This article summarises trade and business links between India and Nicaragua: the value of bilateral trade, the main goods traded, the Indian companies and brands present in Nicaragua, and the cooperation on the regulation of medicines that the brief links to exports. Its source is the Ministry of External Affairs (MEA) bilateral brief on India and Nicaragua, dated June 2026.

Bilateral trade

According to the MEA brief of June 2026, total bilateral trade between India and Nicaragua was US$ 183 million in 2024-25. In the same year, exports from India were US$ 159.33 million and imports by India were US$ 23.98 million.

The brief gives trade figures for 2024-25 only.

Main goods traded

India's main exports to Nicaragua, as listed in the brief, include:

  • pharmaceuticals
  • cotton
  • automobiles and accessories
  • iron and steel
  • rubber and rubber products

India's main imports from Nicaragua consist of wood and wooden articles; nuclear reactors, boilers, machinery and appliances; and iron and steel.

The brief ends both lists with "etc.", so they should not be read as complete lists of the goods traded.

Indian companies and products in Nicaragua

The brief names several Indian companies and brands active in Nicaragua:

  • Praj Industries of Pune set up an ethanol production plant for Nicaragua Sugar Estates Limited a few years ago.
  • Bajaj Industries sells auto-taxis, locally called Mototaxi, and 3 wheelers every year under an agency arrangement.
  • TVS, Bajaj and Hero motorcycles and Mahindra Jeep are available through local distributors.
  • Pharmaceutical companies such as Hetero and Caplin Point are present in Nicaragua.

The brief also mentions Gravitas Nicaragua, a company operating in the recycling sector.

Pharmacopoeia cooperation

In February 2024, India and Nicaragua signed a Memorandum of Understanding (MoU) on Pharmacopoeia Cooperation in the regulation of medicines. According to the brief, Nicaragua became the first Spanish-speaking country to recognise the India Pharmacopoeia.

The brief states that the MoU will help improve access to affordable medicines, boost exports and reduce healthcare costs in Nicaragua.

Agreements and business mechanisms

The brief refers to agreements on Economic Cooperation and on Government to Government credit, which are listed in this guide's relations article. The Lines of Credit that India has extended to Nicaragua are covered in the development partnership article.

Businesses looking for current information on trade with Nicaragua can contact the Embassy of Nicaragua in New Delhi, whose details are given in this guide's practical article.