, which allows 91% of products, mostly agricultural, to enter the 28 EU countries under preferential conditions.

The European Parliament plans to discuss Nicaragua's suspension of the Association Agreement (AA), an agreement that allows 91% of products, mostly agricultural, to enter the 28 EU countries under preferential conditions.

Nicaragua: Exports Keep Falling

February 2019

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.

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.

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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