Scrap Nickel in United States | The Observatory of Economic Complexity

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 MAGICAL CRUISE COMPANY LIMITED (4) were at the forefront of shipping Scrap Nickel to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Scrap Nickel exports accounted up to $11.4M and imports accounted up to $31.3M, resulting in a negative trade balance of $19.8M. Between January 2023 and January 2024 the exports of United States' Scrap Nickel have decreased by $-293k (-2.5%) from $11.7M to $11.4M, while imports decreased by $-4.14M (-11.7%) from $35.4M to $31.3M.

Destinations In January 2024, Scrap Nickel were exported mostly to Canada ($5.68M), Japan ($4.63M), United Kingdom ($593k), Germany ($248k), and Singapore ($125k), and were imported mostly from United Kingdom ($8.65M), Canada ($5.84M), France ($3.68M), Mexico ($2.96M), and China ($2.6M).

Growth In January 2024, the decrease in Scrap Nickel's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-833k or -97.9%). In January 2024, the decrease in Scrap Nickel's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-1.19M or -14.1%), Japan ($-1.03M or -49.1%), and Germany ($-864k or -74.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-293k(-2.5%)

IMPORT GROWTH (January 2023 - January 2024)$-4.14M(-11.7%)

MAIN EXPORTER (January 2024)New York$3.92M

MAIN DESTINATION (January 2024)Canada$5.68M

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

Trade Value

Growth

Growth (%)

Year

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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