Nicaragua: Exports to Europe Recover

In the first half of the year exports to European countries totaled $223 million, 46% more than in the same period in 2016.

Wednesday, August 16, 2017

The United Kingdom, Germany, Belgium, Italy and France were the main destinations of goods that Nicaragua exported between January and June of this year.  Gold coffee, shrimp, mangoes, cakes, okra, rum, cacao, sugar cane and leather footwear are the main export products. 

See "Nicaragua: Exports Up 33%"

According to data from the Central Bank, "... the country's export balance to Europe last year was $221.38 million, down from $247.42 million the year before."

Guillermo Jacoby, president of APEN, explained to Laprensa.com.ni that "... the challenge will continue to be to export value-added products, a target that has been raised for the next twenty years, where the aim is that at least sixty percent of what is shipped abroad has a degree of sophistication."This will allow Nicaragua to have sustainable growth of seven percent over five years and change the export matrix with processed products."

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More on this topic

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).

Nicaraguan Products in Fruit Logistic 2011

February 2011

Producers managed to sell $ 4.2 million over three days of participation at the fair.

Azucena Castillo, general manager of the Association of Producers and Exporters of Nicaragua (APEN), said the purchase contracts are for okra, watermelon, ginger and dragon fruit.

"He stressed that those 4.2 million are in addition to what is planned to be exported this year (about 2.200 million dollars) and it also opens new markets," reported Laprensa.com.ni.

New Purchasers at ExpoApen 2009

September 2009

30 new purchasers, mainly from Europe, U.S. and C.A., will participate in Nicaragua's ExpoApen.

The Ninth ExpoApen fair starts next Saturday, together with the First Regional Congress on Traceability and Good Practices.

"Last year, this fair generated business for $26.3 million, $10 million more than the 2007 edition", reported local newspaper La Prensa.

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