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282540 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.61BRnk 1619 / 4644
2023
Top Exporter | Top Importer $1.16B | $1.11BChina | South Korea
2023
Product Complexity 0.048Rnk 2481 / 4656
2022 - 2023
Export Growth (CAGR) 139%Rnk 19 / 4644
2023
Share of World Trade 0.0071%Rnk 1619 / 4644

About

Overview This page contains the latest trade data of Nickel oxides and hydroxides. In 2023, Nickel oxides and hydroxides were the world's 1619th most traded product, with a total trade of $1.61B. Between 2022 and 2023 the exports of Nickel oxides and hydroxides grew by 139%, from $673M to $1.61B. Trade in Nickel oxides and hydroxides represent 0.0071% of total world trade.

Nickel oxides and hydroxides are a part of Inorganic Salts.

Exports In 2023 the top exporters of Nickel oxides and hydroxides  were China ($1.16B), Australia ($317M), Japan ($48.1M), Philippines ($13.9M), and Netherlands ($10.4M).

Imports In 2023 the top importers of Nickel oxides and hydroxides were South Korea ($1.11B), China ($312M), United States ($58.5M), India ($41.3M), and Singapore ($10.8M).

Ranking Nickel oxides and hydroxides ranks 2481st in the Product Complexity Index (PCI).

Description Nickel oxide and hydroxide are used in the production of stainless steel and nickel-cadmium batteries, respectively.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Nickel oxides and hydroxides. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$1.16B
Top Destination (2023)South Korea$1.11B

In 2023 Nickel oxides and hydroxides were the world's 1619th most traded product (out of 4,644).

In 2023, the top exporters of Nickel oxides and hydroxides were China ($1.16B), Australia ($317M), Japan ($48.1M), Philippines ($13.9M), and Netherlands ($10.4M).

In 2023, the top importers of Nickel oxides and hydroxides were South Korea ($1.11B), China ($312M), United States ($58.5M), India ($41.3M), and Singapore ($10.8M).

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Exporters of Nickel oxides and hydroxides (2023)
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Importers of Nickel oxides and hydroxides (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$1.09B
Top Destination Growth (2022 -  2023)South Korea$1.11B

Between 2022 and 2023, the exports of Nickel oxides and hydroxides grew the fastest in China ($1.09B), United States ($5.51M), Sweden ($3.34M), South Korea ($2.86M), and Indonesia ($1.1M).

Between 2022 and 2023, the fastest growing importers of Nickel oxides and hydroxides were South Korea ($1.11B), Singapore ($10.4M), Norway ($1.66M), Thailand ($1.63M), and Venezuela ($1.1M).

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Exporters of Nickel oxides and hydroxides (2022 - 2023)

Importers of Nickel oxides and hydroxides (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nickel oxides and hydroxides.

In 2023, market concentration measured using Shannon Entropy, was 1.35. This means that most of the exports of Nickel oxides and hydroxides are explained by 2 countries.

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Value of Exports in Nickel oxides and hydroxides

Net Trade

TOP NET EXPORTER (2023)China$852M
TOP NET IMPORTER (2023)South Korea$1.1B

This map shows which countries export or import more of Nickel oxides and hydroxides. Each country is colored based on the difference in exports and imports of Nickel oxides and hydroxides during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Nickel oxides and hydroxides were China ($852M), Australia ($316M), Japan ($43.6M), Philippines ($13.7M), and Netherlands ($8.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Nickel oxides and hydroxides were South Korea ($1.1B), United States ($51.6M), India ($40.9M), Singapore ($9.04M), and France ($8.39M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Nickel oxides and hydroxides 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 (2023)

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