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283324 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.43BRnk 1732 / 4644
2023
Top Exporter | Top Importer $252M | $554MFinland | China
2023
Product Complexity 0.69Rnk 1299 / 4656
2022 - 2023
Export Growth (CAGR) 12.5%Rnk 539 / 4644
2023
Share of World Trade 0.0063%Rnk 1732 / 4644

About

Overview This page contains the latest trade data of Nickel sulphates. In 2023, Nickel sulphates were the world's 1732nd most traded product, with a total trade of $1.43B. Between 2022 and 2023 the exports of Nickel sulphates grew by 12.5%, from $1.27B to $1.43B. Trade in Nickel sulphates represent 0.0063% of total world trade.

Nickel sulphates are a part of Sulfates.

Exports In 2023 the top exporters of Nickel sulphates  were Finland ($252M), South Korea ($242M), Indonesia ($221M), Belgium ($142M), and Chinese Taipei ($134M).

Imports In 2023 the top importers of Nickel sulphates were China ($554M), Japan ($336M), South Korea ($103M), Belgium ($99.8M), and Canada ($40.7M).

Ranking Nickel sulphates ranks 1299th in the Product Complexity Index (PCI).

Description Nickel sulphates are used to make nickel metal. They also act as an insecticide in the form of a white powder.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nickel sulphates. 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)Finland$252M
Top Destination (2023)China$554M

In 2023 Nickel sulphates were the world's 1732nd most traded product (out of 4,644).

In 2023, the top exporters of Nickel sulphates were Finland ($252M), South Korea ($242M), Indonesia ($221M), Belgium ($142M), and Chinese Taipei ($134M).

In 2023, the top importers of Nickel sulphates were China ($554M), Japan ($336M), South Korea ($103M), Belgium ($99.8M), and Canada ($40.7M).

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

Color
Top Origin Growth (2022 -  2023)Indonesia$219M
Top Destination Growth (2022 -  2023)China$274M

Between 2022 and 2023, the exports of Nickel sulphates grew the fastest in Indonesia ($219M), China ($70.5M), Malaysia ($39.1M), South Korea ($37.1M), and South Africa ($32M).

Between 2022 and 2023, the fastest growing importers of Nickel sulphates were China ($274M), South Korea ($61M), Australia ($25.3M), United States ($12.1M), and Sweden ($11.9M).

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Exporters of Nickel sulphates (2022 - 2023)

Importers of Nickel sulphates (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.56. This means that most of the exports of Nickel sulphates are explained by 11 countries.

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Value of Exports in Nickel sulphates

Net Trade

TOP NET EXPORTER (2023)Finland$251M
TOP NET IMPORTER (2023)China$477M

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

In 2023, the countries that had a largest trade value in exports than in imports of Nickel sulphates were Finland ($251M), Indonesia ($216M), South Korea ($139M), Chinese Taipei ($120M), and Netherlands ($56M).

In 2023, the countries that had a largest trade value in imports than in exports of Nickel sulphates were China ($477M), Japan ($311M), Canada ($40.2M), Philippines ($29.3M), and United Kingdom ($11.7M).

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 sulphates.
It is possible to select the main countries that export or import Nickel sulphates in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Nickel sulphates 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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