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Pricing

2022
Flag → Flag
Exports $33MRnk 56 / 166
2022
Flag → Flag
Top Product $12.2MScrap Aluminium
2022
Flag → Flag
Exports $207MRnk 43 / 198
2022
Flag → Flag
Top Product $78.1MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Nigeria-Hong Kong Trade: In 2022, Nigeria exported $33M to Hong Kong. The main products that Nigeria exported to Hong Kong were Scrap Aluminium ($12.2M), Raw Aluminium ($6.38M), and Niobium, Tantalum, Vanadium and Zirconium Ore ($6.06M). Over the past 5 years the exports of Nigeria to Hong Kong have decreased at an annualized rate of 13.4%, from $67.6M in 2017 to $33M in 2022.

In 2022, Nigeria did not export any services to Hong Kong.

Hong Kong-Nigeria Trade: In 2022, Hong Kong exported $207M to Nigeria. The main products that Hong Kong exported to Nigeria were Broadcasting Equipment ($78.1M), Calculators ($25.4M), and Oxygen Amino Compounds ($19.2M). Over the past 5 years the exports of Hong Kong to Nigeria have increased at an annualized rate of 3.17%,  from $177M in 2017 to $207M in 2022.

In 2022, Hong Kong did not export any services to Nigeria.

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $33M to Hong Kong. The main products exported from Nigeria to Hong Kong were Scrap Aluminium ($12.2M), Raw Aluminium ($6.38M), and Niobium, Tantalum, Vanadium and Zirconium Ore ($6.06M). During the last 5 years the exports of Nigeria to Hong Kong have decreased at an annualized rate of 13.4%, from $67.6M in 2017 to $33M in 2022.

In 2017, Hong Kong exported $207M to Nigeria. The main products exported from Hong Kong to Nigeria were Broadcasting Equipment ($78.1M), Calculators ($25.4M), and Oxygen Amino Compounds ($19.2M). During the last 5 years the exports of Hong Kong to Nigeria have increased at an annualized rate of 3.17%, from $177M in 2022 to $207M in 2017.

Exports from Nigeria (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Hong Kong (Flag)

Nigeria Exports

Hong Kong Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Hong Kong
Top DestinationChina$23.4B

This map shows whether countries import more from Nigeria or Hong Kong. Each country is colored based on the difference in imports they receive from Nigeria and Hong Kong or the difference in the growth in imports.

In 2022, countries that imported more from Nigeria than Hong Kong included Spain ($9.41B), France ($4.95B), and Cote d'Ivoire ($1.97B).

In 2022, countries that imported more from Hong Kong than Nigeria included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Hong Kong

Flow
Scale

This chart compares trade between Nigeria and Hong Kong by product, considering products traded by both, Nigeria and Hong Kong.

During 2022, Nigeria had a large net trade with Hong Kong in the exports of Metals ($18.7M), Mineral Products ($6.09M), and Machines ($4.31M).

During 2017, Hong Kong had a large net trade with Nigeria in the exports of Machines ($135M), Chemical Products ($24.5M), and Transportation ($14.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Hong Kong+$4.44MTelephones
Top Product Potential Hong Kong Nigeria+$43.2MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Nigeria and Hong Kong. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and Hong Kong (Flag) (2022)

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