Nicaragua recorded a trade deficit of 127 USD Million in June of 2018. Balance of Trade in Nicaragua averaged -128.60 USD Million from 1992 until 2018, reaching an all time high of -15.80 USD Million in February of 1996 and a record low of -370.40 USD Million in November of 2015.

Balance of Trade in Nicaragua is expected to be -180.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Nicaragua to stand at -195.00 in 12 months time. In the long-term, the Nicaragua Balance of Trade is projected to trend around -180.00 USD Million in 2020, according to our econometric models.

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Nicaragua Balance of Trade
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Nicaragua Trade Last Previous Highest Lowest Unit
Balance of Trade -127.00 -199.60 -15.80 -370.40 USD Million [+]
Exports 380.90 465.40 538.50 10.50 USD Million [+]
Imports 507.90 665.00 744.50 53.00 USD Million [+]
Current Account -73.10 21.30 21.30 -448.00 USD Million [+]
Current Account to GDP -5.00 -7.50 13.60 -63.00 percent [+]
Remittances 126.70 124.40 136.70 19.80 USD Million [+]
Terrorism Index 1.44 2.09 2.93 0.00 [+]
Capital Flows -67.60 -124.40 2373.40 -602.90 USD Million [+]
External Debt 11728.00 11563.20 11728.00 5785.90 USD Million [+]
Foreign Direct Investment 10.70 406.20 443.50 10.70 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Nicaragua Balance of Trade

Nicaragua foreign trade got a boost after the signing of the trade agreement with the United States in 2006. As a result, Nicaragua's main trade partner is now the United States (23 percent of the imports and 30 percent of the exports). Others include its neighbouring countries of Central America (20 percent of exports and imports) and Venezuela. Nicaragua exports mostly clothes, tobacco, spices and coffee. Major imports are oil, wheat, grains and intermediate goods. This page provides - Nicaragua Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua Balance of Trade - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-127.00 -199.60 -15.80 -370.40 1992 - 2018 USD Million Monthly

Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18