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
FAS/Managua projects MY 2025/26 sugar production to reach 840,000 metric tons, up ten percent from MY 2024/25, assuming a more balanced rainy season and an increase in sugarcane plantations.
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.
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.