Exporting guide to Nicaragua

Overview

Nicaragua is a Central American country bordered by Honduras to the north west, the Caribbean to the east, Costa Rica to the south and the Pacific Ocean to the south west. It's main industries include agriculture and tourism.

Trade statistics

£10.0 million total UK exports to Nicaragua for the four quarters to the end of Q2 2022

(Source: ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2022)

191st largest UK export market

(Source: ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2022)

less than 0.1% of total UK exports for the four quarters to the end of Q2 2022

(Source: ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2022)

Increasingly globalised country

In recent years, Nicaragua has joined regional, multilateral and bilateral agreements, showing a clear interest in globalisation. The country is currently part of the Central American Common Market (MCCA) and has also established free trade agreements with several countries.

UK-Central America association agreement

The UK has signed the UK-Central America association agreement which includes Nicaragua. Read our latest updates for more information on the status of this agreement and how it may benefit your business.

Top five UK goods exported to Nicaragua, in the four quarters to the end of Q2 2022

Goods Value (£)
Scientific instruments (capital) 660000.0
Toilet & cleansing preparations 620000.0
Works of art 350000.0
Other chemicals 280000.0
Iron & steel 280000.0

Source: ONS Trade in goods: country-by-commodity exports
Last updated: November 2022
Download the latest trade and investment factsheet for Nicaragua.

Nicaragua: at a glance

Economic growth

10.3%

Actual figure (IMF, 2021)
The UK is 7.4% (IMF, 2021, projected figure)

GDP per capita

$1,937

Actual figure (IMF, 2020)
The UK is $41,127 (IMF, 2020, actual figure)

Currency

Nicaraguan Córdoba

Business languages

Spanish

You may need a translator

Time zone

GMT - 6

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Check for trade barriers

Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.

See current trade barriers

See resolved trade barriers

Check duties and customs

Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.

See current duties and customs procedures

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.