The union of exporters estimates that between January and November of 2017 they have sold goods and services abroad worth $2.473 billion, 20% more than in the same period in 2016.
According to estimates by the Association of Producers and Exporters of Nicaragua (APEN) during the first 11 months of this year total exports added up to $2.47315 billion, these exceed by 20% the $2.05667 billion recorded in sales abroad in the same period in 2016
Over 160 thousand tons have been sold, but at lower prices than in the previous harvest.
During the 2012-13 harvest, the sugar industry exported 400 thousand tons of grain, 160 thousand tons more than in the previous one. However, the value of sales did not behave the same as the volume exported, because revenues were between $210 million and $220 million, similar to the amount in the last harvest.
Foreign sales of processed foods have grown 30% in the past five years and currently represent 15% of all exports.
According to Sofana Lopez, an International Markets Information analyst at the Center for Exports and Investment (CEI), coffee and beef products are the leading exports of food in general.
Elnuevodiario.com.ni reports: "... as for foods with higher degrees of processing, sugar for export stands out, accounting for approximately 30% of the total export value of processed food sector for the country in 2012 ". Shelled peanuts represented 17%, cheese 11%, soybean oil 8% , milk powder 6% and peanut oil 5% .
At the end of the current crop, coffee exports in Latin America, excluding Brazil, totaled 29.3 million bags of 60 kilos.
The figures, provided by Anacafé exports include Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, the Dominican Republic, Colombia and Peru.
"Colombia had the best sales, registering an increase of 21.16% compared to the previous harvest.
The total value of sales decreased slightly compared to the previous crop due to low prices paid on the international market.
During the first 11 months of the 2012-13 crop 2.4 million quintals of coffee have been exported, compared to 1.9 million quintals in the previous harvest.
These figures were provided by the Center for Export Procedures (CETREX). Revenue however, declined by 0.3%.
With respect to the 2011-2012 harvest, sales from the current harvest have increased by 28% in Nicaragua, 7% in El Salvador, and 4% in Guatemala, while Honduras sold 16% less and Costa Rica's sales remained the same.
From a report by the National Coffee Association of Guatemala (Anacafé):
Coffee exports from nine Latin American countries, excluding Brazil, rose by 6.04% in the first 10 months of the current crop, which began in October 2012, said the National Coffee Association of Guatemala (Anacafé) yesterday.
In late 2012, one year after the signing of the new trade agreement, trade between Mexico and the region totaled $9.3 billion.
This information was released by the Mexican ambassador in San Salvador, Raul Lopez Lira. "On September 1 the Central American countries will celebrate the first anniversary of the unified treaty between Mexico and the region with a significant increase in trade ...", reported Laprensa.com.ni article.
The first half of the year has already seen the export of all of the 1,800 tonnes of quota available under the commercial treaty of 2010.
Nicaragua has requested an extension of the annual quota of 1,800 tons of beef which the Central American country currently exports under a trade agreement in force since 2010.
Orlando Solorzano, chief of the Ministry of Development, Industry and Trade (Mific) and Joseph Adam Aguerri, president of the Superior Council of Private Enterprise (Cosep) confirmed that the country wants to increase the quota of meat sales to Panama, allowing them to sell more than what is allowed in the remainder of 2013.
The region's exports were worth $4.940 billion FOB, seeing an increase of 0.9% compared to exports recorded in the previous year.
CENTRAL AMERICA'S EXTERNAL TRADE
Newsletter: January-February 2013
The region's exports had an FOB value of U.S. $4.9398 billion in February 2013, noting an increase of 0.9% compared to exports recorded in the previous year (U.S. $4.8942 billion).
The South American country has sent its own ships to carry food in short supply in this nation such as sugar, coffee, black beans, oil, meat and live cattle.
Last weekend, 1,500 tons of sugar were loaded up in the Port of Corinto, the first shipment of three which will transport 45,000 tonnes of products between May and June. According to the director of the National Port Company, Virgilio Silva, on May 24 another ship docked in Arlen Siu, in the Pacific, to load up 980 heifers with the same destination.
The growth of food exports to Venezuela has got Nicaraguan producers excited, yet they are warning against backing this market excessively.
"Between January and May of this year, exports by volume from Nicaragua to Venezuela have grown by 209%, generating an exporter enthusiasm which has convinced all of the productive sectors, especially now that there are plans to halve red bean production over five years in order to plant more black beans", reported Laprensa.com.ni
Exports from the region registered a FOB value of U.S. $2.478 billion, an increase of 5.7% compared to the $2.344 billion exported during the same month last year.
The categories of products that contributed to the performance of exports, classified by Chapter of the Central American Tariff System - SAC - which accounted for 59.9% (U.S. $1484.6 billion) of total exports, were:
With the entry into force seven years ago of the Free Trade Agreement with U.S., Nicaragua's exports to the country have increased by 133%.
The country has become more attractive to investors, it sectors have become technical and Nicaraguan small and medium enterprises have managed to benefit from technical assistance programs.
The products that have been favored the most by the FTA signed by Central America and the Dominican Republic are green coffee, meat, seafood, sugar, textiles and cheese.
During 2012, free zone exports stood at $1.9038 billion, equivalent to a growth rate of 8.6%.
Information published by the Central Bank of Nicaragua (BCN):
In 2012, free zone exports stood at $1.9038 billion, equivalent to a growth rate of 8.6%.The sectors which participated the most in the absolute growth of exports from the free zone in relation to 2011 were chasis, which contributed $65 million (42.9% of total), fishing, $37.6 million (24.8%), textiles, $32.2 million (21.3%) and tobacco $23.1 million (15.3%), among others.
Central American countries exported $27.3 billion FOB from January to November 2012, growing by 8.3% compared to the same period in 2011.
From a bulletin by the Secretariat of Central American Economic Integration (SIECA):
CENTRAL AMERICAN EXTERNAL TRADE
Newsletter: January-November 2012
Central America, March 6, 2013. The region's exports were worth U.S.FOB $27.355 billion during the months of January to November 2012, seeing an increase of 8.3% compared to exports recorded in the same period in 2011 (U.S. $25.262 billion).
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