Raw Nickel7502 (Harmonized System 1992 for 4-digit)
2020 World Trade: $11.1B, Rnk 285 / 1217
2020 Top Exporter | Top Importer: $2.26B | $1.94B, China | Russia
2020 Product Complexity: -0.4, Rnk 666 / 1028
2019 - 2020 Export Growth (CAGR): -18%, Rnk 978 / 1217
2018 Mean Tariff: 2.05%, Rnk 1239 / 1259
2020 Share of World Trade: 0.066%, Rnk 285 / 1217
Overview This page contains the latest trade data of Raw Nickel. In 2020, Raw Nickel were the world's 285th most traded product, with a total trade of $11.1B. Between 2019 and 2020 the exports of Raw Nickel decreased by -18%, from $13.6B to $11.1B. Trade in Raw Nickel represent 0.066% of total world trade.
Raw Nickel are a part of Nickel and articles thereof. They include Nickel unwrought, not alloyedand Nickel unwrought, alloyed.
Exports In 2020 the top exporters of Raw Nickel were Russia ($2.26B), Canada ($1.52B), Australia ($1.51B), Norway ($1.31B), and Netherlands ($672M).
Imports In 2020 the top importers of Raw Nickel were China ($1.94B), Netherlands ($1.46B), United States ($1.25B), Germany ($855M), and Switzerland ($679M).
Tariffs In 2018 the average tariff for Raw Nickel was 2.05%, making it the 1239th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Raw Nickel are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking Raw Nickel ranks 666th 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.
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.
Trade By Country
Raw Nickel are the world's 285th most traded product.
In 2020, the top exporters of Raw Nickel were Russia ($2.26B), Canada ($1.52B), Australia ($1.51B), Norway ($1.31B), and Netherlands ($672M).
In 2020, the top importers of Raw Nickel were China ($1.94B), Netherlands ($1.46B), United States ($1.25B), Germany ($855M), and Switzerland ($679M).
Trade by country
Top Origin Growth (2019 - 2020): Luxembourg, $160M
Top Destination Growth (2019 - 2020): Netherlands, $257M
Between 2019 and 2020, the exports of Raw Nickel grew the fastest in Luxembourg ($160M), United Kingdom ($144M), Japan ($105M), Belgium ($42.3M), and France ($16.1M).
Between 2019 and 2020, the fastest growing importers of Raw Nickel were Netherlands ($257M), Switzerland ($144M), United Arab Emirates ($132M), Belgium ($56.7M), and Indonesia ($19M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Raw Nickel.
In 2020, market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Raw Nickel are explained by 13 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Raw Nickel were Russia ($2.25B), Canada ($1.5B), Australia ($1.48B), Norway ($1.31B), and Finland ($558M).
In 2020, the countries that had a largest trade value in imports than in exports of Raw Nickel were China ($1.66B), United States ($1.04B), Netherlands ($787M), Switzerland ($667M), and Germany ($595M).
In 2019, the world most traded Raw Nickel, disaggragated by their HS6 level were Nickel unwrought, not alloyed ($10.1B)and Nickel unwrought, alloyed ($996M)
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.
In 2018, the average tariff for importing Raw Nickel was 2.05%. The countries with the highest tariffs for importing Raw Nickel were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%).
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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