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27 September 2024
Kunal
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Key Indicators
Overview
Nicaragua Import Trade Overview
Introduction:
Nicaragua, with a developing economy in Central America, relies significantly on imports to support its key sectors such as agriculture, manufacturing, and consumer goods. This reliance provides substantial opportunities for global exporters to meet the country’s needs.
Economic Overview:
Nicaragua’s economy, primarily based on agriculture, textiles, and services, places a heavy emphasis on imports for both raw materials and finished goods. The impact of imports on GDP is substantial as they are vital for various industries and consumer markets. Efforts towards economic diversification are slowly increasing the demand for imported technology and infrastructure-related goods.
Political and Regulatory Environment:
The political landscape in Nicaragua is complex, with recent political tensions affecting economic stability and trade policies. Changes in import regulations and trade agreements in response to these dynamics are crucial for exporters to monitor.
Opportunities and Challenges for Exporters:
Exporters can find opportunities in sectors like renewable energy equipment, medical devices, and agricultural machinery. Challenges include navigating fluctuating import duties and dealing with bureaucratic delays that could impact market entry.
Top 10 Import Products:
- Petroleum oils (HS code: 2709) - Fuel and energy production.
- Light vehicles (HS code: 8703) - Transportation needs.
- Pharmaceuticals (HS code: 3004) - Healthcare sector.
- Mobile phones (HS code: 8517) - Communication technology.
- Wheat (HS code: 1001) - Food staple.
- Corn (HS code: 1005) - Agriculture and food processing.
- Computers (HS code: 8471) - Technology and infrastructure.
- Footwear (HS code: 6403) - Consumer goods.
- Machinery for textiles (HS code: 8445) - Supporting local manufacturing.
- Plastic articles (HS code: 3926) - Various industrial applications.
Top Buyers:
TRANSPORTES TERRESTRES Y AEREOS DE CENTROAMERICA S.A, PHIL'S INC. LTD, LEEWRAGLER WH SOURCING SAGL - PANAMA BRANCH
Solution for Global Exporters:
For a successful market entry, global exporters should utilize Volza’s online import data for Nicaragua. This tool provides detailed insights into market trends and buyer needs, helping to efficiently identify and capitalize on trade opportunities. Visit Volza to access comprehensive import data and enhance your export strategies.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 05, Aug, 2024
Source : Volza Import Data
Nicaragua
Import Data
Import Data
1,050,670 Bill of Ladings, 8,097 Buyers & 4,546 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Nicaragua Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
YAMAHA Motor Cycle IN SKD CONDITION FZ |   India | 30-04-2024 | |
YAMAHA Motor Cycle IN SKD CONDITION FZ | India | 30-04-2024 | |
GST INVOICE NO: 64021083425- SPARE PARTS / ACCESSORIES / COMPONENT | India | 30-04-2024 | |
SPARE PARTS / ACCESSORIES / COMPONENT FOR MARUTI SUZUKI VEHICLES | India | 30-04-2024 | |
GST INVOICE NO: 64021083425- SPARE PARTS / ACCESSORIES / COMPONENT | India | 30-04-2024 | |
GABAPENTINA 400MG TABLETS PACK 10X10 | India | India | 30-04-2024 |
Top 10 Importers
Nicaragua Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Nicaragua. To assist you in identifying the leading importers in Nicaragua, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Nicaragua are companies like CASA PELLAS S A, GRUPO UMA SOCIEDAD ANONIMA , and AUTO NICA S A. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Nicaragua Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 145,715 | |
2 | 35,998 | |
3 | 11,078 | |
4 | 8,984 | |
5 | 6,975 | |
6 | 5,861 | |
7 | 5,162 | |
8 | 4,540 | |
9 | 4,267 | |
10 | 4,144 |
Data Source : Volza Import Data
Top 9 Import Products
Nicaragua Top 9 Import Products
As the Nicaragua import data reveals, the nation's top import products for 2024 were prominently characterized by:- Automobile Component: 35.77%
- Presenter Box: 19.86%
- Wheelers Component: 18.61%
- Automotive Door: 13.08%
- Metallic Bond: 4.23%
- Wiper Blade: 3.60%
- Component For Shock Absorber: 2.58%
- Surgical Needle: 1.78%
- Bicycle Seats: 0.51%
Nicaragua Top 9 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | Automobile Component | 4,108,511 |
2 | PRESENTER BOX | 2,280,631 |
3 | WHEELERS COMPONENT | 2,137,048 |
4 | Automotive Door | 1,502,115 |
5 | Metallic Bond | 485,610 |
6 | Wiper Blade | 413,153 |
7 | Component for Shock Absorber | 296,389 |
8 | Surgical Needle | 204,194 |
9 | Bicycle Seats | 58,685 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Nicaragua
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Nicaragua Top 1 Import Trading Partners
Nicaragua trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 339,749).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Nicaragua had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Nicaragua import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Nicaragua’s major imports from India include PRESENTER BOX, Automobile Component, WHEELERS COMPONENT, Automotive Door, Metallic Bond, Component for Shock Absorber, Bicycle Seats, Wiper Blade, Surgical Needle, products. The provided chart below breaks down the values in percentile of Nicaragua’s top 1 import partners for 2024.
Nicaragua Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Nicaragua Import Data Sample record
Nicaragua import data covers all important shipping details that are essential for businesses to find importers in Nicaragua, analyze market trends and identify potential industries. Nicaragua trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Nicaragua import data sample with complete number of fields available in data.
Nicaragua Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 87112029
- Quantity:
- 12
- Quantity Unit:
- PCS
- Value FC:
- 15,636
- Value:
- HS Descirption:
- MOTORCYCLES (INCLUDING MOPEDS) AND CYCLES FITTED WITH AN AUXILIARY MOTOR, WITH OR WITHOUT SIDE-CARS; SIDE-CARS
- Exporter:
- INDIA YAMAHA MOTOR PRIVATE
- Importer:
- CASA PELLAS S A
Data Source : Volza Import Data
Nicaragua Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Nicaragua Top 10 Import Ports
Nicaragua's global import trade operates through over 10 ports. Corinto stands as the predominant port, handling 187,060 import shipments, which constitutes a 55.16% market share. Managua follows with an 43.68% share, accounting for 148,134 shipments, while Puerto Cortes contributes a 0.50% market share with its 1,695 shipments. For detailed import trade statistics of each port in Nicaragua, refer to the provided links below. Collectively, these ports underscore the integrated nature of Nicaragua's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Nicaragua.
Nicaragua Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Nicaragua
- 1,050,670
- Date
- 30-04-2024
- Shipper Name
- CASA PELLAS S A
- Consignee Name
- INDIA YAMAHA MOTOR PRIVATE
- Weight Unit
- PCS
- Quantity
- 12
- Shipment Origin
- India
- Port of origin
- Tiruvallurilp Icd