Products Imported from China to Nicaragua

In the calendar year of 2023, China exported goods worth US$1.18 billion to Nicaragua. Among the main exports from China to Nicaragua were Light Rubberized Knitted Fabric (US$141 million), Broadcasting Equipment (US$55.1 million), Trunks and Cases (US$51 million), Motorcycles and cycles (US$36.01 million) and Pesticides (US$31.06 million). Over the span of 28 years, China’s exports to Nicaragua have grown steadily at an annualized rate of 21.4%, rising from US$6.3 million in 1995 to US$1.18 billion in 2023.

List of All Products That Were Imported from China to Nicaragua

The table below presents a comprehensive list of all commodities that were exported from China to Nicaragua in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the Nicaragua market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and Nicaragua.

Trade Agreements between China and Nicaragua

China and Nicaragua have strengthened their diplomatic and economic ties, particularly after Nicaragua switched its diplomatic recognition from Taiwan to China in December 2021. This shift has opened the door for new agreements and collaborations aimed at enhancing trade and investment between the two countries. Here are some key areas of cooperation:

1. Diplomatic Relations Reestablishment (2021): The reestablishment of diplomatic ties between China and Nicaragua has paved the way for various economic and trade agreements, allowing for increased direct investment and trade flows between the two countries.
2. Infrastructure Projects: Following the renewal of diplomatic relations, China has shown interest in funding and developing major infrastructure projects in Nicaragua. This includes potential projects such as roads, ports, and possibly revisiting the idea of constructing a canal to rival the Panama Canal, although this project remains speculative and controversial.
3. Investment and Economic Cooperation: China is expected to increase its investments in Nicaragua, particularly in sectors like mining, telecommunications, and energy. These investments are likely to be facilitated through concessional loans and direct investment from Chinese companies.
4. Trade Facilitation: Nicaragua and China are likely to engage in negotiations to reduce trade barriers that could lead to a free trade agreement or similar trade facilitation measures. This would aim to increase exports from Nicaragua to China, particularly in agricultural products like beef, sugar, and seafood, which are major export goods for Nicaragua.
5. Technical and Agricultural Cooperation: China typically offers support in agricultural development for its trade partners, which could include technology transfers, agricultural machinery, and expertise to improve productivity and sustainability in Nicaraguan agriculture.
6. Cultural and Educational Exchanges: With the strengthening of bilateral ties, there may be an increase in cultural and educational exchanges. This could include scholarships for Nicaraguan students to study in China and collaborative programs between universities and cultural institutions.

These initiatives reflect China’s strategic interests in Central America, aiming to expand its influence in the region through economic partnerships and infrastructure development. While formal trade agreements specific to trade terms and tariffs may still be under negotiation or development, the overall trajectory suggests a deepening economic relationship following the diplomatic shift.