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2023
Exports $811MWorld Rnk 6 / 80
Flag Rnk 1 / 810
2023
Destination $145M Japan
2022 - 2023
FASTEST GROWING MARKET $145MSouth Korea
2023
PRODUCT COMPLEXITY IN Raw Nickel-0.34Rnk 650 / 1025
2023
Imports $1.43kWorld Rnk 110 / 119
Flag Rnk 1043 / 1110
2023
Origin $1.43k France
2022 - 2023
FASTEST GROWING ORIGIN $1.43kFrance
2023
ECONOMIC COMPLEXITY of Madagascar-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $811M 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 ($289M), South Korea ($253M), Chinese Taipei ($89M), Sweden ($36.6M), and Netherlands ($33.8M).

The fastest growing export markets for Raw Nickel of Madagascar between 2022 and 2023 were South Korea ($145M), Chinese Taipei ($48.8M), and Sweden ($29.8M).

Imports In 2023, Madagascar imported $1.43k in Raw Nickel, becoming the 110th largest importer of Raw Nickel in the world. At the same year, Raw Nickel was the 1043rd most imported product in Madagascar. Madagascar imports Raw Nickel primarily from: France ($1.43k).

The fastest growing import markets in Raw Nickel for Madagascar between N/A and 2023 were France ($1.43k).

Latest Trends

Dec 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 (2023)$811M
IMPORTS (2023)$1.43k
NET TRADE (2023)$811M

In 2023, Madagascar exported $811M in Raw Nickel. The main destinations of Madagascar exports on Raw Nickel were Japan ($289M), South Korea ($253M), Chinese Taipei ($89M), Sweden ($36.6M), and Netherlands ($33.8M).

In 2023, Madagascar imported $1.43k in Raw Nickel, mainly from France ($1.43k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Nickel EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
South Korea$145M (135%)
Chinese Taipei$48.8M (121%)
Sweden$29.8M (437%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Nickel BY Madagascar WERE (2022 - 2023):
China-$312M (-99.1%)
Japan-$71.5M (-19.8%)
Germany-$11.6M (-94.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Raw Nickel were:
Canada $2.42B
Australia $2.18B
Norway $2.13B
In 2023, Madagascar's main importing competitors in Raw Nickel were:
United States $2.39B
China $2.14B
Netherlands $1.74B

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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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