Wednesday, December 16, 2015

Doing business in Nicaragua.

                                                                     

Nicaragua is the 107th largest export economy in the world and the 95th most complex economy according to the Economic Complexity Index (ECI). In 2013, Nicaragua exported $6.39B and imported $6.02B, resulting in a positive trade balance of $371M. In 2013 the GDP of Nicaragua was $11.3B and its GDP per capita was $1.85k.
The top exports of Nicaragua are Insulated Wire ($1.09B), Knit Sweaters ($474M), Gold ($439M), Coffee ($380M) and Knit T-shirts($366M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Crude Petroleum ($460M), Refined Petroleum ($442M), Packaged Medicaments ($266M), Light Rubberized Knitted Fabric ($176M) and Delivery Trucks ($149M).
The top export destinations of Nicaragua are the United States($3.41B), Mexico ($623M), Venezuela ($492M), Canada ($392M) and El Salvador ($245M). The top import origins are the United States($945M), CuraƧao ($750M), China ($681M), Mexico ($579M) and Costa Rica ($494M).
Nicaragua borders Costa Rica and Honduras by land and El Salvador and Colombia by sea.




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