Nicaragua recorded a trade deficit of 105.40 USD Million in December of 2021. source: Consejo Monetario Centroamericanono

Balance of Trade in Nicaragua averaged -107.54 USD Million from 1992 until 2021, reaching an all time high of -0.90 USD Million in July of 2018 and a record low of -310.50 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 August of 2022.

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. In the long-term, the Nicaragua Balance of Trade is projected to trend around -180.00 USD Million in 2023, according to our econometric models.

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Nicaragua Balance of Trade

Related Last Previous Unit Reference
Balance of Trade -105.40 -180.30 USD Million Dec 2021
Current Account to GDP 7.60 6.00 percent of GDP Dec 2020
Imports 689.60 751.10 USD Million Dec 2021
Exports 584.20 570.80 USD Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-105.40 -180.30 -0.90 -310.50 1992 - 2021 USD Million Monthly