In the first ten months of 2017, tobacco exports totaled $188 million, and the union of Nicaraguan producers estimates that by the end of the year they will have exceeded the annual goal of $218 million.
The $188 million generated from tobacco exports
between January and October of this year represents 85% of the goal set by the tobacco industry for this year.
The president of the Central Bank of Nicaragua
, Ovidio Reyes, told Elnuevodiario.com.ni that "...That is 85% of the goal that we had set for ourselves with the sector, which is worth $218 million at the end of 2017, we believe that it will easily be achieved. We talked to them about these expectations and possibly even surpassing them," said the leader."
See: "Investment in the tobacco industry
"... For his part, the president of the Chamber of Tobacco Producers of Nicaragua, Anielka Ortez, said that the country has become the main exporter of cigars in the region, mainly to the United States, which represents 85%. 'With the data we have from January to June of this year, we are practically in first place, even though the Dominican Republic is one of the strongest countries in terms of exports of Premium cigars'.
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