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2023
Flag → Flag
Exports $27.7MRnk 21 / 149
2023
Flag → Flag
Top Product $15.7MProcessed Crustaceans
2023
Flag → Flag
Exports $8.36MRnk 142 / 198
2023
Flag → Flag
Top Product $1.06MCalculators
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $2,613CURRENT US$
Rnk 145 / 195
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Nicaragua-Hong Kong Trade: In 2023, Nicaragua exported $27.7M to Hong Kong. The main products that Nicaragua exported to Hong Kong were Processed Crustaceans ($15.7M), Rolled Tobacco ($5.25M), and Ground Nut Oil ($3.75M). Over the past 5 years the exports of Nicaragua to Hong Kong have decreased at an annualized rate of 2.38%, from $31.2M in 2018 to $27.7M in 2023.

In 2023, Nicaragua did not export any services to Hong Kong.

Hong Kong-Nicaragua Trade: In 2023, Hong Kong exported $8.36M to Nicaragua. The main products that Hong Kong exported to Nicaragua were Calculators ($1.06M), Knit Sweaters ($952k), and Newsprint ($815k). Over the past 5 years the exports of Hong Kong to Nicaragua have decreased at an annualized rate of 12.5%,  from $16.3M in 2018 to $8.36M in 2023.

In 2023, Hong Kong did not export any services to Nicaragua.

Comparison: In 2023,  Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nicaragua exported $27.7M to Hong Kong. The main products exported from Nicaragua to Hong Kong were Processed Crustaceans ($15.7M), Rolled Tobacco ($5.25M), and Ground Nut Oil ($3.75M). During the last 5 years the exports of Nicaragua to Hong Kong have decreased at an annualized rate of 2.38%, from $31.2M in 2018 to $27.7M in 2023.

In 2018, Hong Kong exported $8.36M to Nicaragua. The main products exported from Hong Kong to Nicaragua were Calculators ($1.06M), Knit Sweaters ($952k), and Newsprint ($815k). During the last 5 years the exports of Hong Kong to Nicaragua have decreased at an annualized rate of 12.5%, from $16.3M in 2023 to $8.36M in 2018.

Exports from Nicaragua (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Nicaragua (Flag) (2023)

Latest Data

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

Nicaragua Exports

Hong Kong Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.38B
Hong Kong
Top DestinationChina$25.3B

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 2023, countries that imported more from Nicaragua than Hong Kong included United States ($4.38B), El Salvador ($488M), and Honduras ($297M).

In 2023, countries that imported more from Hong Kong than Nicaragua included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Nicaragua (Flag) (2023)

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 2023, Nicaragua had a large net trade with Hong Kong in the exports of Foodstuffs ($20.9M), Animal and Vegetable Bi-Products ($3.75M), and Animal Products ($1.75M).

During 2018, Hong Kong had a large net trade with Nicaragua in the exports of Machines ($2.06M), Paper Goods ($1.71M), and Textiles ($1.56M).

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) (2023)

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