The Republic of Nicaragua is the largest country in Central America, with a population of six million. Its economy has expanded dramatically in the past several years, posting growth of between four and five percent annually. A formerly high inflation rate has been severely curtailed, and debt has been reduced. Its tremendous development potential makes it attractive to many exporters, who are now learning more about how to export from the US to Nicaragua.
Agriculture represents 17 percent of Nicaragua’s GDP, the highest percentage in Central America; together with textiles and clothing, this accounts for the majority of the country’s exports. Mining is becoming increasingly important to the nation’s economy. Managua, the country’s capital, is the third-largest city in Central America, and the economic center of the country. Its population is over two million, and it is home to many large national and international businesses.
Nicaragua’s primary trading partner is the US, which provides 25 percent of the country’s imports and receives about 60 percent of its exports. Roughly 25 wholly or partly owned subsidiaries of US companies operate in Nicaragua. It is well worth the while of entrepreneurs to explore export from the US to Nicaragua.
The determining factor here is, largely, the volume of your shipment. You’ll need FCL (a full container) if the your shipment is equal to at least six standard pallets-just over half the capacity of a 20-foot container, which takes a maximum of 10 standard pallets. A 40-foot container will accommodate 22 standard pallets.
Whatever the volume of your shipment, FCL is also your best option if you wish to avoid any possible damage risk that could be caused by your merchandise coming into contact with other exporters’ goods.
Otherwise, groupage-a shared container (LCL)-is for you. Sharing means paying only for the space you use, so it’s very cost-efficient. Consult iContainers for rates and other important details.
Port of Corinto
The Port of Corinto is Nicaragua’s largest Pacific port, and handles the majority of the country’s imports and exports. It is the port that is best-protected against the elements in Central America. It is equipped to handle a wide variety of cargo, including bulk and liquid, and has a large terminal.
Port of Managua
Inland transportation for both FCL and LCL can be arranged for ocean freight shipments heading to the inland port of Managua.
While air freight imposes some limitations on shipments in terms of volume and weight, it may, in some instances, be better for your shipping needs than ocean freight, especially if you are on a tight schedule. iContainers provides a calculator to help you determine whether this is the right option for you.