Nickel BarsNickel; bars, rods, profiles and wire
7505 (Harmonized System 1992 for 4-digit)
2021 World Trade: $2.6B, Rnk 698 / 1217
2021 Top Exporter | Top Importer: $645M | $354M, United States | Germany
2021 Product Complexity: 1.14, Rnk 115 / 1024
2020 - 2021 Export Growth (CAGR): -9.77%, Rnk 1182 / 1217
2018 Mean Tariff: 3.92%, Rnk 1029 / 1259
2021 Share of World Trade: 0.012%, Rnk 698 / 1217
Overview This page contains the latest trade data of Nickel Bars. In 2021, Nickel Bars were the world's 698th most traded product, with a total trade of $2.6B. Between 2020 and 2021 the exports of Nickel Bars decreased by -9.77%, from $2.88B to $2.6B. Trade in Nickel Bars represent 0.012% of total world trade.
Nickel Bars are a part of Nickel articles. They include Bars, rods and profiles, nickel alloy, Wire, nickel alloy, Bars, rods and profiles, nickel, not alloyed, and Wire, nickel, not alloyed.
Exports In 2021 the top exporters of Nickel Bars were United States ($645M), Germany ($383M), France ($292M), Austria ($286M), and United Kingdom ($155M).
Imports In 2021 the top importers of Nickel Bars were Germany ($354M), United States ($343M), China ($290M), United Kingdom ($172M), and Mexico ($158M).
Tariffs In 2018 the average tariff for Nickel Bars was 3.92%, making it the 1029th lowest tariff using the HS4 product classification.
Ranking Nickel Bars ranks 115th in the Product Complexity Index (PCI).
Description Nickel is used in the production of stainless steel, and is also used to make other metals. Nickel can be found in the form of wire, bars, rods, and profiles.
The following visualization shows the latest trends on Nickel Bars. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): United States, $645M
Top Destination (2021): Germany, $354M
Nickel Bars are the world's 698th most traded product.
In 2021, the top exporters of Nickel Bars were United States ($645M), Germany ($383M), France ($292M), Austria ($286M), and United Kingdom ($155M).
In 2021, the top importers of Nickel Bars were Germany ($354M), United States ($343M), China ($290M), United Kingdom ($172M), and Mexico ($158M).
Trade by country
Between 2020 and 2021, the exports of Nickel Bars grew the fastest in India ($18.8M), China ($18M), Sweden ($14.2M), Brazil ($11M), and Russia ($5.55M).
Between 2020 and 2021, the fastest growing importers of Nickel Bars were China ($35M), India ($20.9M), Poland ($14.9M), Austria ($13.9M), and Russia ($5.65M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Nickel Bars.
In 2021, market concentration measured using Shannon Entropy, was 3.73. This means that most of the exports of Nickel Bars are explained by 13 countries.
TOP NET EXPORTER (2021): United States, $302M
TOP NET IMPORTER (2021): China, $192M
This map shows which countries export or import more of Nickel Bars. Each country is colored based on the difference in exports and imports of Nickel Bars during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Nickel Bars were United States ($302M), Austria ($227M), France ($167M), Sweden ($57.3M), and Australia ($44.3M).
In 2021, the countries that had a largest trade value in imports than in exports of Nickel Bars were China ($192M), Mexico ($140M), India ($58.2M), South Korea ($49.1M), and Singapore ($48.4M).
In 2021, the world most traded Nickel Bars, disaggragated by their HS6 level were Bars, rods and profiles, nickel alloy ($1.46B), Wire, nickel alloy ($1.02B), Wire, nickel, not alloyed ($75.6M), and Bars, rods and profiles, nickel, not... ($45.6M)
This visualization shows the countries that have an important ratio of their trade related to Nickel Bars. It is possible to select the main countries that export or import Nickel Bars in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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