2023
Exports
$4.17MWorld Rnk 40 / 80
Flag Rnk 639 / 1181
2023
PRODUCT COMPLEXITY IN Raw Nickel
-0.34Rnk 650 / 1025
2023
Imports
$25.7MWorld Rnk 32 / 119
Flag Rnk 493 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $4.17M in Raw Nickel, making it the 40th largest exporter of Raw Nickel in the world. At the same year, Raw Nickel was the 639th most exported product in Hong Kong. The main destination of Raw Nickel exports from Hong Kong are: Vietnam ($941k), South Korea ($508k), Indonesia ($490k), China ($432k), and Malaysia ($417k).

The fastest growing export markets for Raw Nickel of Hong Kong between 2022 and 2023 were South Korea ($508k), Thailand ($267k), and Philippines ($227k).

Imports In 2023, Hong Kong imported $25.7M in Raw Nickel, becoming the 32nd largest importer of Raw Nickel in the world. At the same year, Raw Nickel was the 493rd most imported product in Hong Kong. Hong Kong imports Raw Nickel primarily from: Costa Rica ($10.8M), Norway ($4.55M), Belgium ($2.11M), United Kingdom ($2.1M), and Japan ($2.1M).

The fastest growing import markets in Raw Nickel for Hong Kong between 2022 and 2023 were Costa Rica ($10.8M), United Kingdom ($2.1M), and Belgium ($1.44M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Raw Nickel. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.17M
IMPORTS (2023)$25.7M
NET TRADE (2023)-$21.5M

In 2023, Hong Kong exported $4.17M in Raw Nickel. The main destinations of Hong Kong exports on Raw Nickel were Vietnam ($941k), South Korea ($508k), Indonesia ($490k), China ($432k), and Malaysia ($417k).

In 2023, Hong Kong imported $25.7M in Raw Nickel, mainly from Costa Rica ($10.8M), Norway ($4.55M), Belgium ($2.11M), United Kingdom ($2.1M), and Japan ($2.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Nickel EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
South Korea$508k (1%)
Thailand$267k (96k%)
Philippines$227k (1.85k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Nickel BY Hong Kong WERE (2022 - 2023):
China-$5.58M (-92.8%)
Belgium-$5.21M (-100%)
Singapore-$420k (-56.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Raw Nickel were:
Canada $2.42B
Norway $2.13B
In 2023, Hong Kong's main importing competitors in Raw Nickel were:

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Trade Value of Raw Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.54M
TOP IMPORT POTENTIALChina+ $1.14M

Raw Nickel’s highest export potential is China. With an export gap of $6.54M.   Raw Nickel’s highest import potential is China with an import gap of $1.14M.

See methodology.

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