Russian trade in goods with Nicaragua in Q1 2021
based on data from the Federal Customs Service of Russia
Russia’s Trade with Nicaragua
In the 1st quarter of 2021, Russia’s trade with Nicaragua totaled $18,838,254, up 11.18% ($1,894,989) from the 1st quarter of 2020.
Russia’s exports to Nicaragua in the 1st quarter of 2021 totaled $15,980,212, up 25.20% ($3,216,531) from the 1st quarter of 2020.
Russia’s imports from Nicaragua in the 1st quarter of 2021 were $2,858,042, down 31.62% ($1,321,542) from the 1st quarter of 2020.
Russia’s trade surplus with Nicaragua in the 1st quarter of 2021 was $13,122,170, a 52.87% increase ($4,538,073) over the 1st quarter of 2020.
Nicaragua was Russia’s 123rd largest trading partner in the 1st quarter of 2021 (down from 119th in the 1st quarter of 2020), accounting for 0.0122% of Russia’s total trade (up from 0.0119% in the 1st quarter of 2020).
Nicaragua was Russia’s 114th largest export market in the 1st quarter of 2021 (down from 110th in the 1st quarter of 2020), accounting for 0.0173% of Russia’s total exports (up from 0.0143% in the 1st quarter of 2020).
Nicaragua was Russia’s 120th largest supplier in the 1st quarter of 2021 (down from 107th in the 1st quarter of 2020), accounting for 0.0046% of Russia’s total imports (down from 0.0079% in the 1st quarter of 2020).
Russia’s Exports to Nicaragua
The major share of Russian exports to Nicaragua in the 1st quarter of 2021 (and in the 1st quarter of 2020) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 64.10% of Russia’s total exports to Nicaragua (60.45% in the 1st quarter of 2020);
- Chemical products (HS codes 28-40) - 20.70% of Russia’s total exports to Nicaragua (38.81% in the 1st quarter of 2020);
- Metals and products from them (HS codes 72-83) - 13.79% of Russia’s total exports to Nicaragua (0.00% in the 1st quarter of 2020);
- Machinery, equipment and vehicles (HS codes 84-90) - 1.17% of Russia’s total exports to Nicaragua (0.43% in the 1st quarter of 2020).
The largest gains in Russia’s exports to Nicaragua in the 1st quarter of 2021 over the 1st quarter of 2020 were recorded for the following product groups:
- Iron and steel (HS code 72) - an increase of $2,201,828;
- Cereals (HS code 10) - an increase of $2,129,426;
- Pharmaceutical products (HS code 30) - an increase of $1,141,383;
- Products of the milling industry; malt; starches; inulin; wheat gluten (HS code 11) - an increase of $398,315;
- 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 $66,932;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $61,405.
The largest declines in Russia’s exports to Nicaragua in the 1st quarter of 2021 over the 1st quarter of 2020 were recorded for the following product groups:
- Fertilizers (HS code 31) - a decrease of $2,743,133.
| HS code |
Name of product group | Value of exports in Q1 2021, US dollars ($) |
Percent share in total export | Value of exports in Q1 2020, US dollars ($) |
Percent change in Q1 2021 over Q1 2020 |
|---|---|---|---|---|---|
| 10 | Cereals | 9,845,200 | 61.61 | 7,715,774 | 27.60 |
| 11 | Products of the milling industry; malt; starches; inulin; wheat gluten | 398,315 | 2.49 | 0 | ∞ |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 39,596 | 0.25 | 0 | ∞ |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 8,814 | 0.06 | 16,785 | -47.49 |
| 29 | Organic chemicals | 22 | 0.00 | 0 | ∞ |
| 30 | Pharmaceutical products | 3,243,448 | 20.30 | 2,102,065 | 54.30 |
| 31 | Fertilizers | 53,367 | 0.33 | 2,796,500 | -98.09 |
| 34 | Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster | 28 | 0.00 | 0 | ∞ |
| 38 | Miscellaneous chemical products | 37 | 0.00 | 293 | -87.37 |
| 39 | Plastics and articles thereof | 1,923 | 0.01 | 38,057 | -94.95 |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 0 | 0.00 | 33,041 | -100.00 |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 71 | 0.00 | 4,058 | -98.25 |
| 70 | Glass and glassware | 0 | 0.00 | 1,157 | -100.00 |
| 72 | Iron and steel | 2,201,828 | 13.78 | 0 | ∞ |
| 73 | Articles of iron or steel | 561 | 0.00 | 0 | ∞ |
| 76 | Aluminum and articles thereof | 572 | 0.00 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 116,402 | 0.73 | 54,997 | 111.65 |
| 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 | 66,932 | 0.42 | 0 | ∞ |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 3,096 | 0.02 | 0 | ∞ |
| 96 | Miscellaneous manufactured articles | 0 | 0.00 | 954 | -100.00 |
Russia’s Imports from Nicaragua
The major share of Russian imports from Nicaragua in the 1st quarter of 2021 (and in the 1st quarter of 2020) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 92.91% of Russia’s total imports from Nicaragua (90.12% in the 1st quarter of 2020);
- Textiles, textile products and footwear (HS codes 50-67) - 5.40% of Russia’s total imports from Nicaragua (2.93% in the 1st quarter of 2020);
- Machinery, equipment and vehicles (HS codes 84-90) - 1.48% of Russia’s total imports from Nicaragua (0.76% in the 1st quarter of 2020);
- Metals and products from them (HS codes 72-83) - 0.01% of Russia’s total imports from Nicaragua (6.17% in the 1st quarter of 2020).
The largest gains in Russia’s imports from Nicaragua in the 1st quarter of 2021 over the 1st 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 $1,306,281;
- Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $77,335;
- Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $23,769.
The largest declines in Russia’s imports from Nicaragua in the 1st quarter of 2021 over the 1st quarter of 2020 were recorded for the following product groups:
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $2,341,532;
- Copper and articles thereof (HS code 74) - a decrease of $258,047;
- Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $72,000;
- Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $57,595;
- Beverages, spirits and vinegar (HS code 22) - a decrease of $18,719.
| HS code |
Name of product group | Value of imports in Q1 2021, US dollars ($) |
Percent share in total import | Value of imports in Q1 2020, US dollars ($) |
Percent change in Q1 2021 over Q1 2020 |
|---|---|---|---|---|---|
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 0 | 0.00 | 2,341,532 | -100.00 |
| 09 | Coffee, tea, maté and spices | 717,264 | 25.10 | 721,360 | -0.57 |
| 12 | Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder | 1,915,307 | 67.01 | 609,026 | 214.49 |
| 18 | Cocoa and cocoa preparations | 4,184 | 0.15 | 0 | ∞ |
| 22 | Beverages, spirits and vinegar | 0 | 0.00 | 18,719 | -100.00 |
| 24 | Tobacco and manufactured tobacco substitutes | 18,531 | 0.65 | 76,126 | -75.66 |
| 39 | Plastics and articles thereof | 4,648 | 0.16 | 10 | 46,380.00 |
| 44 | Wood and articles of wood; wood charcoal | 622 | 0.02 | 748 | -16.84 |
| 46 | Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork | 546 | 0.02 | 0 | ∞ |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 113,517 | 3.97 | 36,182 | 213.74 |
| 62 | Articles of apparel and clothing accessories, not knitted or crocheted | 16,914 | 0.59 | 14,111 | 19.86 |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 0 | 0.00 | 72,000 | -100.00 |
| 64 | Footwear, gaiters and the like; parts of such articles | 23,769 | 0.83 | 0 | ∞ |
| 74 | Copper and articles thereof | 0 | 0.00 | 258,047 | -100.00 |
| 76 | Aluminum and articles thereof | 92 | 0.00 | 0 | ∞ |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 329 | 0.01 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 100 | 0.00 | 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 | 10,489 | 0.37 | 11,975 | -12.41 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 5,747 | 0.20 | 1,244 | 361.98 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 25,983 | 0.91 | 18,504 | 40.42 |