Nicaragua recorded a trade deficit of 154.10 USD Million in December of 2020. source: Consejo Monetario Centroamericanono

Balance of Trade in Nicaragua averaged -123.48 USD Million from 1992 until 2020, reaching an all time high of -15.80 USD Million in February of 1996 and a record low of -359 USD Million in November of 2015. This page provides - Nicaragua Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua Balance of Trade - values, historical data and charts - was last updated on October of 2021.

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 -180.00 in 12 months time. In the long-term, the Nicaragua Balance of Trade is projected to trend around -180.00 USD Million in 2022, according to our econometric models.

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Nicaragua Balance of Trade

Nicaragua Last Unit Reference Previous Highest Lowest
Balance of Trade -154.10 USD Million Dec/20 -137.50 -15.80 -359.00
Current Account to GDP 7.60 percent of GDP Dec/20 6.00 13.60 -63.00
Exports 610.30 USD Million Jun/21 571.70 656.30 10.50
Imports 580.50 USD Million Dec/20 541.10 733.40 53.00

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.