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Latin America Investment News on Viva Tropical

Nicaraguan Export Boom Continues in 2012

Article Summary:

Nicaragua’s export sector continues to ride the wave of good fortune, with the value of its exports for the first quarter reaching $703 million, an increase of 6.7% over the same period in 2011.

Original Article Text From Prensa Nicaragua via Google Translate :

Increase in Exports

The value of exports of Nicaragua in the first quarter was 703 million, an increase of 6.7% over the same period of 2011, said the government’s Center for Exports (Cetrex) .

Foreign sales between January and March of this year totaled $ 703 million, while in the first three months of 2011 totaled $ 659 million, explained the Cetrex in its preliminary report monthly.

The entity reported also a decrease of 1.87% in the volume of exports during the first quarter of 2012 over the same period last year.

The volume of exports between January and March of this year totaled 517 metric tons, while in the same period in 2011 was 527 metric tons, the source said.

According to figures from Cetrex, the pace of Nicaraguan exports decreased enses in March, after the first two months of the year registered an increase of 16.7%.

Furthermore, the organization said that, until March, the United States continued as the main destination of exports from Nicaragua, with 215 million dollars, followed by Venezuela (88.7 million) and Canada 79500000).

Combined the three countries buy more than half of all Nicaraguan products enses he said. The Cetrex noted that coffee-type gold continues as the main export product of Nicaragua (144.2 million), followed by beef (115 million) and raw gold (99 million).

Foreign sales of Nicaragua in 2011 totaled 2.264 million dollars, 19.1% more than recorded in 2010, when it reached 1,901.5 billion, representing a record in the history of this country, according to official figures .

The Government of Nicaragua for 2012 projected economic growth of 3.5% to 4% and annual inflation of between 8% and 9%.

Nicaragua ended 2011 with an inflation of 7.95%, the highest in Central America, according to official figures, an increase of 4.7% of gross domestic product (GDP).

Link to Original Article:

From Prensa Nicaragua

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