Nicaragua
U.S. Trade with Nicaragua in 2023
Export Market Rank
#38 Among U.S. Agricultural Export Markets
Total Export Value
$471.33 Million
3-Year Average
$482.48 Million
Compound Average Growth
8.3% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Nicaragua in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Corn | $95.04 Million | 316,190 | $70.19 Million | 229% |
| Soybean Meal | $94.9 Million | 179,575 | $56.86 Million | 139% |
| Rice | $50.6 Million | 115,678 | $23.15 Million | 3823% |
| Pork & Pork Products | $40.84 Million | 12,859 | $19.62 Million | 833% |
| Cotton | $26.46 Million | 11,428 | $14.01 Million | 3334% |
| Dairy Products | $23.84 Million | 7,173 | $13.72 Million | 105% |
| Wheat | $21.19 Million | 62,606 | $13.85 Million | 139% |
| Poultry Meat & Prods. (excl. eggs) | $21.08 Million | 14,612 | $9.49 Million | 235% |
| Food Preparations | $19.89 Million | 5,129 | $12.48 Million | 50% |
| Tobacco | $14.81 Million | 586 | $5.58 Million | 186% |
Data and Analysis
FAS/Managua anticipates a drop in sugarcane production in marketing year 2024/25, as increased precipitation, which could be exacerbated by a La Niña weather cycle in the second half of 2024, brings agricultural and industrial yields closer to historical levels.
FAS/Managua projects marketing year 2024/25 peanut production to rebound to a record high of 230,000 metric tons on sustained high area planted and improved growing conditions following a damaging El Niño cycle in 2023/24.
The United States exported a record $540 million of agricultural and related products to Nicaragua in 2022, fueled largely by record-high remittances from Nicaraguan migrants.
News and Features
Agriculture Secretary Vilsack today announced the United States is investing $455 million to strengthen global food security and international capacity-building efforts.
USDA's Under Secretary for Trade and Foreign Agricultural Affairs Alexis Taylor arrived in Panama City today to launch an agribusiness trade mission. Taylor and a delegation of representatives from agribusiness and farm organizations and state departments of agriculture look to develop stronger ties and build economic partnerships between the United States and Panama and markets throughout CAFTA-DR region.