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describe the agricultural products that your country is dependent on from other countries.
Corn: Nicaragua imported corn worth $95.04 million in 2023, primarily from the United States.
Soybean Meal: Soybean meal imports amounted to $94.49 million in 2023, mainly from the United States.
Rice: Rice imports were valued at $50.15 million in 2023. The main suppliers were the United States and Brazil.
Pork & Pork Products: Pork and pork products were imported to the tune of $40.9 million in 2023, primarily from the United States.
Cotton: Cotton imports were worth $26.46 million in 2023, mainly from the United States.
Dairy Products: Dairy product imports amounted to $23.84 million in 2023, primarily from the United States.
Wheat: Wheat imports were valued at $21.83 million in 2023, mainly from the United States.
Poultry Meat & Products: Poultry meat and product imports were worth $21.08 million in 2023, primarily from the United States.
Food Preparations: Food preparation imports amounted to $19.89 million in 2023, mainly from the United States.
Tobacco: Tobacco imports were valued at $14.81 million in 2023, primarily from the United States.
describe your country's highest export commodities
Knit or Crochet Clothing, Accessories: This category is the top export of Nicaragua, valued at $1.5 billion, accounting for 20.2% of total exports.
Gems, Precious Metals: This category, which includes gold, is the second-largest export, valued at $976.3 million, representing 13.3% of total exports.
Electrical Machinery, Equipment: This category is the third-largest export, valued at $719.1 million, accounting for 9.8% of total exports.
Coffee, Spices: This category, which includes coffee, is another significant export, valued at $717 million, representing 9.7% of total exports.
describe agricultural trade deals your country has with other countries
China: Nicaragua and China have been working on implementing a Free Trade Agreement (FTA). They signed the “Early Harvest Agreement” (EHA), a trade instrument whose objective is to facilitate the bilateral exchange of agriculture-related goods by establishing preferential tariffs. This agreement favors trade in harnesses for vehicles, textiles, beef and bovine meat, seafood, vegetables, rum, plants and flowers, garlic, sweet corn, tuna, pasta, bakery products, truck tires, and raw materials. Nicaraguan exports to China could increase by some US$100 million in tariff-free goods.
United States: The United States is a significant trade partner for Nicaragua. In 2023, the total export value of U.S. agricultural products to Nicaragua was $475.58 million2. The United States exported a record $540 million of agricultural and related products to Nicaragua in 2022.
Links:
Nicaragua and China speed up implementation of free trade deal | bilaterals.org
Nicaragua | USDA Foreign Agricultural Service
102989-WP-P152101-Box394848B-OUO-9.pdf (worldbank.org)
Nicaragua’s Top Exports 2022 (worldstopexports.com)
Major exports of Nicaragua - International Trade Council (thetradecouncil.com)
Nicaragua Agricultural Raw Materials Imports by country 2019 | WITS Data (worldbank.org)
Nicaragua Imports By Country (tradingeconomics.com)
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