Flag of ni

Nicaragua Net Trade (Goods & Services, BoP)

Nicaragua's net trade (goods & services, bop) rose to $-3.3 billion in 2024, up from $-2.27 billion in 2023, according to World Bank. This represents an increase of 45.4% ($1.03 billion) from the previous year. Nicaragua has net trade (goods & services, bop) lower than the global median (-$3.30 billion vs median -$215.12 million). Compared with the median in Americas, Nicaragua is lower (-$3.30 billion vs regional median -$131.64 million) and ranks 30th out of 39 countries in Americas.

Yearly Historical Data (1977-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 -3.3
2023 -2.27
2022 -2.34
2021 -1.72
2020 -0.61
2019 -0.54
2018 -1.19
2017 -1.84
2016 -2.1
2015 -2.29
2014 -1.96
2013 -2.22
2012 -2.13
2011 -2.12
2010 -1.69
2009 -1.57
2008 -2.37
2007 -2.01
2006 -1.67
2005 -1.44
2004 -1.21
2003 -1.09
2002 -1.07
2001 -1.05
2000 -1.05
1999 -1.19
1998 -0.83
1997 -0.81
1996 -0.65
1995 -0.49
1994 -0.49
1993 -0.45
1992 -0.61
1991 -0.49
1990 -0.29
1989 -0.33
1988 -0.58
1987 -0.57
1986 -0.55
1985 -0.58
1984 -0.42
1983 -0.37
1982 -0.38
1981 -0.48
1980 -0.41
1979 0.16
1978 0.06
1977 -0.12
Nicaragua Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Nicaragua, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $7.38B $7.36B 2023
Annual Imports $10.91B $11.25B 2023
Exports (% GDP) 40.46% 45.85% 2024
FDI Inflows (% GDP) 6.87% 6.26% 2024
Imports (% GDP) 58.06% 59.15% 2024
Tariff Rate 2.98% 3.04% 2022
Trade (% GDP) 98.53% 105% 2024