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2022
Exports $130MWorld Rnk 2 / 97
Flag Rnk 688 / 1217
2022
Destination $27.5M Canada
2021 - 2022
FASTEST GROWING MARKET $27.5MCanada
2022
PRODUCT COMPLEXITY IN Scrap Nickel-0.18Rnk 609 / 1025
2022
Imports $399MWorld Rnk 1 / 77
Flag Rnk 604 / 1216
2022
Origin $62M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $62MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $130M in Scrap Nickel, making it the 2nd largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 688th most exported product in United States. The main destination of Scrap Nickel exports from United States are: Canada ($58.8M), Japan ($31.5M), United Kingdom ($14M), Sweden ($8.56M), and Chinese Taipei ($3.9M).

The fastest growing export markets for Scrap Nickel of United States between 2021 and 2022 were Canada ($27.5M), Japan ($14.2M), and United Kingdom ($7.21M).

Imports In 2022, United States imported $399M in Scrap Nickel, becoming the 1st largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 604th most imported product in United States. United States imports Scrap Nickel primarily from: United Kingdom ($117M), Canada ($54.8M), Russia ($45.6M), Mexico ($32.8M), and Germany ($22.8M).

The fastest growing import markets in Scrap Nickel for United States between 2021 and 2022 were United Kingdom ($62M), Canada ($24.1M), and Mexico ($18.4M).

COMPANIES In 2023, leading companies such as Disney Cruise Line (1) were at the forefront of shipping Scrap Nickel to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Scrap Nickel exports accounted up to $12.2M and imports accounted up to $42M, resulting in a negative trade balance of $29.8M. Between August 2023 and August 2024 the exports of United States'   Scrap Nickel have decreased by $-2.27M (-15.7%) from $14.5M to $12.2M, while imports increased by $5.51M (15.1%) from $36.5M to $42M.

Destinations In August 2024, Scrap Nickel were exported mostly to Canada ($6.78M), Japan ($1.44M), United Kingdom ($632k), India ($602k), and Germany ($556k), and were imported mostly from United Kingdom ($12.2M), Canada ($5.07M), Mexico ($4.07M), Germany ($3.17M), and France ($2.87M).

Growth In August 2024, the decrease in Scrap Nickel's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-833k or -97.9%). In August 2024, the increase in Scrap Nickel's year-by-year imports was explained primarily by an increase in imports from Canada ($3.65M or 120%), Singapore ($3.54M or 348%), and Russia ($2.27M or 183%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-2.27M(-15.7%)
IMPORT GROWTH (August 2023 - August 2024)$5.51M(15.1%)
MAIN EXPORTER (August 2024)Nevada$4.89M
MAIN DESTINATION (August 2024)Canada$6.78M

This section shows Scrap Nickel's exports and imports data at subnational level for United States. 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 Scrap Nickel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$130M
IMPORTS (2022)$399M
NET TRADE (2022)-$269M

In 2022, United States exported $130M in Scrap Nickel. The main destinations of United States exports on Scrap Nickel were Canada ($58.8M), Japan ($31.5M), United Kingdom ($14M), Sweden ($8.56M), and Chinese Taipei ($3.9M).

In 2022, United States imported $399M in Scrap Nickel, mainly from United Kingdom ($117M), Canada ($54.8M), Russia ($45.6M), Mexico ($32.8M), and Germany ($22.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$27.5M (87.9%)
Japan$14.2M (82%)
United Kingdom$7.21M (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY United States WERE (2021 - 2022):
Netherlands-$1.2M (-56.4%)
France-$816k (-71%)
Australia-$557k (-17%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Scrap Nickel were:
United Kingdom $218M
Germany $114M
In 2022, United States's main importing competitors in Scrap Nickel were:
Japan $196M
United Kingdom $181M

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.78M
TOP IMPORT POTENTIALCanada+ $8.69M

Scrap Nickel’s highest export potential is Germany. With an export gap of $1.78M.   Scrap Nickel’s highest import potential is Canada with an import gap of $8.69M.

See methodology.

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