Key Market Indicators
Nicaraguan exports of fabric are expected to reach approximately $2.1 million by 2026, up from $1.6 million in 2021. This growth rate of 4.6% per year has been consistent since 2004, when exports of fabric saw an impressive 43.6% year-on-year increase. In 2021, Nicaragua ranked 71st in the world for fabric exports, while Paraguay was just ahead with exports of $1.6 million. South Korea, Italy and Germany held the top spots, respectively. Meanwhile, imports of fabric into Nicaragua are estimated to reach $779 million by 2026, up from $589 million in 2021. This average growth rate of 4.7% per year has been in place since 1998, when imports of fabric saw a 9.6% year-on-year increase. In 2021, Nicaragua ranked 10th in the world for fabric imports, with Jordan just ahead at $589 million. Indonesia, China and the United States held the top spots for fabric imports, respectively.
