Applied tariffs
Simple average MFN applied
2024
5.6 %
Trade-weighted MFN average
2023
6.3 %
Share of MFN duty-free
2024
51.6 %
Bound tariffs
Simple average bound
40.9 %
Binding coverage
100.0 %
Share of bound duty-free
1.8 %
Imports
Total imports: 8,373.5 million USD in 2023
Imports by partner
United States of America
25.6 %
2,140.8
million USD
China
14.6 %
1,225.2
million USD
Guatemala
8.1 %
677.7
million USD
Costa Rica
8.0 %
671.0
million USD
Mexico
7.8 %
651.4
million USD
European Union
5.5 %
460.4
million USD
El Salvador
4.6 %
383.3
million USD
Honduras
3.0 %
255.0
million USD
Ecuador
2.6 %
216.6
million USD
India
2.3 %
195.3
million USD
Rest of the World
17.9 %
1,496.8
million USD
Imports by products HS 2022
270900
Petroleum oils and oils obtained from bituminous minerals, crude
7.2 %
604.9
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
6.8 %
570.4
million USD
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale (excl. containing antibiotics, hormones or steroids used as hormones, alkaloids, provitamins, vitamins, their derivatives, antimalarial active principles and blinded clinical trial kits)
3.8 %
319.5
million USD
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. losses" distil at 210°C "ASTM D 86 method" (excl. containing biodiesel)
3.2 %
264.0
million USD
870421
Motor vehicles for the transport of goods, with only compression-ignition internal combustion piston engine "diesel or semi-diesel", of a gross vehicle weight <= 5 t (excl. dumpers for off-highway use of subheading 8704.10 and special purpose motor vehicles of heading 8705)
2.6 %
215.0
million USD
100590
Maize (excl. seed for sowing)
1.7 %
143.5
million USD
210690
Food preparations, n.e.s.
1.4 %
120.4
million USD
252310
Cement clinkers
1.1 %
91.5
million USD
961900
Sanitary towels (pads) and tampons, napkins and napkin liners, and similar articles, of any material
1.1 %
88.2
million USD
871120
Motorcycles, incl. mopeds, with reciprocating internal combustion piston engine of a cylinder capacity > 50 cm³ but <= 250 cm³
1.0 %
83.4
million USD
Rest of the products
70.1 %
5,872.7
million USD
Exports
Total exports: 7,378.5 million USD in 2023
Exports by destination
United States of America
50.2 %
3,706.8
million USD
Mexico
13.7 %
1,009.7
million USD
El Salvador
6.5 %
482.2
million USD
Canada
5.8 %
426.7
million USD
European Union
5.1 %
379.2
million USD
Honduras
5.0 %
368.4
million USD
Costa Rica
3.3 %
240.1
million USD
Guatemala
2.2 %
163.2
million USD
Panama
1.1 %
78.1
million USD
United Kingdom
0.9 %
64.1
million USD
Rest of the World
6.2 %
459.8
million USD
Exports by products HS 2022
710812
Gold, incl. gold plated with platinum, unwrought, for non-monetary purposes (excl. gold in powder form)
15.3 %
1,129.0
million USD
854430
Ignition wiring sets and other wiring sets for vehicles, aircraft or ships
11.4 %
838.5
million USD
610910
T-shirts, singlets and other vests of cotton, knitted or crocheted
9.6 %
705.1
million USD
090111
Coffee (excl. roasted and decaffeinated)
8.2 %
607.1
million USD
240210
Cigars, cheroots and cigarillos containing tobacco
5.8 %
425.4
million USD
020130
Fresh or chilled bovine meat, boneless
4.8 %
355.0
million USD
020230
Frozen, boneless meat of bovine animals
3.4 %
253.9
million USD
610990
T-shirts, singlets and other vests of textile materials, knitted or crocheted (excl. cotton)
2.9 %
211.4
million USD
611030
Jerseys, pullovers, cardigans, waistcoats and similar articles, of man-made fibres, knitted or crocheted (excl. wadded waistcoats)
2.4 %
175.5
million USD
071333
Dried, shelled kidney beans "Phaseolus vulgaris", whether or not skinned or split
2.1 %
155.1
million USD
Rest of the products
34.2 %
2,522.5
million USD
Preferential regimes provided by Nicaragua
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Nicaragua as a beneficiary based on other economies reported preferential regimes
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