Russian foreign trade
reports and reviews

Russian trade with Nicaragua in the 2nd quarter of 2016

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia's foreign trade in goods with Nicaragua in the second quarter of 2016: exports, imports, products, dynamics.

Russia's Trade with Nicaragua

In the 2nd quarter of 2016, Russia's trade with Nicaragua was $5,988,963, down 43.03% ($4,522,819) from the 2nd quarter of 2015.

Russia's exports to Nicaragua in the 2nd quarter of 2016 were $2,941,873, down 63.52% ($5,121,659) from the 2nd quarter of 2015.

Russia's imports from Nicaragua in the 2nd quarter of 2016 totaled $3,047,090, up 24.46% ($598,840) from the 2nd quarter of 2015.

Russia's trade with Nicaragua went from a surplus of $5,615,282 in the 2nd quarter of 2015, to a deficit of $105,217 in the 2nd quarter of 2016.

Nicaragua was Russia's 133rd largest trading partner in the 2nd quarter of 2016 (down from 127th in the 2nd quarter of 2015), accounting for 0.0055% of Russia's total trade (down from 0.0077% in the 2nd quarter of 2015).

Nicaragua was Russia's 125th largest export market in the 2nd quarter of 2016 (down from 119th in the 2nd quarter of 2015), accounting for 0.0044% of Russia's total exports (down from 0.0088% in the 2nd quarter of 2015).

Nicaragua was Russia's 110th largest supplier in the 2nd quarter of 2016 (up from 113th in the 2nd quarter of 2015), accounting for 0.0072% of Russia's total imports (up from 0.0055% in the 2nd quarter of 2015).

Russia's Exports to Nicaragua

The major share of Russian exports to Nicaragua in the 2nd quarter of 2016 (and in the 2nd quarter of 2015) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 85.69% of Russia's total exports to Nicaragua (2.66% in the 2nd quarter of 2015);
  • Machinery, equipment and vehicles (HS codes 84-90) - 8.77% of Russia's total exports to Nicaragua (2.67% in the 2nd quarter of 2015);
  • Mineral products (HS codes 25-27) - 4.54% of Russia's total exports to Nicaragua (0.00% in the 2nd quarter of 2015);
  • Food products and agricultural raw materials (HS codes 01-24) - 0.00% of Russia's total exports to Nicaragua (94.41% in the 2nd quarter of 2015).

The largest gains in Russia's exports to Nicaragua in the 2nd quarter of 2016 over the 2nd quarter of 2015 were recorded for the following product groups:

  • Fertilizers (HS code 31) - an increase of $1,388,810;
  • Pharmaceutical products (HS code 30) - an increase of $865,151;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $133,493;
  • Rubber and articles thereof (HS code 40) - an increase of $95,042;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $15,135;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $11,350.

The largest declines in Russia's exports to Nicaragua in the 2nd quarter of 2016 over the 2nd quarter of 2015 were recorded for the following product groups:

  • Cereals (HS code 10) - a decrease of $7,612,500;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $42,171.
Russia's exports to Nicaragua in the 2nd quarter of 2016 by product groups
HS
code
Name of product group Value of exports
in Q2 2016,
US dollars ($)
Percent share in total export Value of exports
in Q2 2015,
US dollars ($)
Percent change
in Q2 2016
over Q2 2015
10 Cereals 0 0.00 7,612,500-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 133,493 4.54 0
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0 0.00 42,171-100.00
30 Pharmaceutical products 865,151 29.41 0
31 Fertilizers 1,388,810 47.21 0
40 Rubber and articles thereof 267,017 9.08 171,97555.27
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 24,659 0.84 21,63613.97
73 Articles of iron or steel 4,802 0.16 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 11,350 0.39 0
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 8,053 0.27 0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 230,385 7.83 215,2507.03
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 8,153 0.28 0

Russia's Imports from Nicaragua

The major share of Russian imports from Nicaragua in the 2nd quarter of 2016 (and in the 2nd quarter of 2015) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 99.44% of Russia's total imports from Nicaragua (96.68% in the 2nd quarter of 2015);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.44% of Russia's total imports from Nicaragua (3.02% in the 2nd quarter of 2015).

The largest gains in Russia's imports from Nicaragua in the 2nd quarter of 2016 over the 2nd 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) - an increase of $688,968;
  • Coffee, tea, maté and spices (HS code 09) - an increase of $499,631;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - an increase of $44,667.

The largest declines in Russia's imports from Nicaragua in the 2nd quarter of 2016 over the 2nd quarter of 2015 were recorded for the following product groups:

  • Meat and edible meat offal (HS code 02) - a decrease of $530,201;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $58,935;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $40,087.
Russia's imports from Nicaragua in the 2nd quarter of 2016 by product groups
HS
code
Name of product group Value of imports in Q2 2016,
US dollars ($)
Percent share in total import Value of imports in Q2 2015,
US dollars ($)
Percent change
in Q2 2016
over Q2 2015
02 Meat and edible meat offal 0 0.00 530,201-100.00
09 Coffee, tea, maté and spices 1,107,333 36.34 607,70282.22
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 1,855,462 60.89 1,166,49459.06
22 Beverages, spirits and vinegar 0 0.00 40,087-100.00
24 Tobacco and manufactured tobacco substitutes 67,128 2.20 22,461198.86
44 Wood and articles of wood; wood charcoal 0 0.00 493-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 9,486 0.31 68,421-86.14
62 Articles of apparel and clothing accessories, not knitted or crocheted 3,785 0.12 5,523-31.47
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 3,896 0.13 6,868-43.27
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Russian foreign trade statistics
Source: Federal Customs Service of Russia