Nicaraguan exports to the United States were $3.6 billion in 2018, including knit apparel and accessories, electrical machinery, woven apparel, precious stones and agricultural products. Other important trading partners for Nicaragua include El Salvador, Costa Rica, Mexico, Venezuela, and the European Union.
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What is the main export of Nicaragua?
Economy of Nicaragua
| Statistics | |
|---|---|
| Export goods | coffee, beef, gold, sugar, peanuts, shrimp and lobster, tobacco, cigars, automobile wiring harnesses, textiles, apparel |
| Main export partners | United States 44.2% El Salvador 6.4% Venezuela 5.5% Costa Rica 5.5% Canada 4.6% Mexico 4.3% (2017) |
| Imports | $6.613 billion (2017 est.) |
What is USAS biggest export?
Searchable List of America’s Most Valuable Export Products
| Rank | US Export Product | YOY |
|---|---|---|
| 1 | Processed petroleum oils | -30.6% |
| 2 | Crude oil | -23% |
| 3 | Cars | -18.7% |
| 4 | Integrated circuits/microassemblies | +10.3% |
Who does Nicaragua trade with?
Nicaragua top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 3,254 | 61.71 |
| El Salvador | 295 | 5.59 |
| Mexico | 293 | 5.56 |
| Honduras | 249 | 4.72 |
Who has the most exports to the US?
Year-to-Date Exports
| Rank | Country | Percent of Total Exports |
|---|---|---|
| — | Total, All Countries | 100.0% |
| — | Total, Top 15 Countries | 75.0% |
| 1 | Canada | 17.6% |
| 2 | Mexico | 16.0% |
What is Nicaragua known for producing?
Nicaragua produces coffee, cotton, bananas, sugar and beef cattle.
What products does Nicaragua make?
Agriculture remains Nicaragua’s top industry, with main products including: bananas, beef, poultry, coffee, tobacco, copper, cotton, gold, maize, rice, silver, sugar cane, soybeans and other beans, and timber.
What are the top 3 imports of the US?
What Are the Major U.S. Imports?
- Machinery (including computers and hardware) – $386.4 billion.
- Electrical machinery – $367.1 billion.
- Vehicles and automobiles – $306.7 billion.
- Minerals, fuels, and oil – $241.4 billion.
- Pharmaceuticals – $116.3 billion.
- Medical equipment and supplies – $93.4 billion.
What is the US biggest import?
Searchable List of America’s Most Valuable Import Products
| Rank | US Import Product | 2020 Value (US$) |
|---|---|---|
| 1 | Cars | $145,659,382,000 |
| 2 | Computers, optical readers | $104,948,207,000 |
| 3 | Phone system devices including smartphones | $102,547,452,000 |
| 4 | Medication mixes in dosage | $95,175,568,000 |
What is China’s main export to the US?
The United States
The top goods exported from China to the U.S. and their total values for 2018 were electrical machinery ($152 billion), machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion).
How much gold does Nicaragua export?
In 2019, gold was the most exported product from Nicaragua, with an export value of almost 667 million U.S. dollars. Coffee ranked second, at around 440 million dollars.
What natural resources does Nicaragua have?
Nicaragua is rich in natural resources, most of which have not been exploited on a large scale because of lack of financing. Mineral resources include known deposits of gold, silver, zinc, copper, iron ore, lead, and gypsum. Of these minerals, only gold has been mined intensively.
What kind of economy does Nicaragua have?
Nicaragua has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation.
What are the top 5 countries that the United States receives their imports from?
The United States imports half of its total volume from five countries: China, Canada, Mexico, Japan, and Germany. Although the United States can manufacture goods it imports, these exporting countries have the comparative advantage over it.
Who is the US’s biggest trading partner?
List of the largest trading partners of the United States
| Rank | Country/District | Total Trade |
|---|---|---|
| – | World | 3,888,236 |
| – | European Union | 717,902 |
| 1 | China | 635,364 |
| 2 | Canada | 581,584 |
Which two countries buy the most US exports?
The top five purchasers of U.S. goods exports in 2019 were: Canada ($292.6 billion), Mexico ($256.6 billion), China ($106.4 billion), Japan ($74.4 billion), and the United Kingdom ($69.1 billion). U.S. goods exports to the European Union 27 were $267.6 billion.
What is Nicaragua best known for?
Known as the “land of lakes and volcanoes”, Nicaragua is also home to the Bosawás Biosphere Reserve, the second-largest rainforest of the Americas. The biological diversity, warm tropical climate and active volcanoes make Nicaragua an increasingly popular tourist destination.
What makes Nicaragua a poor country?
Nicaragua is one of the poorest nations in the continental Americas. With a population of 6.5 million, the country’s chronic cycle of poverty is linked to consistent political instability and conflict, high inequality between urban and rural populations, dependency on agricultural exports and natural disasters.
Does Nicaragua have a good economy?
Nicaragua’s economic freedom score is 56.3, making its economy the 125th freest in the 2021 Index. Its overall score has decreased by 0.9 point, primarily because of a decline in trade freedom.
What is Nicaragua’s most important mineral export?
At the more granular four-digit Harmonized Tariff System code level, gold represents Nicaragua’s most valuable exported product at 13.1% of the country’s total.
What percent of Nicaragua is white?
17%
Nicaragua Demographics
Nicaragua’s population is 69% Mestizo, 17% white, 5% Amerindian and 9% black and other races, although its demographics change with migration.
