Nicaragua Balance of TradeMay 2023 Data - 1992-2022 Historical - June Forecast

Name: Nicaragua Balance of Trade
Creator: TRADING ECONOMICS
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Keywords: Nicaragua,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Nicaragua recorded a trade deficit of 179.15 USD Million in February of 2023. source: Consejo Monetario Centroamericanono

Balance of Trade in Nicaragua averaged -112.48 USD Million from 1992 until 2023, reaching an all time high of -0.90 USD Million in July of 2018 and a record low of -366.22 USD Million in November of 2022. 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 June of 2023.

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Related	Last	Previous	Unit	Reference
Balance of Trade	-179.15	-89.61	USD Million	Feb 2023
Current Account to GDP	-2.20	-2.90	percent of GDP	Dec 2022
Imports	793.28	750.10	USD Million	Feb 2023
Exports	614.13	660.48	USD Million	Feb 2023

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.