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Russian trade in goods with Nicaragua in Q4 2021

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 fourth quarter of 2021: exports, imports, products, dynamics.

Russia’s Trade with Nicaragua

In the 4th quarter of 2021, Russia’s trade with Nicaragua totaled $65,460,887, up 271.85% ($47,856,792) from the 4th quarter of 2020.

Russia’s exports to Nicaragua in the 4th quarter of 2021 totaled $62,322,658, up 286.11% ($46,181,437) from the 4th quarter of 2020.

Russia’s imports from Nicaragua in the 4th quarter of 2021 totaled $3,138,229, up 114.52% ($1,675,355) from the 4th quarter of 2020.

Russia’s trade surplus with Nicaragua in the 4th quarter of 2021 was $59,184,429, a 303.21% increase ($44,506,082) over the 4th quarter of 2020.

Nicaragua was Russia’s 104th largest trading partner in the 4th quarter of 2021 (up from 128th in the 4th quarter of 2020), accounting for 0.0282% of Russia’s total trade (up from 0.0109% in the 4th quarter of 2020).

Nicaragua was Russia’s 93rd largest export market in the 4th quarter of 2021 (up from 114th in the 4th quarter of 2020), accounting for 0.0414% of Russia’s total exports (up from 0.0171% in the 4th quarter of 2020).

Nicaragua was Russia’s 123rd largest supplier in the 4th quarter of 2021 (just as in the 4th quarter of 2020), accounting for 0.0038% of Russia’s total imports (up from 0.0022% in the 4th quarter of 2020).

Russia’s Exports to Nicaragua

The major share of Russian exports to Nicaragua in the 4th quarter of 2021 (and in the 4th quarter of 2020) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 95.51% of Russia’s total exports to Nicaragua (48.88% in the 4th quarter of 2020);
  • Metals and products from them (HS codes 72-83) - 4.28% of Russia’s total exports to Nicaragua (0.46% in the 4th quarter of 2020);
  • Mineral products (HS codes 25-27) - 0.20% of Russia’s total exports to Nicaragua (1.01% in the 4th quarter of 2020);
  • Food products and agricultural raw materials (HS codes 01-24) - 0.00% of Russia’s total exports to Nicaragua (49.35% in the 4th quarter of 2020).

The largest gains in Russia’s exports to Nicaragua in the 4th quarter of 2021 over the 4th quarter of 2020 were recorded for the following product groups:

  • Pharmaceutical products (HS code 30) - an increase of $45,738,150;
  • Fertilizers (HS code 31) - an increase of $5,801,560;
  • Iron and steel (HS code 72) - an increase of $2,591,108.

The largest declines in Russia’s exports to Nicaragua in the 4th quarter of 2021 over the 4th quarter of 2020 were recorded for the following product groups:

  • Cereals (HS code 10) - a decrease of $7,722,000;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $243,191.
Russia’s exports to Nicaragua in the 4th quarter of 2021 by product groups
HS
code
Name of product group Value of exports
in Q4 2021,
US dollars ($)
Percent share in total export Value of exports
in Q4 2020,
US dollars ($)
Percent change
in Q4 2021
over Q4 2020
10 Cereals 0 0.00 7,722,000-100.00
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 0 0.00 243,191-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 122,344 0.20 162,821-24.86
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 100,228 0.16 0
29 Organic chemicals 171 0.00 0
30 Pharmaceutical products 50,148,552 80.47 4,410,4021,037.05
31 Fertilizers 9,277,047 14.89 3,475,487166.93
38 Miscellaneous chemical products 669 0.00 0
39 Plastics and articles thereof 0 0.00 2,457-100.00
40 Rubber and articles thereof 0 0.00 756-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0 0.00 5,440-100.00
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 0 0.00 9-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 4,214 0.01 2,25486.96
70 Glass and glassware 0 0.00 50-100.00
72 Iron and steel 2,665,292 4.28 74,1843,492.81
73 Articles of iron or steel 0 0.00 141-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0 0.00 8,193-100.00
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 117 0.00 6,210-98.12
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0 0.00 27,626-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 2,920 0.00 0
97 Works of art, collectors’ pieces and antiques 1,104 0.00 0

Russia’s Imports from Nicaragua

The major share of Russian imports from Nicaragua in the 4th quarter of 2021 (and in the 4th quarter of 2020) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 89.99% of Russia’s total imports from Nicaragua (80.95% in the 4th quarter of 2020);
  • Textiles, textile products and footwear (HS codes 50-67) - 8.61% of Russia’s total imports from Nicaragua (18.61% in the 4th quarter of 2020);
  • Wood and wood products (HS codes 44-49) - 1.09% of Russia’s total imports from Nicaragua (0.00% in the 4th quarter of 2020).

The largest gains in Russia’s imports from Nicaragua in the 4th quarter of 2021 over the 4th 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 $2,197,049;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - an increase of $76,123;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $55,618;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $38,902;
  • Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard (HS code 47) - an increase of $34,201;
  • Cocoa and cocoa preparations (HS code 18) - an increase of $24,020;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $14,016.

The largest declines in Russia’s imports from Nicaragua in the 4th quarter of 2021 over the 4th quarter of 2020 were recorded for the following product groups:

  • Coffee, tea, maté and spices (HS code 09) - a decrease of $694,361;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $54,875;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - a decrease of $18,429.
Russia’s imports from Nicaragua in the 4th quarter of 2021 by product groups
HS
code
Name of product group Value of imports in Q4 2021,
US dollars ($)
Percent share in total import Value of imports in Q4 2020,
US dollars ($)
Percent change
in Q4 2021
over Q4 2020
08 Edible fruit and nuts; peel of citrus fruit or melons 34,167 1.09 52,596-35.04
09 Coffee, tea, maté and spices 234,006 7.46 928,367-74.79
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 2,197,049 70.01 0
18 Cocoa and cocoa preparations 24,020 0.77 0
22 Beverages, spirits and vinegar 74,861 2.39 19,243289.03
24 Tobacco and manufactured tobacco substitutes 260,100 8.29 183,97741.38
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 34,201 1.09 0
61 Articles of apparel and clothing accessories, knitted or crocheted 114,292 3.64 75,39051.60
62 Articles of apparel and clothing accessories, not knitted or crocheted 15,417 0.49 1,4011,000.43
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 140,582 4.48 195,457-28.08
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 9,153 0.29 6,44342.06
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 381 0.01 0
Russian foreign trade statistics
Source: Federal Customs Service of Russia