2022
Exports
$67.1MWorld Rnk 11 / 97
Flag Rnk 211 / 1208
2022
PRODUCT COMPLEXITY IN Nickel Bars
1.16Rnk 113 / 1025
2022
Imports
$5.59MWorld Rnk 41 / 170
Flag Rnk 911 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $67.1M in Nickel Bars, making it the 11th largest exporter of Nickel Bars in the world. At the same year, Nickel Bars was the 211th most exported product in Australia. The main destination of Nickel Bars exports from Australia are: United States ($49.2M), Singapore ($6.46M), China ($5.08M), United Kingdom ($4.19M), and United Arab Emirates ($771k).

The fastest growing export markets for Nickel Bars of Australia between 2021 and 2022 were United States ($15.3M), China ($3.47M), and Singapore ($2.04M).

Imports In 2022, Australia imported $5.59M in Nickel Bars, becoming the 41st largest importer of Nickel Bars in the world. At the same year, Nickel Bars was the 911th most imported product in Australia. Australia imports Nickel Bars primarily from: Singapore ($1.42M), United States ($1.03M), Germany ($841k), United Kingdom ($774k), and Switzerland ($363k).

The fastest growing import markets in Nickel Bars for Australia between 2021 and 2022 were Singapore ($1.29M), United Kingdom ($483k), and United States ($335k).

Latest Trends

Oct 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 Nickel Bars. 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 (2022)$67.1M
IMPORTS (2022)$5.59M
NET TRADE (2022)$61.5M

In 2022, Australia exported $67.1M in Nickel Bars. The main destinations of Australia exports on Nickel Bars were United States ($49.2M), Singapore ($6.46M), China ($5.08M), United Kingdom ($4.19M), and United Arab Emirates ($771k).

In 2022, Australia imported $5.59M in Nickel Bars, mainly from Singapore ($1.42M), United States ($1.03M), Germany ($841k), United Kingdom ($774k), and Switzerland ($363k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Bars EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$15.3M (45.2%)
China$3.47M (215%)
Singapore$2.04M (46.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Bars BY Australia WERE (2021 - 2022):
United Kingdom-$1.25M (-23%)
South Korea-$394k (-95.7%)
Chinese Taipei-$117k (-86.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Nickel Bars were:
In 2022, Australia's main importing competitors in Nickel Bars were:

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Trade Value of Nickel Bars by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $2.59M
TOP IMPORT POTENTIALUnited States+ $575k

Nickel Bars’s highest export potential is China. With an export gap of $2.59M.   Nickel Bars’s highest import potential is United States with an import gap of $575k.

See methodology.

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