Canada Good Market for Nicaraguan Exports

The Canadian market has become the third most important for Nicaraguan exports.

Wednesday, June 15, 2011

As of June 14, exports to Canada totaled $116.3 million, behind only the United States and Venezuela.

The export sector believes that this year, 2011, foreign sales to Canada will exceed those of Venezuela.

"Since last year there has been a surge in Nicaraguan exports to the Canadian market, when they closed at $157.4 million, which represented an increase of 273% compared to the previous year, according to figures from the Central Bank of Nicaragua (BCN )", noted an article in Laprensa.com.ni.

The best selling products to the Canadian market are sugar, coffee, peanuts and silver.

More on this topic

Nicaraguan Exports Up 32.6%

August 2010

In the first seven months of the year, sales of goods abroad recorded a 32.6% increase relative to the same period in 2009.

According to data from Nicaragua's Export Procedures Center (Cetrex), sales in the first six months of 2010 totaled $1.16 billion, compared to $0.85 billion in the same period of last year.

Panamanian Exports to CA up 10%

January 2011

During the first ten months of 2010 exports to Central America totaled $ 82.3 million.

The most significant growth was El Salvador with 68.3% and Honduras with 56.9%, followed by Nicaragua and Guatemala with 40.7% and 27.2% respectively.

Costa Rica showed a recovery with respect to 2009, yet the situation was negative (-12.5%) for the period between January to October 2010.

Nicaraguan Exports Up 32%

March 2010

In the first two months of the year the country sold $284.9 million, 31.8% more than the same period of 2009, when it sold $216.1 million.

Exported volume increased 30.9% in the same period, according to data from Cetrex, Nicaragua’s export Center.

“The United States remains the top market for Nicaraguan exports, followed by El Salvador and Venezuela.

Nicaragua Triples Exports to Venezuela

January 2010

From 2007 to 2009, Nicaraguan exports to Venezuela have skyrocketed, going from $6.3 million to $112.9 million.

In the last year, Venezuela has become Nicaragua's third most important market, after the United States and Central America.

"The leading products where coffee and livestock products, in addition to beans. Venezuela suffers from high deficits in food production", reported Capitales.com.

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