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Export Market

Nicaragua

ISO: NI / NIC

Country Profile

Capital Managua
Population 6.8M
GDP $19.7B (2024)
GDP per Capita $2,848
Income Level Lower-Middle Income
Currency Nicaraguan córdoba (NIO C$)
Language Spanish
Timezone UTC-06:00
Region North America · Central America

Trade Partners

Nicaragua Exports To

  • USA 51.0%
  • Mexico 12.0%
  • El Salvador 6.0%
  • Canada 6.0%
  • Switzerland 4.0%

Key exports: garments, gold, insulated wire, coffee, beef (2023)

Nicaragua Imports From

  • USA 24.0%
  • China 13.0%
  • Mexico 9.0%
  • Honduras 9.0%
  • Guatemala 8.0%

Key imports: garments, refined petroleum, crude petroleum, plastic products, fabric (2023)

Economic Overview

low-income Central American economy; until 2018, nearly 20 years of sustained GDP growth; recent struggles due to COVID-19, political instability, and hurricanes; significant remittances; increasing poverty and food scarcity since 2005; sanctions limit investment

Government: presidential republic

UK Trade Status

FTA in Force

The UK has a free trade agreement with Nicaragua, providing preferential market access for UK exporters.

Geographic Region

Latin America and Caribbean

Export Guidance

Relevant guidance for exporting to Nicaragua.

Start Your Export Journey

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Also in This Region

🇦🇷 Argentina 🇧🇸 Bahamas FTA 🇧🇧 Barbados FTA 🇧🇿 Belize FTA 🇧🇴 Bolivia 🇧🇷 Brazil 🇨🇱 Chile FTA 🇨🇴 Colombia FTA

Official Resources

Government export support for Nicaragua.

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