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Pricing

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

About

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.

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 8.59%,  from $67.6M in 2017 to $33M in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $207M in 2022.

In 2017, 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 8.59%, from $67.6M in 2022 to $33M in 2017.

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

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

Latest Data

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

Hong Kong Exports

Nigeria Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Hong Kong - Nigeria

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Nigeria in the exports of Machines ($135M), Chemical Products ($24.5M), and Transportation ($14.5M).

During 2017, Nigeria had a large net trade with Hong Kong in the exports of Metals ($18.7M), Mineral Products ($6.09M), and Machines ($4.31M).

Potential Exports

Potential Exports

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

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 Hong Kong and Nigeria. This means that a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Hong Kong.

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

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