Key Market Indicators
Nicaraguan truck imports are projected to drop slightly in the next five years. In 2021, the value of truck imports was $105 million, but this is set to fall by 0.6% year on year on average to $103 million by 2026. Since 1998, there has been a decrease of 10.4% year on year. In contrast, Nicaraguan truck exports are expected to increase over the same period. In 2021, the value of truck exports was $2.1 million and this is predicted to grow by 3.8% year on year on average to $2.7 million by 2026. Nicaragua has seen a steady rise of 20.4% year on year since 1998. In 2021, Peru overtook Nicaragua, ranking 92nd in the world with $2.1 million in truck exports. The United States, Germany and France, respectively, placed 2nd, 3rd and 4th in this ranking.
