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On August 5, 2004, the United States signed the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) with five Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic (the Parties). Under the Agreement, the Parties significantly liberalized trade in goods and services.
The CAFTA-DR also includes important disciplines relating to: customs administration and trade facilitation, technical barriers to trade, government procurement, investment, telecommunications, electronic commerce, intellectual property rights, transparency and labor and environmental protection.
The Agreement entered into force for the United States and El Salvador on March 1, 2006; for Honduras and Nicaragua on Aril 1 2006; and for Guatemala on July 1, 2006. The CAFTA-DR entered into force for the Dominican Republic on March 1, 2007, and for Costa Rica on January 1, 2009.
U.S.-Nicaragua Trade Facts
Nicaragua is currently our 61st largest goods trading partner with $4.9 billion in total (two way) goods trade during 2017. Goods exports totaled $1.6 billion; goods imports totaled $3.3 billion. The U.S. goods trade deficit with Nicaragua was $1.7 billion in 2017.
Nicaragua was the United States' 66th largest goods export market in 2017.
U.S. goods exports to Nicaragua in 2017 were $1.6 billion, up 7.4% ($109 million) from 2016 and up 78.6% from 2007. U.S. exports to Nicaragua are up 154% from 2005 (pre-FTA).
The top export categories (2-digit HS) in 2017 were: mineral fuels ($308 million), machinery ($164 million), special other (low value estimates) ($162 million), knit apparel ($135 million), and electrical machinery ($104 million).
U.S. total exports of agricultural products to Nicaragua totaled $208 million in 2017. Leading domestic export categories include: corn ($43 million), soybean meal ($38 million), dairy products ($17 million), prepared food ($16 million), and pork & pork products ($14 million).
Nicaragua was the United States' 58th largest supplier of goods imports in 2017.
U.S. goods imports from Nicaragua totaled $3.3 billion in 2017, down 0.9% ($31 million) from 2016, but up 103.5% from 2007. U.S. imports from Nicaragua are up 176% from 2005 (pre-FTA).
The top import categories (2-digit HS) in 2017 were: knit apparel ($1.1 billion), electrical machinery ($524 million), woven apparel ($399 million), coffee, tea & spice ($289 million), and precious metal and stone ($281 million).
U.S. total imports of agricultural products from Nicaragua totaled $644 million in 2017. Leading categories include: coffee, unroasted ($287 million), red meats ($207 million), raw beet & cane sugar ($41 million), cheese ($21 million), and sugars, sweeteners, bev bases ($17 million).
The U.S. goods trade deficit with Nicaragua was $1.7 billion in 2017, a 7.7% decrease ($140 million) over 2016.
U.S. foreign direct investment (FDI) in Nicaragua (stock) was $187 million in 2017, a 13.8% decrease from 2016. There is no information on the distribution of U.S. FDI in Nicaragua.
Nicaragua's FDI in the United States (stock) was $7 million in 2016 (latest data available). There is no information on the distribution of Nicaragua FDI in the U.S.