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Who buys Nicaragua’s gold? Export destinations 2024

In 2024, Nicaragua exported $1.5 billion of gold (45 tonnes), 0.3% of the world total. Its main destinations were the United States (48%), Canada (33%) and Switzerland (17%). Nicaragua was the world’s 41st-largest exporter of gold.

Summary

Value
$1.5billion
Tonnes
45tonnes
Share of world total
0.3%
World rank
41st
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 5 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
United States713Tonnes: 12USD per tonne: $61,241,71447.8%Air
Canada485Tonnes: 7USD per tonne: $70,091,27532.5%Air
Switzerland249Tonnes: 21USD per tonne: $11,729,51516.7%Air
India34.1Tonnes: 5USD per tonne: $6,961,1972.3%Air
Italy9.5Tonnes: 0USD per tonne: $53,867,5250.64%Air

Trend

Who it sells to

The United States has been its main destination since 2015

Value in USD millions. The five largest destinations in 2024.

  • United States 713
  • Canada 485
  • Switzerland 249
  • India 34.1
  • Italy 9.5

Source: CEPII BACI

Show the numbers
Partner19952024
United States5.1713
Canada5485
Switzerland0249
India034.1
Italy09.5

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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