Merchandise exports under the general regime of Nicaragua added 671.5 million dollars in the first two months of the year, which is equivalent to a growth of 117.08 million dollars (21.1%) compared to the same period of the previous year, reported the Center for Export Procedures (Cetrex).
In the period from January 1 to February 28, the products with the greatest contribution were raw goldfollowed by gold coffee and the beef. The year-on-year increase is attributed to the increase in the volume exported (15.5%) and international prices (4.8%), indicates the public entity.
The main export destination continues to be United States which presented an increase of US$ 60,367 million. Raw gold, gold coffee, beef, seafood, cane sugar, oils and fats were sent to the North American country; lobsters, beans, among other products, for a value of $313,513,661.0.
The Joe Biden administration recently recalled that Nicaragua has a trade surplus with the United States of $2,139 million in 2020 or 17% of the Gross Domestic Product (GDP). “Nicaragua sells more than what it buys from the US, creating jobs and economic growth for Nicaragua,” he highlighted through the Twitter account of the US Embassy in Managua.
In turn, exports to Mexico and Canada they also showed an increase of at least 15.9 million dollars in January and February.
In Central America, it stands out The Savior with exports of beef, quesillo, mozarella cheese, Morolique cheese, beans, processed coffee, peanuts, among others, for a value greater than US$56,607,000 million, with a decrease of US$1.6 million. follows him Costa Rica with US$ 31,850,629.3, an increase of US$ 6,779 million. Fresh oranges, beef, beans, gold coffee, among others, were exported to the neighboring country.
Related news: The US reminds Ortega of the economic wealth that country represents for Nicaragua
In South America, fish was exported to Ecuador for a value of US$ 2,528,105.1 (increase of US$ 548.7 thousand). Second on the list is Peru, where fish and rum sales increased; followed by Colombiawith peanuts.
Cetrex details that in Europe, sales of peanuts, cane sugar, farmed shrimp, gold coffee and molasses towards United Kingdom had a growth of US$ 2.19 million (US$ 15,346,668.0). The other leading countries are Belgium, Bulgaria, Germany and Italy with exports of gold coffee and cane sugar, mainly.
exports of raw goldNicaragua’s leading product, had a growth of US$ 5,996 million towards Switzerland. Exports to that European country yielded US$ 6,086,695.5 in the first two months of the year.
Despite the fact that the regime of Daniel Ortega tries to get closer to its allies Russia and China, these countries continue to be among those that buy the least from Nicaragua in Asia. In that market, exports to South Korea of cane sugar and gold coffee had a value of US$ 13,680,100.9, with a growth of US$ 9.7 million.
Related news: Nicaragua seeks to expand its exports to Korea
Taiwan, country that Ortega rejected for allying with China, represented US$ 8,443,749.6 in exports (beef, farmed shrimp, golden coffee, edible offal and bovine viscera); however, they fell by US$ -9.2 million. Taiwan was the main destination in Asia in 2021 with sales in the order of US$ 85,709,882.8.
The other Asian countries with the highest export value are Japan (golden coffee, sesame, edible offal and bovine viscera), United Arab Emirates (gold coffee, raw gold) and Jordan (gold coffee).
Toward China Mineral products, oils and fats were exported for a value of US$ 2,775,040.6, with an increase of US$ 1.3 million. Exports of coffee, gold and peanuts from Nicaragua to the Russian Federation they represented US$ 2,542,462.9, with a decrease of US$ -242.6 thousand. These two nations, together with Hong Kong, were the ones that bought the least Nicaraguan products. The United States recently remarked that Ortega’s political allies left the country a deficit in 2020.
Related news: Sanctions against Russia, for invading Ukraine, will reach Nicaragua, analysts say
Year 2021 closed with a total of US$6,888.6 million in exports. Those of the general regime added US$3,594.8 million. According Ivan Acostahead of the Ministry of Finance and Public Credit, “the trend for 2022 is that it will exceed what was achieved in 2021 with good numbers.”
