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 July 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

Actual Previous Highest Lowest Dates Unit Frequency
-154.10 -137.50 -15.80 -359.00 1992 - 2020 USD Million Monthly

Nicaragua Trade Last Previous Highest Lowest Unit
Balance of Trade -154.10 -137.50 -15.80 -359.00 USD Million [+]
Current Account 137.90 354.10 354.10 -464.30 USD Million [+]
Current Account to GDP 7.60 6.00 13.60 -63.00 percent of GDP [+]
Imports 580.50 541.10 733.40 53.00 USD Million [+]
Exports 426.30 403.50 538.40 10.50 USD Million [+]
Remittances 190.70 153.60 190.90 19.80 USD Million [+]
Gold Reserves 0.00 0.00 0.47 0.00 Tonnes [+]
Foreign Direct Investment 13.10 8.60 372.30 8.60 USD Million [+]
External Debt 11721.00 11661.30 11857.50 5785.90 USD Million [+]
Capital Flows 269.20 252.90 2373.40 -602.90 USD Million [+]
Terrorism Index 2.36 2.95 2.95 0.00 [+]

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.