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Pricing

Nickel; plates, sheets, strip and foil

7506 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.36BRnk 731 / 1217
2023
Top Exporter | Top Importer $668M | $477MUnited States | China
2023
Product Complexity 1.34Rnk 78 / 1044
2022 - 2023
Export Growth (CAGR) 12.1%Rnk 129 / 1217
2023
Share of World Trade 0.01%Rnk 731 / 1217

About

Overview This page contains the latest trade data of Nickel Sheets. In 2023, Nickel Sheets were the world's 731st most traded product, with a total trade of $2.36B. Between 2022 and 2023 the exports of Nickel Sheets grew by 12.1%, from $2.1B to $2.36B. Trade in Nickel Sheets represent 0.01% of total world trade.

Nickel Sheets are a part of Nickel articles. They include Plates, sheet, strip and foil, nickel alloy and Plates, sheet, strip and foil, nickel, not alloyed.

Exports In 2023 the top exporters of Nickel Sheets  were United States ($668M), Germany ($581M), Japan ($459M), France ($139M), and China ($111M).

Imports In 2023 the top importers of Nickel Sheets were China ($477M), United States ($197M), Italy ($189M), India ($169M), and Germany ($165M).

Ranking Nickel Sheets ranks 78th in the Product Complexity Index (PCI).

Description Nickel is used in the production of stainless steel, which is a type of metal that does not rust. Stainless steel is used to make kitchen appliances, utensils, and other products.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nickel Sheets. 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)United States$668M
Top Destination (2023)China$477M

In 2023 Nickel Sheets were the world's 731st most traded product (out of 1,217).

In 2023, the top exporters of Nickel Sheets were United States ($668M), Germany ($581M), Japan ($459M), France ($139M), and China ($111M).

In 2023, the top importers of Nickel Sheets were China ($477M), United States ($197M), Italy ($189M), India ($169M), and Germany ($165M).

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Exporters of Nickel Sheets (2023)
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Importers of Nickel Sheets (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$128M
Top Destination Growth (2022 -  2023)China$123M

Between 2022 and 2023, the exports of Nickel Sheets grew the fastest in Japan ($128M), United States ($108M), France ($51.9M), Sweden ($33.4M), and Spain ($32.6M).

Between 2022 and 2023, the fastest growing importers of Nickel Sheets were China ($123M), Italy ($73.9M), India ($42.2M), Japan ($36.9M), and United Kingdom ($29.8M).

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Exporters of Nickel Sheets (2022 - 2023)

Importers of Nickel Sheets (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Nickel Sheets are explained by 8 countries.

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Value of Exports in Nickel Sheets

Net Trade

TOP NET EXPORTER (2023)United States$471M
TOP NET IMPORTER (2023)China$367M

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

In 2023, the countries that had a largest trade value in exports than in imports of Nickel Sheets were United States ($471M), Germany ($416M), Japan ($336M), Sweden ($52.8M), and France ($39.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Nickel Sheets were China ($367M), Italy ($175M), India ($159M), South Korea ($127M), and United Kingdom ($77.1M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Nickel Sheets, disaggragated by their HS6 level were Plates, sheet, strip and foil, nickel... ($2.07B) and Plates, sheet, strip and foil, nickel,... ($285M)

HS6 Disaggregation for Nickel Sheets (2023)
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Country Comparison

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Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $3.12M
TOP IMPORT POTENTIALChina+ $2.38M

Nickel Sheets’s highest export potential is India. With an export gap of $3.12M.  Nickel Sheets’s highest import potential is China with an import gap of $2.38M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Nickel Sheets.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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