Nicaragua recorded a trade deficit of 73.60 USD Million in February of 2019. Balance of Trade in Nicaragua averaged -127.84 USD Million from 1992 until 2019, 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 -195.00 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 -190.00 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.

Nicaragua Balance of Trade
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Nicaragua Trade Last Previous Highest Lowest Unit
Balance of Trade -73.60 -99.90 -15.80 -370.40 USD Million [+]
Current Account 194.80 -4.00 194.80 -448.00 USD Million [+]
Current Account to GDP 0.60 -4.90 13.60 -63.00 percent [+]
Exports 439.80 434.30 538.50 10.50 USD Million [+]
Imports 513.40 534.20 744.50 53.00 USD Million [+]
Remittances 134.30 144.00 149.50 19.80 USD Million [+]
Terrorism Index 0.75 1.44 2.93 0.00 [+]
Capital Flows 110.10 159.20 2373.40 -602.90 USD Million [+]
External Debt 11653.80 11683.40 11822.70 5785.90 USD Million [+]
Foreign Direct Investment 123.00 45.70 443.50 45.70 USD Million [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-73.60 -99.90 -15.80 -370.40 1992 - 2019 USD Million Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -122.98 Sep/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -3984900.00 Aug/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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