Raw Nickel in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $405M in Raw Nickel, making it the 11th largest exporter of Raw Nickel in the world. At the same year, Raw Nickel was the 616th most exported product in China. The main destination of Raw Nickel exports from China are: Chinese Taipei ($150M), South Korea ($105M), India ($72.8M), Japan ($22.5M), and Singapore ($14.3M).

The fastest growing export markets for Raw Nickel of China between 2021 and 2022 were Chinese Taipei ($137M), South Korea ($84.1M), and India ($59.4M).

Imports In 2022, China imported $4.04B in Raw Nickel, becoming the 1st largest importer of Raw Nickel in the world. At the same year, Raw Nickel was the 87th most imported product in China. China imports Raw Nickel primarily from: Australia ($1.28B), Russia ($1.11B), Canada ($310M), Madagascar ($263M), and Singapore ($154M).

The fastest growing import markets in Raw Nickel for China between 2021 and 2022 were Russia ($222M), Canada ($67.7M), and South Korea ($26M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Raw Nickel from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Raw Nickel exports accounted up to $38.1M and imports accounted up to $98.8M, resulting in a negative trade balance of $60.7M. Between February 2023 and February 2024 the exports of China's Raw Nickel have decreased by $-124M (-76.6%) from $162M to $38.1M, while imports decreased by $-106M (-51.8%) from $205M to $98.8M.

Destinations In February 2024, Raw Nickel were exported mostly to South Korea ($22.5M), India ($11.3M), Netherlands ($1.99M), Taiwan ($1.09M), and Malaysia ($630k), and were imported mostly from Russia ($26.8M), Indonesia ($26.4M), United Kingdom ($19.8M), Norway ($9.85M), and Japan ($7.89M).

Growth In February 2024, the decrease in Raw Nickel's year-by-year exports was explained primarily by a decrease in exports to . In February 2024, the decrease in Raw Nickel's year-by-year imports was explained primarily by a decrease in imports from Australia ($-119M or -63%), Norway ($-47.5M or -78.3%), and Madagascar ($-35M or -76.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-124M(-76.6%)

IMPORT GROWTH (February 2023 - February 2024)$-106M(-51.8%)

MAIN EXPORTER (February 2024)Zhejiang Province$41.5M

MAIN DESTINATION (February 2024)South Korea$22.5M

This section shows Raw Nickel's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Raw Nickel over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$405M

IMPORTS (2022)$4.04B

NET TRADE (2022)-$3.63B

In 2022, China exported $405M in Raw Nickel. The main destinations of China exports on Raw Nickel were Chinese Taipei ($150M), South Korea ($105M), India ($72.8M), Japan ($22.5M), and Singapore ($14.3M).

In 2022, China imported $4.04B in Raw Nickel, mainly from Australia ($1.28B), Russia ($1.11B), Canada ($310M), Madagascar ($263M), and Singapore ($154M).

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