Nickel ores and concentrates260400 (Harmonized System 1992 for 6-digit)
2020 World Trade: $3.69B, Rnk 787 / 4613
2020 Top Exporter | Top Importer: $1.34B | $2.35B, Philippines | China
2020 Product Complexity: -1.46, Rnk 4362 / 4783
2019 - 2020 Export Growth (CAGR): -0.22%, Rnk 1229 / 4613
2018 Mean Tariff: 2.23%, Rnk 6195 / 6538
2020 Share of World Trade: 0.022%, Rnk 787 / 4613
Overview This page contains the latest trade data of Nickel ores and concentrates. In 2020, Nickel ores and concentrates were the world's 787th most traded product, with a total trade of $3.69B. Between 2019 and 2020 the exports of Nickel ores and concentrates decreased by -0.22%, from $3.7B to $3.69B. Trade in Nickel ores and concentrates represent 0.022% of total world trade.
Nickel ores and concentrates are a part of Nickel Ore.
Exports In 2020 the top exporters of Nickel ores and concentrates were Philippines ($1.34B), New Caledonia ($538M), Australia ($308M), Zimbabwe ($252M), and Indonesia ($203M).
Imports In 2020 the top importers of Nickel ores and concentrates were China ($2.35B), Canada ($240M), Finland ($200M), South Korea ($192M), and South Africa ($177M).
Tariffs In 2018 the average tariff for Nickel ores and concentrates was 2.23%, making it the 6195th lowest tariff using the HS6 product classification.
Ranking Nickel ores and concentrates ranks 4362nd in the Product Complexity Index (PCI).
Description Nickel ores and concentrates are used in the production of stainless steel, heat-resistant steel, and other alloys. It is also a component in the manufacture of nickel-cadmium batteries.
The following visualization shows the latest trends on Nickel ores and concentrates. 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 (2020): Philippines, $1.34B
Top Destination (2020): China, $2.35B
Nickel ores and concentrates are the world's 787th most traded product.
In 2020, the top exporters of Nickel ores and concentrates were Philippines ($1.34B), New Caledonia ($538M), Australia ($308M), Zimbabwe ($252M), and Indonesia ($203M).
In 2020, the top importers of Nickel ores and concentrates were China ($2.35B), Canada ($240M), Finland ($200M), South Korea ($192M), and South Africa ($177M).
Trade by country
Top Origin Growth (2019 - 2020): Philippines, $686M
Top Destination Growth (2019 - 2020): Canada, $184M
Between 2019 and 2020, the exports of Nickel ores and concentrates grew the fastest in Philippines ($686M), Brazil ($93.8M), New Caledonia ($86.3M), Russia ($67.8M), and Zambia ($42.9M).
Between 2019 and 2020, the fastest growing importers of Nickel ores and concentrates were Canada ($184M), Switzerland ($92M), Mozambique ($43.8M), South Africa ($10.2M), and Ukraine ($10M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Nickel ores and concentrates.
In 2020, market concentration measured using Shannon Entropy, was 3.21. This means that most of the exports of Nickel ores and concentrates are explained by 9 countries.
TOP NET EXPORTER (2020): Philippines, $1.34B
TOP NET IMPORTER (2020): China, $2.34B
This map shows which countries export or import more of Nickel ores and concentrates. Each country is colored based on the difference in exports and imports of Nickel ores and concentrates during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Nickel ores and concentrates were Philippines ($1.34B), New Caledonia ($538M), Australia ($295M), Zimbabwe ($252M), and Indonesia ($203M).
In 2020, the countries that had a largest trade value in imports than in exports of Nickel ores and concentrates were China ($2.34B), South Korea ($190M), Japan ($161M), South Africa ($119M), and Switzerland ($90.7M).
This visualization shows the countries that have an important ratio of their trade related to Nickel ores and concentrates. It is possible to select the main countries that export or import Nickel ores and concentrates 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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