Nicaragua’s exports continue on the rise

Oct. 3, 2012 - PRLog -- The Center for Export Procedures (CETREX, for its acronym in Spanish) in Nicaragua, recently announced that between January and September, the country’s exports reached US$2,075.3 million in value and 1.35 million tons in volume, generating an increase of 16.7 percent and 13.7 respectively versus the same period in 2011.

Coffee continues to be the country’s main export product with US$420.5 million exported during the period, followed by gold with US$308.8 million, bovine meat with US$302.4 million and sugar with US$164.3 million. Nicaragua’s main export destinations were the U.S., followed by Venezuela and Canada.

As part of the Nicaragua’s continuous efforts in increasing its trade, the country’s EXPOAPEN conference, organized by the Association of Producers and Exporters of Nicaragua (APEN, for its acronym in Spanish), hosted over 70 international buyers, including direct representatives of supermarket chains and convenience stores in Central America, Europe, the U.S., the Caribbean and Asia.

According to Azucena Castillo, General Manager of APEN, as a result of the conference sales are estimated to reach US$26.4 million.

Sigrid Morales, Director of APEN’s Export Office, added that during the week various buyers will be visiting production plants and farms in order to define contracts, which in turn will continue to increase the volume in sales.

Morales also highlighted that the success of this year’s conference was due to non-traditional products including fruits such as pineapple, mango, jocote, and plantains, as well as grains and seeds such as beans, sesame, peanuts and cashew nuts and finished goods such as marmalade, cookies, dairy and ground coffee.