Nickel OreNickel ores and concentrates
2604 (Harmonized System 1992 for 4-digit)
2021 World Trade: $4.24B, Rnk 583 / 1217
2021 Top Exporter | Top Importer: $1.5B | $2.36B, Philippines | China
2021 Product Complexity: -1.66, Rnk 964 / 1024
2020 - 2021 Export Growth (CAGR): 13.6%, Rnk 894 / 1217
2018 Mean Tariff: 2.23%, Rnk 1222 / 1259
2021 Share of World Trade: 0.0002%, Rnk 583 / 1217
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 0.0002% 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).
Tariffs In 2018 the average tariff for Nickel Ore was 2.23%, making it the 1222nd lowest tariff using the HS4 product classification.
Ranking Nickel Ore ranks 964th in the Product Complexity Index (PCI).
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.
Trade By Country
Top Origin (2021): Philippines, $1.5B
Top Destination (2021): China, $2.36B
Nickel Ore are the world's 583rd most traded product.
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).
Trade by country
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).
Cumulative market share
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.
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).
In 2021, the world most traded Nickel Ore, disaggragated by their HS6 level were Nickel ores and concentrates ($4.24B)
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.
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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