Trade Growing Between Germany and Nicaragua

Of the $173 million that both countries sold in 2017, $130 million corresponded to goods imported from Germany, including medical and pharmaceutical products.

Wednesday, February 28, 2018

Figures from the Investor's Guide 2017-18, presented by the Nicaraguan - German Chamber of Commerce and Industry, detail that in addition to medical and pharmaceutical products, among the products that are also imported from the European country are lamp holders, electrical outlets, coated fabrics, fiber optic connectors, herbicides and electrical conductors.

Elnuevodiario.com.ni reports that "...In the first six months of 2017, shipments of Nicaraguan merchandise to Germany totaled US $36.2 million, while imports from Germany totaled US $137.56 million. The main export products to Germany are coffee, bananas, cigars, cocoa, honey and rum."

"... Coffee, the main product exported to Germany, up until the first half of 2017 accounted for 40.1%, equivalent to US $19.33 million. Second place is occupied by bananas, with 20.3% of the total (US $9.81 million). US $4.4 million worth came from exports of cigars, cocoa and honey, (9.1% of the total)."

More on this topic

Honduras: Exports Go Down 3%

December 2018

Between January and October of this year, sales abroad totaled $3.785 million, registering a decrease of almost 3% compared to the total accumulated in the same period of 2017.

The Central Bank of Honduras reported that in the first ten months of the year the value of exports totaled US$3,784.6 million, showing a 2.8% decrease (US$107.9 million) compared to October 2017, evolution basically related to the reduction in sales of coffee, palm oil, used gold accessories and shrimp, partly reduced by greater external shipments of paper and cardboard, zinc and plastic and their manufactures.

Honduras: Exports Up 17% in 2017

March 2018

In 2017 exports totaled $4,564 million, 17% more than what was recorded in 2016, due to an increase in coffee and palm oil sales.

The Central Bank of Honduras (BCH) reported that the increase reported in 2017 is attributed to " ... increased sales of coffee, palm oil, shrimp, iron and its manufactures and paper and cardboard, products that together explain 89.9% of the observed annual increase.

Business Between Nicaragua and Germany

April 2014

A new trade mission to Germany involving local companies is being coordinated by the German-Nicaraguan Business Club and in September companies from the European country will arrive in Nicaragua.

The German government's initiative intends to further strengthen business and trade relations between the two countries. In 2013 Germany was the fourth largest international purchaser of Nicaraguan products.

Nicaraguan Trade Mission to Chile

April 2012

A total of 17 Nicaraguan entrepreneurs and producers will take part in a trade mission to visit the Andean country from 16th to 19th April.

Beef, cigars, handicrafts, and organic products such as roselle and honey have "great potential to break into the Chilean market," said Roberto Brenes, general manager of the Export and Investment Center (CEI).

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