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.
Nicaragua Trade Summary
U.S. total goods trade with Nicaragua were an estimated $7.6 billion in 2024. U.S. goods exports to Nicaragua in 2024 were $2.9 billion, up 24.4 percent ($576.2 million) from 2023. U.S. goods imports from Nicaragua in 2024 totaled $4.6 billion, down 2.0 percent ($95.5 million) from 2023. The U.S. goods trade deficit with Nicaragua was $1.7 billion in 2024, a 28.5 percent decrease ($671.7 million) over 2023.
