Export revenue up 23% in 2011

(posted Dec. 31, 8:55 a.m.) – Nicaragua’s export revenues grew by 23.27% this year, jumping from $1.9 billion in 2010 to $2.3 billion in 2011, according to CETREX export numbers cited by Informe Pastran.

While export volumes actually decreased this year, revenue grew thanks to high commodity prices. Nicaragua’s top exports this year continued to be beef, coffee, sugar, peanuts, cheese, shrimp, milk and lobster.

The principal markets for Nicaraguan products are, in order of importance: United States, Venezuela, Canada, El Salvador, Costa Rica, Mexico, Guatemala and Honduras.

Nicaragua’s free-trade zones also increased production and export levels as the sector fully recovered its lost factory jobs from 2009 and expanded this year. Nicaragua’s 2011 export totals from free-trade zones reached close to $1.8 billion this year.

Though Nicaragua’s economy, which grew 4.5% this year, is expected to slow to 3-3.5% in 2012, the country’s export sector will benefit the new free-trade agreement with Mexico and the continued growth of free-trade zones.

  • Pedro Arauz

    Forget Pastran, he is a man who sold his souls to the devil…I mean Ortega.
    The numbers are all due to the price increase in commodities and the volume increase started in 1990 as soon as Ortega was defeated (so we thought) and the Nicas came enthusiastically to rebuild their Country from zero or minus fifty.
    It took me some 10 years to bring my coffee farm into production thanks to the fact Ortega was NOT there but now it should be the time for me to built the new processing equipment for the coffee mill, something I am definitely NOT doing. Are you crazy? The first thing I am doing with the extra money is taking it to Panama. Only a thieve, an ignorant or an imbecile would invest in Nicaragua with Ortega here.
    All the positive crap given by Pastran proves how they need create what’s not.

    • http://no Jose Arcia

      Nike, Adidas, Pellas group, Retired gringos, entrepreneurs setting up hotels and sustainable projects are all investing in Nicaragua. Foreign Direct Investment is increasing. That’s what is happening in Nicaragua. The investment climate is stable. This is confirmed by the world bank, IMF and other financial institutions based on facts.