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Pricing

2022
Flag → Flag
Exports $24.4MRnk 24 / 148
2022
Flag → Flag
Top Product $11.9MProcessed Crustaceans
2022
Flag → Flag
Exports $7.63MRnk 146 / 198
2022
Flag → Flag
Top Product $2.42MMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC $2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Nicaragua-Hong Kong Trade: In 2022, Nicaragua exported $24.4M to Hong Kong. The main products that Nicaragua exported to Hong Kong were Processed Crustaceans ($11.9M), Ground Nut Oil ($6.76M), and Rolled Tobacco ($3.47M). Over the past 5 years the exports of Nicaragua to Hong Kong have increased at an annualized rate of 1.35%, from $22.8M in 2017 to $24.4M in 2022.

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

Hong Kong-Nicaragua Trade: In 2022, Hong Kong exported $7.63M to Nicaragua. The main products that Hong Kong exported to Nicaragua were Medical Instruments ($2.42M), Light Rubberized Knitted Fabric ($695k), and Pesticides ($331k). Over the past 5 years the exports of Hong Kong to Nicaragua have decreased at an annualized rate of 9.82%,  from $12.8M in 2017 to $7.63M in 2022.

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

Comparison: In 2022,  Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B). 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, Nicaragua exported $24.4M to Hong Kong. The main products exported from Nicaragua to Hong Kong were Processed Crustaceans ($11.9M), Ground Nut Oil ($6.76M), and Rolled Tobacco ($3.47M). During the last 5 years the exports of Nicaragua to Hong Kong have increased at an annualized rate of 1.35%, from $22.8M in 2017 to $24.4M in 2022.

In 2017, Hong Kong exported $7.63M to Nicaragua. The main products exported from Hong Kong to Nicaragua were Medical Instruments ($2.42M), Light Rubberized Knitted Fabric ($695k), and Pesticides ($331k). During the last 5 years the exports of Hong Kong to Nicaragua have decreased at an annualized rate of 9.82%, from $12.8M in 2022 to $7.63M in 2017.

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

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

Latest Data

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

Nicaragua Exports

Hong Kong Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Nicaragua than Hong Kong included Honduras ($541M), El Salvador ($437M), and United States ($4.09B).

In 2022, countries that imported more from Hong Kong than Nicaragua included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

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

Comparative Advantage Nicaragua - Hong Kong

Flow
Scale

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

During 2022, Nicaragua had a large net trade with Hong Kong in the exports of Foodstuffs ($15.4M), Animal and Vegetable Bi-Products ($6.76M), and Animal Products ($1.23M).

During 2017, Hong Kong had a large net trade with Nicaragua in the exports of Instruments ($2.69M), Textiles ($1.35M), and Machines ($822k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nicaragua Hong Kong+$1.83MRolled Tobacco
Top Product Potential Hong Kong Nicaragua+$643kTelephones

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 Nicaragua and Hong Kong. This means that a dot/product with the flag of Nicaragua 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 Nicaragua.

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

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