| 

China's fabric exports to Nicaragua declining, $18 mn in Q1 2023

Recently, the trade ministers of China and Nicaragua announced that their countries had essentially completed their free trade agreement (FTA) negotiations. Due to its proximity to the United States, Nicaragua relies more heavily on the neighbouring country for imports. 

Exports from China to Nicaragua peaked at $**.*** million in the second quarter of last year but plummeted to $**.*** million in the third quarter. They were recorded at $**.*** million in the fourth quarter of ****. The shipments, valued at $**.*** million, continued into the first five months of this year, according to the *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">market insight tool TexPro from Fibre2Fashion.