Nicaragua market overview

Nicaragua has a large, growing economy and is home to many emerging industries. While Nicaragua maintains a favorable tax environment, with natural resources and a large labor force, the current political situation make the country extremely challenging for those seeking to do business in the country.

The Canadian Trade Commissioner Service (TCS) can help Canadian companies with practical advice and on-the-ground intelligence to better asses the market and determine if they have the capacity to meet the local challenges on the ground.

Key facts about the Nicaraguan market

• GDP stood at US$14.01 billion in 2021 (The World Bank figures)
• Canada does not have a Free Trade Agreement with Nicaragua.

Trade between Nicaragua and Canada

• Bilateral merchandise trade reached CA$266.2 million in 2022.
• Merchandise exports from Canada to Nicaragua CA$84.0 million.
• Imports from Nicaragua totaled CA$182.2 million.

Priority sectors active in the market

• Agriculture & Processed Foods
• Renewable Energy
• Manufacturing
• Mining
• Infrastructure, Building Products, and Services

Leading imports into the Canadian market

• Coffee
• Articles of apparel
• Vegetables
• Oil seeds
• Spirits

Leading exports from the Canadian market

• Wheat
• Used clothing & textiles
• Fertilizers
• Coper wire
• Tools
• Leather shoes

Market information

Economy - Nicaragua
Information on the Nicaraguan economy prepared by the  World Bank in Nicaragua

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