Russian trade in goods with Nicaragua in Q2 2021
based on data from the Federal Customs Service of Russia
Russia’s Trade with Nicaragua
In the 2nd quarter of 2021, Russia’s trade with Nicaragua totaled $25,663,272, up 157.57% ($15,699,732) from the 2nd quarter of 2020.
Russia’s exports to Nicaragua in the 2nd quarter of 2021 totaled $20,111,281, up 290.51% ($14,961,263) from the 2nd quarter of 2020.
Russia’s imports from Nicaragua in the 2nd quarter of 2021 totaled $5,551,991, up 15.34% ($738,469) from the 2nd quarter of 2020.
Russia’s trade surplus with Nicaragua in the 2nd quarter of 2021 was $14,559,290, a 4,226.73% increase ($14,222,794) over the 2nd quarter of 2020.
Nicaragua was Russia’s 120th largest trading partner in the 2nd quarter of 2021 (up from 127th in the 2nd quarter of 2020), accounting for 0.0136% of Russia’s total trade (up from 0.0082% in the 2nd quarter of 2020).
Nicaragua was Russia’s 112th largest export market in the 2nd quarter of 2021 (up from 125th in the 2nd quarter of 2020), accounting for 0.0175% of Russia’s total exports (up from 0.0074% in the 2nd quarter of 2020).
Nicaragua was Russia’s 114th largest supplier in the 2nd quarter of 2021 (down from 109th in the 2nd quarter of 2020), accounting for 0.0075% of Russia’s total imports (down from 0.0092% in the 2nd quarter of 2020).
Russia’s Exports to Nicaragua
The major share of Russian exports to Nicaragua in the 2nd quarter of 2021 (and in the 2nd quarter of 2020) was accounted for the following product types:
- Metals and products from them (HS codes 72-83) - 55.32% of Russia’s total exports to Nicaragua (0.33% in the 2nd quarter of 2020);
- Chemical products (HS codes 28-40) - 32.24% of Russia’s total exports to Nicaragua (26.77% in the 2nd quarter of 2020);
- Food products and agricultural raw materials (HS codes 01-24) - 9.06% of Russia’s total exports to Nicaragua (64.08% in the 2nd quarter of 2020);
- Machinery, equipment and vehicles (HS codes 84-90) - 1.65% of Russia’s total exports to Nicaragua (0.25% in the 2nd quarter of 2020);
- Mineral products (HS codes 25-27) - 1.63% of Russia’s total exports to Nicaragua (8.53% in the 2nd quarter of 2020).
The largest gains in Russia’s exports to Nicaragua in the 2nd quarter of 2021 over the 2nd quarter of 2020 were recorded for the following product groups:
- Iron and steel (HS code 72) - an increase of $11,097,703;
- Pharmaceutical products (HS code 30) - an increase of $2,885,500;
- Fertilizers (HS code 31) - an increase of $2,107,825;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $1,646,353;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $219,141;
- Products of the milling industry; malt; starches; inulin; wheat gluten (HS code 11) - an increase of $176,730;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $98,421;
- Plastics and articles thereof (HS code 39) - an increase of $84,951.
The largest declines in Russia’s exports to Nicaragua in the 2nd quarter of 2021 over the 2nd quarter of 2020 were recorded for the following product groups:
- Cereals (HS code 10) - a decrease of $3,300,000;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $110,554.
| HS code |
Name of product group | Value of exports in Q2 2021, US dollars ($) |
Percent share in total export | Value of exports in Q2 2020, US dollars ($) |
Percent change in Q2 2021 over Q2 2020 |
|---|---|---|---|---|---|
| 10 | Cereals | 0 | 0.00 | 3,300,000 | -100.00 |
| 11 | Products of the milling industry; malt; starches; inulin; wheat gluten | 176,730 | 0.88 | 0 | ∞ |
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 1,646,353 | 8.19 | 0 | ∞ |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 328,648 | 1.63 | 439,202 | -25.17 |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 20,700 | 0.10 | 0 | ∞ |
| 29 | Organic chemicals | 84 | 0.00 | 0 | ∞ |
| 30 | Pharmaceutical products | 2,885,500 | 14.35 | 0 | ∞ |
| 31 | Fertilizers | 3,486,438 | 17.34 | 1,378,613 | 152.89 |
| 32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 1,676 | 0.01 | 0 | ∞ |
| 38 | Miscellaneous chemical products | 63 | 0.00 | 0 | ∞ |
| 39 | Plastics and articles thereof | 84,951 | 0.42 | 0 | ∞ |
| 40 | Rubber and articles thereof | 4,055 | 0.02 | 0 | ∞ |
| 49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 9,314 | 0.05 | 0 | ∞ |
| 62 | Articles of apparel and clothing accessories, not knitted or crocheted | 1,536 | 0.01 | 0 | ∞ |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 114 | 0.00 | 2,254 | -94.94 |
| 65 | Headgear and parts thereof | 199 | 0.00 | 0 | ∞ |
| 70 | Glass and glassware | 3,050 | 0.02 | 0 | ∞ |
| 72 | Iron and steel | 11,114,652 | 55.27 | 16,949 | 65,477.04 |
| 73 | Articles of iron or steel | 6,157 | 0.03 | 0 | ∞ |
| 76 | Aluminum and articles thereof | 16 | 0.00 | 0 | ∞ |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 4,928 | 0.02 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 98,421 | 0.49 | 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 | 14,546 | 0.07 | 13,000 | 11.89 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 219,141 | 1.09 | 0 | ∞ |
| 91 | Clocks and watches and parts thereof | 232 | 0.00 | 0 | ∞ |
| 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 | 3,777 | 0.02 | 0 | ∞ |
Russia’s Imports from Nicaragua
The major share of Russian imports from Nicaragua in the 2nd quarter of 2021 (and in the 2nd quarter of 2020) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 97.55% of Russia’s total imports from Nicaragua (91.91% in the 2nd quarter of 2020);
- Textiles, textile products and footwear (HS codes 50-67) - 2.14% of Russia’s total imports from Nicaragua (1.73% in the 2nd quarter of 2020);
- Metals and products from them (HS codes 72-83) - 0.00% of Russia’s total imports from Nicaragua (5.80% in the 2nd quarter of 2020).
The largest gains in Russia’s imports from Nicaragua in the 2nd quarter of 2021 over the 2nd quarter of 2020 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 $2,486,804;
- Coffee, tea, maté and spices (HS code 09) - an increase of $553,451;
- Tobacco and manufactured tobacco substitutes (HS code 24) - an increase of $116,370;
- Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $85,317.
The largest declines in Russia’s imports from Nicaragua in the 2nd quarter of 2021 over the 2nd quarter of 2020 were recorded for the following product groups:
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $2,177,374;
- Copper and articles thereof (HS code 74) - a decrease of $279,152;
- Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $62,250;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $22,628.
| HS code |
Name of product group | Value of imports in Q2 2021, US dollars ($) |
Percent share in total import | Value of imports in Q2 2020, US dollars ($) |
Percent change in Q2 2021 over Q2 2020 |
|---|---|---|---|---|---|
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 0 | 0.00 | 2,177,374 | -100.00 |
| 06 | Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage | 31 | 0.00 | 0 | ∞ |
| 09 | Coffee, tea, maté and spices | 1,936,040 | 34.87 | 1,382,589 | 40.03 |
| 12 | Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder | 3,320,208 | 59.80 | 833,404 | 298.39 |
| 22 | Beverages, spirits and vinegar | 16,830 | 0.30 | 4,147 | 305.84 |
| 24 | Tobacco and manufactured tobacco substitutes | 142,892 | 2.57 | 26,522 | 438.77 |
| 30 | Pharmaceutical products | 8,166 | 0.15 | 0 | ∞ |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 104,001 | 1.87 | 18,684 | 456.63 |
| 62 | Articles of apparel and clothing accessories, not knitted or crocheted | 2,204 | 0.04 | 2,152 | 2.42 |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 0 | 0.00 | 62,250 | -100.00 |
| 64 | Footwear, gaiters and the like; parts of such articles | 12,359 | 0.22 | 0 | ∞ |
| 71 | Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin | 1,027 | 0.02 | 0 | ∞ |
| 74 | Copper and articles thereof | 0 | 0.00 | 279,152 | -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 | 7,426 | 0.13 | 3,813 | 94.75 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 807 | 0.01 | 23,435 | -96.56 |