Crude Petroleum in Nicaragua | The Observatory of Economic Complexity

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2020
Exports $51World Rnk 0 / 0
Flag

Rnk 0 / 0

falsefalseN/A

2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025

2020
Imports $331MWorld Rnk 66 / 158
Flag

Rnk 4 / 1109

2022
ECONOMIC COMPLEXITY of Nicaragua-0.97Rnk 110 / 133

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Latest Trends
Historical Data

About

Imports In 2022, Nicaragua imported $331M in Crude Petroleum, becoming the 66th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in Nicaragua. Nicaragua imports Crude Petroleum primarily from: United States ($331M).

The fastest growing import markets in Crude Petroleum for Nicaragua between 2021 and 2022 were United States ($94.9M).

Latest Trends

Mar 2024

Subnational Monthly Trade

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Imports

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2020)$51

IMPORTS (2022)$331M

NET TRADE (2022)-$331M

In 2022, Nicaragua imported $331M in Crude Petroleum, mainly from United States ($331M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

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Imports

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Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Nicaragua's main exporting competitors in Crude Petroleum were:

Saudi Arabia $236B

In 2022, Nicaragua's main importing competitors in Crude Petroleum were:

United States $199B

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Trade Value of Crude Petroleum by Exporters

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