Russian foreign trade
reports and reviews

Russian trade in goods with Nicaragua in Q1 2017

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 first quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Nicaragua

In the 1st quarter of 2017, Russia’s trade with Nicaragua totaled $9,411,592, up 4.84% ($434,329) from the 1st quarter of 2016.

Russia’s exports to Nicaragua in the 1st quarter of 2017 were $7,696,879, down 3.98% ($319,101) from the 1st quarter of 2016.

Russia’s imports from Nicaragua in the 1st quarter of 2017 totaled $1,714,713, up 78.38% ($753,430) from the 1st quarter of 2016.

Russia’s trade surplus with Nicaragua in the 1st quarter of 2017 was $5,982,166, a 15.20% decrease ($1,072,531) over the 1st quarter of 2016.

Nicaragua was Russia’s 129th largest trading partner in the 1st quarter of 2017 (down from 124th in the 1st quarter of 2016), accounting for 0.0073% of Russia’s total trade (down from 0.0092% in the 1st quarter of 2016).

Nicaragua was Russia’s 116th largest export market in the 1st quarter of 2017 (down from 113th in the 1st quarter of 2016), accounting for 0.0092% of Russia’s total exports (down from 0.0131% in the 1st quarter of 2016).

Nicaragua was Russia’s 117th largest supplier in the 1st quarter of 2017 (up from 122nd in the 1st quarter of 2016), accounting for 0.0038% of Russia’s total imports (up from 0.0027% in the 1st quarter of 2016).

Russia’s Exports to Nicaragua

The major share of Russian exports to Nicaragua in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 88.55% of Russia’s total exports to Nicaragua (68.91% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 4.44% of Russia’s total exports to Nicaragua (3.41% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 4.12% of Russia’s total exports to Nicaragua (27.69% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.95% of Russia’s total exports to Nicaragua (0.00% in the 1st quarter of 2016).

The largest gains in Russia’s exports to Nicaragua in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Cereals (HS code 10) - an increase of $1,019,799;
  • 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 (HS code 85) - an increase of $290,901;
  • Products of the milling industry; malt; starches; inulin; wheat gluten (HS code 11) - an increase of $271,930;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $150,000;
  • Pharmaceutical products (HS code 30) - an increase of $146,575;
  • Rubber and articles thereof (HS code 40) - an increase of $129,437;
  • Articles of iron or steel (HS code 73) - an increase of $40,619;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $31,612.

The largest declines in Russia’s exports to Nicaragua in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Fertilizers (HS code 31) - a decrease of $2,178,067;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $234,497.
Russia’s exports to Nicaragua in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value of exports
in Q1 2017,
US dollars ($)
Percent share in total export Value of exports
in Q1 2016,
US dollars ($)
Percent change
in Q1 2017
over Q1 2016
10 Cereals 6,543,378 85.01 5,523,57918.46
11 Products of the milling industry; malt; starches; inulin; wheat gluten 271,930 3.53 0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 150,000 1.95 0
30 Pharmaceutical products 146,575 1.90 0
31 Fertilizers 0 0.00 2,178,067-100.00
40 Rubber and articles thereof 170,771 2.22 41,334313.15
44 Wood and articles of wood; wood charcoal 31,612 0.41 0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 73 0.00 0
73 Articles of iron or steel 40,619 0.53 0
83 Miscellaneous articles of base metal 13 0.00 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 12,079 0.16 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 290,901 3.78 0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 38,503 0.50 273,000-85.90
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 425 0.01 0

Russia’s Imports from Nicaragua

The major share of Russian imports from Nicaragua in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 95.92% of Russia’s total imports from Nicaragua (96.01% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 3.63% of Russia’s total imports from Nicaragua (3.44% in the 1st quarter of 2016).

The largest gains in Russia’s imports from Nicaragua in the 1st quarter of 2017 over the 1st quarter of 2016 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 $842,424;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - an increase of $72,221;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $40,575.

The largest declines in Russia’s imports from Nicaragua in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Coffee, tea, maté and spices (HS code 09) - a decrease of $120,127;
  • Meat and edible meat offal (HS code 02) - a decrease of $70,807;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $14,114.
Russia’s imports from Nicaragua in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value of imports in Q1 2017,
US dollars ($)
Percent share in total import Value of imports in Q1 2016,
US dollars ($)
Percent change
in Q1 2017
over Q1 2016
02 Meat and edible meat offal 0 0.00 70,807-100.00
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 0 0.00 162-100.00
07 Edible vegetables and certain roots and tubers 451 0.03 0
09 Coffee, tea, maté and spices 621,847 36.27 741,974-16.19
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 949,424 55.37 107,000787.31
17 Sugars and sugar confectionery 0 0.00 2,073-100.00
22 Beverages, spirits and vinegar 887 0.05 923-3.90
24 Tobacco and manufactured tobacco substitutes 72,221 4.21 0
39 Plastics and articles thereof 0 0.00 3-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 3,454 0.20 17,568-80.34
62 Articles of apparel and clothing accessories, not knitted or crocheted 56,070 3.27 15,495261.86
64 Footwear, gaiters and the like; parts of such articles 2,732 0.16 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0 0.00 528-100.00
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 7,022 0.41 4,63951.37
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0 0.00 111-100.00
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 605 0.04 0

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Russian foreign trade statistics
Source: Federal Customs Service of Russia