Nicaragua
U.S. Trade with Nicaragua in 2024
Export Market Rank
#38 Among U.S. Agricultural Export Markets
Total Export Value
$526.39 Million
3-Year Average
$511.8 Million
Compound Average Growth
9.6% (2015-2024)
Total Export Value 2015 - 2024
Export Value by Commodity 2024
Top 10 Exports to Nicaragua in 2024
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Soybean Meal | $101.25 Million | 236,749 | $63.02 Million | 101% |
| Rice | $69.24 Million | 152,347 | $29.94 Million | 10684% |
| Corn | $64.19 Million | 307,828 | $73.73 Million | 89% |
| Pork & Pork Products | $60.01 Million | 17,971 | $25.18 Million | 729% |
| Wheat | $51.69 Million | 224,815 | $18.13 Million | 437% |
| Cotton | $26.13 Million | 13,678 | $16.55 Million | 721% |
| Dairy Products | $24.45 Million | 6,928 | $15 Million | 152% |
| Poultry Meat & Prods. (excl. eggs) | $24.14 Million | 15,318 | $11.27 Million | 260% |
| Food Preparations | $19.21 Million | 4,945 | $13.08 Million | 31% |
| Tobacco | $12.5 Million | 558 | $6.32 Million | 293% |
Data and Analysis
Record-high remittances continue to boost consumer spending in 2024. U.S. agricultural exports to Nicaragua through September 2024 are up four percent compared to the same period in 2023.
In June 2024, the Nicaraguan Institute of Agricultural Protection and Health (IPSA) issued an executive resolution to strengthen the risk mitigation measures for the monitoring and testing of GE grains.
Consumer trends in Nicaragua are shifting towards modern retail channels as remittance flows increase. Supermarkets are expanding rapidly, with one grocery store chain opening eight new locations in 2024.
News and Features
For FY 2023, USDA anticipates awarding up to $224 million in new McGovern-Dole cooperative agreements. USDA has identified the following as priority countries for FY 2023: Cameroon, Haiti, Mozambique, Nepal, Nicaragua, Sri Lanka, and Togo.