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2023
Flag → Flag
Exports $54.5MRnk 56 / 159
2023
Flag → Flag
Top Product $28.4MPetroleum Gas
2023
Flag → Flag
Exports $94.3MRnk 54 / 198
2023
Flag → Flag
Top Product $23.4MOxygen Amino Compounds
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Nigeria-Hong Kong Trade: In 2023, Nigeria exported $54.5M to Hong Kong. The main products that Nigeria exported to Hong Kong were Petroleum Gas ($28.4M), Niobium, Tantalum, Vanadium and Zirconium Ore ($9.12M), and Other Hides and Skins ($7.85M). Over the past 5 years the exports of Nigeria to Hong Kong have decreased at an annualized rate of 0.3%, from $55.3M in 2018 to $54.5M in 2023.

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

Hong Kong-Nigeria Trade: In 2023, Hong Kong exported $94.3M to Nigeria. The main products that Hong Kong exported to Nigeria were Oxygen Amino Compounds ($23.4M), Other Edible Preparations ($12.2M), and Broadcasting Equipment ($8.16M). Over the past 5 years the exports of Hong Kong to Nigeria have decreased at an annualized rate of 4.01%,  from $116M in 2018 to $94.3M in 2023.

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

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). 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, Nigeria exported $54.5M to Hong Kong. The main products exported from Nigeria to Hong Kong were Petroleum Gas ($28.4M), Niobium, Tantalum, Vanadium and Zirconium Ore ($9.12M), and Other Hides and Skins ($7.85M). During the last 5 years the exports of Nigeria to Hong Kong have decreased at an annualized rate of 0.3%, from $55.3M in 2018 to $54.5M in 2023.

In 2018, Hong Kong exported $94.3M to Nigeria. The main products exported from Hong Kong to Nigeria were Oxygen Amino Compounds ($23.4M), Other Edible Preparations ($12.2M), and Broadcasting Equipment ($8.16M). During the last 5 years the exports of Hong Kong to Nigeria have decreased at an annualized rate of 4.01%, from $116M in 2023 to $94.3M in 2018.

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

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

Latest Data

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

Nigeria Exports

Hong Kong Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Hong Kong
Top DestinationChina$25.3B

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 2023, countries that imported more from Nigeria than Hong Kong included Spain ($5.76B), France ($4.76B), and United States ($6.29B).

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

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

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 2023, Nigeria had a large net trade with Hong Kong in the exports of Mineral Products ($37.6M), Animal Hides ($7.85M), and Machines ($3.8M).

During 2018, Hong Kong had a large net trade with Nigeria in the exports of Machines ($27.7M), Chemical Products ($26.2M), and Foodstuffs ($16.7M).

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) (2023)

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