- July 10, 2014
-- Nicaragua has been found to be a proficient manufacturer of a wide variety of footwear ranging from leather loafers and high heels, synthetic sandals, and rubber boots.
However, the country is also ready to manufacture all types of shoes with leather uppers (casual or fashion), a great variety of functional boots for industrial protection or outdoor activities, shoes and sandals made from different kinds of synthetic materials, and basic components and accessories to complete the value chain.
Some of the factors that have drawn attention to the country include its strategic location in the center of the Americas with access to both oceans, preferential access to key international markets, one of the most competitive cost structures in the region, generous investment incentives, and high levels of personal safety. The country has also become an attractive platform for export-oriented companies that require labor-intensive operations.
Nicaragua reached its highest historical figure in terms of footwear exports in 2012 with the amount of US$37.5 million, considering both the traditional fiscal regime and the special free zone regime. Currently, the main export destinations are the United States, Costa Rica and Panama.