LatinNews Daily - 20 May 2025

*Nicaragua’s central bank (BCN) has released new figures showing that Nicaragua’s exports in the first quarter of 2025 totalled US$2.07bn, up 7.8% on the same quarter in 2024. Imports totalled US$2.68bn in the first quarter, up 4.2% on Q1 2024. This gives a trade deficit of US$606.7m, down 6.5% on the same quarter in 2024. Of the total exports, 59.2% corresponded to goods exports (+13.8%), while the remainder were free trade zone exports which did not post significant growth on the same period of the previous year. Goods exports were boosted by agricultural exports which were up 31.4% year-on-year, while mining was up 15.8%, manufacturing by 2.9%, and fishing & aquiculture was up 22.3%. According to the same report, the US remains the main market for Nicaragua’s goods exports, accounting for 35.4% of the total, followed by Canada (16.0%), El Salvador (10.2%), Costa Rica (4.6%), China (4.6%), and Belgium (3.6%). The report highlights a 61.8% annual increase in goods exports to Canada, which totalled US$196.1m, while exports to China, which were worth U$56.1m, were up 137.6% as compared to Q1 2024.

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