Soybean Oil in Nicaragua | The Observatory of Economic Complexity

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Exports In 2022, Nicaragua exported $691k in Soybean Oil, making it the 85th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 188th most exported product in Nicaragua. The main destination of Soybean Oil exports from Nicaragua are: Honduras ($629k), Curaçao ($45.3k), El Salvador ($16.3k), and Panama ($5).

The fastest growing export markets for Soybean Oil of Nicaragua between 2021 and 2022 were El Salvador ($16.3k), Curaçao ($13.2k), and Panama ($5).

Imports In 2022, Nicaragua imported $25.2M in Soybean Oil, becoming the 73rd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 77th most imported product in Nicaragua. Nicaragua imports Soybean Oil primarily from: Argentina ($9.22M), Guatemala ($8.14M), Costa Rica ($4.41M), United States ($1.84M), and Mexico ($1.51M).

The fastest growing import markets in Soybean Oil for Nicaragua between 2021 and 2022 were Argentina ($4.03M), Guatemala ($3.95M), and Costa Rica ($2.11M).

Mar 2024

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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 Soybean Oil. Countries are shown based on data availability.

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

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Year

EXPORTS (2022)$691k

IMPORTS (2022)$25.2M

NET TRADE (2022)-$24.5M

In 2022, Nicaragua exported $691k in Soybean Oil. The main destinations of Nicaragua exports on Soybean Oil were Honduras ($629k), Curaçao ($45.3k), El Salvador ($16.3k), and Panama ($5).

In 2022, Nicaragua imported $25.2M in Soybean Oil, mainly from Argentina ($9.22M), Guatemala ($8.14M), Costa Rica ($4.41M), United States ($1.84M), and Mexico ($1.51M).