Russian trade with Nicaragua in the 1st quarter of 2016
based on data from the Federal Customs Service of Russia
Russia's Trade with Nicaragua
In the 1st quarter of 2016, Russia's trade with Nicaragua was $8,977,263, down 16.98% ($1,835,875) from the 1st quarter of 2015.
Russia's exports to Nicaragua in the 1st quarter of 2016 were $8,015,980, down 12.01% ($1,094,593) from the 1st quarter of 2015.
Russia's imports from Nicaragua in the 1st quarter of 2016 were $961,283, down 43.54% ($741,282) from the 1st quarter of 2015.
Russia's trade surplus with Nicaragua in the 1st quarter of 2016 was $7,054,697, a 4.77% decrease ($353,311) over the 1st quarter of 2015.
Nicaragua was Russia's 124th largest trading partner in the 1st quarter of 2016 (down from 123rd in the 1st quarter of 2015), accounting for 0.0092% of Russia's total trade (up from 0.0082% in the 1st quarter of 2015).
Nicaragua was Russia's 113th largest export market in the 1st quarter of 2016 (just as in the 1st quarter of 2015), accounting for 0.0131% of Russia's total exports (up from 0.0101% in the 1st quarter of 2015).
Nicaragua was Russia's 122nd largest supplier in the 1st quarter of 2016 (down from 117th in the 1st quarter of 2015), accounting for 0.0027% of Russia's total imports (down from 0.0041% in the 1st quarter of 2015).
Russia's Exports to Nicaragua
The major share of Russian exports to Nicaragua in the 1st quarter of 2016 (and in the 1st quarter of 2015) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 68.91% of Russia's total exports to Nicaragua (95.50% in the 1st quarter of 2015);
- Chemical products (HS codes 28-40) - 27.69% of Russia's total exports to Nicaragua (1.56% in the 1st quarter of 2015);
- Machinery, equipment and vehicles (HS codes 84-90) - 3.41% of Russia's total exports to Nicaragua (2.75% in the 1st quarter of 2015).
The largest gains in Russia's exports to Nicaragua in the 1st quarter of 2016 over the 1st quarter of 2015 were recorded for the following product groups:
- Fertilizers (HS code 31) - an increase of $2,178,067;
- Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $66,703.
The largest declines in Russia's exports to Nicaragua in the 1st quarter of 2016 over the 1st quarter of 2015 were recorded for the following product groups:
- Cereals (HS code 10) - a decrease of $3,176,827;
- Rubber and articles thereof (HS code 40) - a decrease of $100,722;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $34,489.
| HS code |
Name of product group | Value of exports in Q1 2016, US dollars ($) |
Percent share in total export in Q1 2016 |
Percent change in Q1 2016 over Q1 2015 |
|---|---|---|---|---|
| 10 | Cereals | 5,523,579 | 68.91 | -36.51 |
| 31 | Fertilizers | 2,178,067 | 27.17 | ∞ |
| 39 | Plastics and articles thereof | 0 | 0.00 | -100.00 |
| 40 | Rubber and articles thereof | 41,334 | 0.52 | -70.90 |
| 70 | Glass and glassware | 0 | 0.00 | -100.00 |
| 73 | Articles of iron or steel | 0 | 0.00 | -100.00 |
| 83 | Miscellaneous articles of base metal | 0 | 0.00 | -100.00 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 0 | 0.00 | -100.00 |
| 85 | Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | 0 | 0.00 | -100.00 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 273,000 | 3.41 | 32.33 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 0 | 0.00 | -100.00 |
| SS | Classified | 0 | 0.00 | -100.00 |
Russia's Imports from Nicaragua
The major share of Russian imports from Nicaragua in the 1st quarter of 2016 (and in the 1st quarter of 2015) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 96.01% of Russia's total imports from Nicaragua (98.94% in the 1st quarter of 2015);
- Textiles, textile products and footwear (HS codes 50-67) - 3.44% of Russia's total imports from Nicaragua (0.83% in the 1st quarter of 2015).
The largest gains in Russia's imports from Nicaragua in the 1st quarter of 2016 over the 1st quarter of 2015 were recorded for the following product groups:
- Coffee, tea, maté and spices (HS code 09) - an increase of $617,067;
- Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $12,002;
- Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $7,983.
The largest declines in Russia's imports from Nicaragua in the 1st quarter of 2016 over the 1st quarter of 2015 were recorded for the following product groups:
- Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - a decrease of $1,021,358;
- Meat and edible meat offal (HS code 02) - a decrease of $346,484;
- Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - a decrease of $13,892.
| HS code |
Name of product group | Value of imports in Q1 2016, US dollars ($) |
Percent share in total import in Q1 2016 |
Percent change in Q1 2016 over Q1 2015 |
|---|---|---|---|---|
| 02 | Meat and edible meat offal | 70,807 | 7.37 | -83.03 |
| 06 | Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage | 162 | 0.02 | ∞ |
| 08 | Edible fruit and nuts; peel of citrus fruit or melons | 0 | 0.00 | -100.00 |
| 09 | Coffee, tea, maté and spices | 741,974 | 77.19 | 494.02 |
| 12 | Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder | 107,000 | 11.13 | -90.52 |
| 17 | Sugars and sugar confectionery | 2,073 | 0.22 | ∞ |
| 22 | Beverages, spirits and vinegar | 923 | 0.10 | ∞ |
| 39 | Plastics and articles thereof | 3 | 0.00 | ∞ |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 17,568 | 1.83 | 215.63 |
| 62 | Articles of apparel and clothing accessories, not knitted or crocheted | 15,495 | 1.61 | 106.27 |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 0 | 0.00 | -100.00 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 528 | 0.05 | ∞ |
| 85 | Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | 4,639 | 0.48 | 14.06 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 111 | 0.01 | ∞ |