Key Market Indicators
Rum exports from Nicaragua are set to reach $35.3 million by 2026, up from $29.6 million in 2021. This represents an average annual growth rate of 2.9%. Since 1998, Nicaraguan exports have grown at an average of 12.3% per year. In 2021, Nicaragua was ranked 15th globally, with Jamaica in the lead at $29.6 million. The United States, Italy and France were the second, third and fourth largest exporters. Rum imports to Nicaragua are expected to drop to $909 by 2026, from $16.7 million in 2021. This is a year-on-year decrease of 42.3%. Since 1998, Nicaraguan imports have increased at an average of 3.7% per year. In 2021, Nicaragua was ranked 127th in the world, with Algeria in the lead at $16.7 million. Italy, the United States and Spain were the second, third and fourth largest importers.
