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2022
Exports $929MWorld Rnk 6 / 81
Flag Rnk 1 / 803
falsefalse Japan
2021 - 2022
FASTEST GROWING MARKETfalseJapan
2022
PRODUCT COMPLEXITY IN Raw Nickel-0.24Rnk 629 / 1025
2022
Imports $3.39kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Madagascar-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $929M in Raw Nickel, making it the 6th largest exporter of Raw Nickel in the world. At the same year, Raw Nickel was the 1st most exported product in Madagascar. The main destination of Raw Nickel exports from Madagascar are: Japan ($374M), China ($263M), South Korea ($140M), Chinese Taipei ($56.2M), and United States ($30.6M).

The fastest growing export markets for Raw Nickel of Madagascar between 2021 and 2022 were Japan ($185M), South Korea ($133M), and United States ($30.6M).

Imports In 2021, Madagascar imported $3.39k in Raw Nickel, becoming the 0th largest importer of Raw Nickel in the world. At the same year, Raw Nickel was the 0th most imported product in Madagascar. Madagascar imports Raw Nickel primarily from: N/A.

Latest Trends

Aug 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 (2022)$929M
IMPORTS (2021)$3.39k
NET TRADE (2022)$929M

In 2022, Madagascar exported $929M in Raw Nickel. The main destinations of Madagascar exports on Raw Nickel were Japan ($374M), China ($263M), South Korea ($140M), Chinese Taipei ($56.2M), and United States ($30.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Nickel EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
Japan$185M (98.5%)
South Korea$133M (2.01k%)
United States$30.6M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Nickel BY Madagascar WERE (2021 - 2022):
Czechia-$1.6M (-100%)
Canada-$2 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Raw Nickel were:
Australia $3.19B
Canada $2.78B
Russia $2.74B
In 2022, Madagascar's main importing competitors in Raw Nickel were:
China $4.04B
United States $2.45B
Netherlands $2.21B

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Trade Value of Raw Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $45.6M
TOP IMPORT POTENTIALRussia+ $427

Raw Nickel’s highest export potential is China. With an export gap of $45.6M.   Raw Nickel’s highest import potential is Russia with an import gap of $427.

See methodology.

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