Nickel ores and concentrates

2604 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Nickel Ore. In 2021, Nickel Ore were the world's 583rd most traded product, with a total trade of $4.24B. Between 2020 and 2021 the exports of Nickel Ore grew by 13.6%, from $3.73B to $4.24B. Trade in Nickel Ore represent 0.02% of total world trade.

Nickel Ore are a part of Ores, slag and ash. They include Nickel ores and concentrates.

Exports In 2021 the top exporters of Nickel Ore  were Philippines ($1.5B), New Caledonia ($734M), Russia ($314M), Finland ($277M), and United States ($243M).

Imports In 2021 the top importers of Nickel Ore were China ($2.36B), Canada ($403M), Switzerland ($369M), South Korea ($314M), and Japan ($257M).

Ranking Nickel Ore ranks 964th in the Product Complexity Index (PCI).

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Nickel Ore. 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.

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Historical Data

Exporters and Importers

Top Origin (2021)Philippines$1.5B
Top Destination (2021)China$2.36B

In 2021 Nickel Ore were the world's 583rd most traded product (out of 1,217).

In 2021, the top exporters of Nickel Ore were Philippines ($1.5B), New Caledonia ($734M), Russia ($314M), Finland ($277M), and United States ($243M).

In 2021, the top importers of Nickel Ore were China ($2.36B), Canada ($403M), Switzerland ($369M), South Korea ($314M), and Japan ($257M).

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Exporters of Nickel Ore (2021)
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Importers of Nickel Ore (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Russia$227M
Top Destination Growth (2020 -  2021)Switzerland$263M

Between 2020 and 2021, the exports of Nickel Ore grew the fastest in Russia ($227M), New Caledonia ($188M), Philippines ($163M), Brazil ($142M), and Finland ($110M).

Between 2020 and 2021, the fastest growing importers of Nickel Ore were Switzerland ($263M), Canada ($163M), South Korea ($122M), Japan ($95.2M), and Finland ($44.5M).

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Exporters of Nickel Ore (2020 - 2021)

Importers of Nickel Ore (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nickel Ore.

In 2021, market concentration measured using Shannon Entropy, was 3.2. This means that most of the exports of Nickel Ore are explained by 9 countries.

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Value of Exports in Nickel Ore

Net Trade

TOP NET EXPORTER (2021)Philippines$1.5B
TOP NET IMPORTER (2021)China$2.36B

This map shows which countries export or import more of Nickel Ore. Each country is colored based on the difference in exports and imports of Nickel Ore during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Nickel Ore were Philippines ($1.5B), New Caledonia ($734M), Russia ($314M), United States ($243M), and Brazil ($235M).

In 2021, the countries that had a largest trade value in imports than in exports of Nickel Ore were China ($2.36B), South Korea ($313M), Canada ($282M), Switzerland ($268M), and Japan ($257M).

Net Trade (2021)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Nickel Ore.
It is possible to select the main countries that export or import Nickel Ore in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Nickel Ore by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2021)

Country by Relatedness

The following visualization shows the relatedness of Nickel Ore to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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