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2022
Exports $1.43MWorld Rnk 85 / 190
Flag Rnk 142 / 877
2022
Destination $111k United States
2021 - 2022
FASTEST GROWING MARKET $111kNetherlands
2022
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.37Rnk 926 / 1025
2022
Imports $1.59MWorld Rnk 121 / 217
Flag Rnk 438 / 1109
2022
Origin $69.6k China
2021 - 2022
FASTEST GROWING ORIGIN $69.6kHonduras
2022
ECONOMIC COMPLEXITY of Nicaragua-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $1.43M in Knit Men's Undergarments, making it the 85th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 142nd most exported product in Nicaragua. The main destination of Knit Men's Undergarments exports from Nicaragua are: United States ($1.03M), Netherlands ($301k), China ($22.4k), United Arab Emirates ($22.1k), and Japan ($13.2k).

The fastest growing export markets for Knit Men's Undergarments of Nicaragua between 2021 and 2022 were Netherlands ($111k), China ($22.4k), and Switzerland ($4.24k).

Imports In 2022, Nicaragua imported $1.59M in Knit Men's Undergarments, becoming the 121st largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 438th most imported product in Nicaragua. Nicaragua imports Knit Men's Undergarments primarily from: China ($647k), El Salvador ($199k), United States ($187k), Honduras ($123k), and India ($88.8k).

The fastest growing import markets in Knit Men's Undergarments for Nicaragua between 2021 and 2022 were Honduras ($69.6k), Sri Lanka ($28.5k), and Costa Rica ($19.6k).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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 Knit Men's Undergarments. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.43M
IMPORTS (2022)$1.59M
NET TRADE (2022)-$160k

In 2022, Nicaragua exported $1.43M in Knit Men's Undergarments. The main destinations of Nicaragua exports on Knit Men's Undergarments were United States ($1.03M), Netherlands ($301k), China ($22.4k), United Arab Emirates ($22.1k), and Japan ($13.2k).

In 2022, Nicaragua imported $1.59M in Knit Men's Undergarments, mainly from China ($647k), El Salvador ($199k), United States ($187k), Honduras ($123k), and India ($88.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
Netherlands$111k (58.7%)
China$22.4k (70k%)
Switzerland$4.24k (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY Nicaragua WERE (2021 - 2022):
United States-$431k (-29.6%)
Canada-$35.7k (-85.4%)
United Arab Emirates-$3.55k (-13.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Knit Men's Undergarments were:
China $3.23B
Bangladesh $1.2B
Vietnam $715M
In 2022, Nicaragua's main importing competitors in Knit Men's Undergarments were:
United States $2.31B
Germany $772M
United Kingdom $503M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.07M
TOP IMPORT POTENTIALChina+ $310k

Knit Men's Undergarments’s highest export potential is United States. With an export gap of $1.07M.   Knit Men's Undergarments’s highest import potential is China with an import gap of $310k.

See methodology.

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