Exporting guide to Nicaragua
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.
Nicaragua: at a glance
Economic growth
-2.0%
Actual figure (IMF, 2020)
The UK is -9.3% (IMF, 2020, actual figure)
GDP per capita
$1,943
Actual figure (IMF, 2020)
The UK is $41,127 (IMF, 2020, projected 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.
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.
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.
