Nickel; unwrought

7502 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Raw Nickel. In 2021, Raw Nickel were the world's 239th most traded product, with a total trade of $17.3B. Between 2020 and 2021 the exports of Raw Nickel grew by 55.4%, from $11.1B to $17.3B. Trade in Raw Nickel represent 0.082% of total world trade.

Raw Nickel are a part of Nickel articles. They include Nickel unwrought, not alloyed and Nickel unwrought, alloyed.

Exports In 2021 the top exporters of Raw Nickel  were Australia ($3.71B), Russia ($2.14B), Canada ($1.89B), Norway ($1.8B), and Netherlands ($870M).

Imports In 2021 the top importers of Raw Nickel were China ($6.85B), Netherlands ($1.67B), United States ($1.43B), Japan ($906M), and South Korea ($831M).

Ranking Raw Nickel ranks 639th in the Product Complexity Index (PCI).

Description Unwrought nickel is a type of metal that has not been refined. It's used in the production of other metals, such as copper and iron.

Latest Data

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The following visualization shows the latest trends on Raw Nickel. 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.

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Historical Data

Exporters and Importers

Top Origin (2021)Australia$3.71B
Top Destination (2021)China$6.85B

In 2021 Raw Nickel were the world's 239th most traded product (out of 1,217).

In 2021, the top exporters of Raw Nickel were Australia ($3.71B), Russia ($2.14B), Canada ($1.89B), Norway ($1.8B), and Netherlands ($870M).

In 2021, the top importers of Raw Nickel were China ($6.85B), Netherlands ($1.67B), United States ($1.43B), Japan ($906M), and South Korea ($831M).

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Exporters of Raw Nickel (2021)
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Importers of Raw Nickel (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Australia$2.2B
Top Destination Growth (2020 -  2021)China$4.91B

Between 2020 and 2021, the exports of Raw Nickel grew the fastest in Australia ($2.2B), Singapore ($719M), Chinese Taipei ($621M), Malaysia ($549M), and United Arab Emirates ($510M).

Between 2020 and 2021, the fastest growing importers of Raw Nickel were China ($4.91B), Japan ($462M), South Korea ($423M), India ($212M), and Netherlands ($210M).

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Exporters of Raw Nickel (2020 - 2021)

Importers of Raw Nickel (2020 - 2021)

Market Concentration

Value

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

In 2021, market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Raw Nickel are explained by 14 countries.

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Value of Exports in Raw Nickel

Net Trade

TOP NET EXPORTER (2021)Australia$3.63B
TOP NET IMPORTER (2021)China$6.76B

This map shows which countries export or import more of Raw Nickel. Each country is colored based on the difference in exports and imports of Raw Nickel during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Raw Nickel were Australia ($3.63B), Russia ($2.13B), Canada ($1.86B), Norway ($1.8B), and Singapore ($739M).

In 2021, the countries that had a largest trade value in imports than in exports of Raw Nickel were China ($6.76B), United States ($1.23B), Netherlands ($795M), South Korea ($786M), and India ($594M).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Raw Nickel, disaggragated by their HS6 level were Nickel unwrought, not alloyed ($16.4B) and Nickel unwrought, alloyed ($922M)

HS6 Disaggregation for Raw Nickel (2021)
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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 Raw Nickel.
It is possible to select the main countries that export or import Raw Nickel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Raw Nickel 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 (2021)

Country by Relatedness

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

Relative Relatedness by Country (2021)

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