Scrap Nickel7503 (Harmonized System 1992 for 4-digit)
2020 World Trade: $894M, Rnk 914 / 1217
2020 Top Exporter | Top Importer: $264M | $259M, United Arab Emirates | Pakistan
2020 Product Complexity: 0.054, Rnk 536 / 1028
2019 - 2020 Export Growth (CAGR): -12.4%, Rnk 807 / 1217
2018 Mean Tariff: 2.41%, Rnk 1199 / 1259
2020 Share of World Trade: 0.0053%, Rnk 914 / 1217
Overview This page contains the latest trade data of Scrap Nickel. In 2020, Scrap Nickel were the world's 914th most traded product, with a total trade of $894M. Between 2019 and 2020 the exports of Scrap Nickel decreased by -12.4%, from $1.02B to $894M. Trade in Scrap Nickel represent 0.0053% of total world trade.
Scrap Nickel are a part of Nickel articles. They include Nickel waste or scrap.
Exports In 2020 the top exporters of Scrap Nickel were United Arab Emirates ($264M), United States ($90.2M), United Kingdom ($77.1M), Germany ($47.5M), and Russia ($42.6M).
Imports In 2020 the top importers of Scrap Nickel were Pakistan ($259M), United States ($181M), Japan ($72.2M), Germany ($70.9M), and United Kingdom ($42.8M).
Tariffs In 2018 the average tariff for Scrap Nickel was 2.41%, making it the 1199th lowest tariff using the HS4 product classification.
Ranking Scrap Nickel ranks 536th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Scrap 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
Top Origin (2020): United Arab Emirates, $264M
Top Destination (2020): Pakistan, $259M
Scrap Nickel are the world's 914th most traded product.
In 2020, the top exporters of Scrap Nickel were United Arab Emirates ($264M), United States ($90.2M), United Kingdom ($77.1M), Germany ($47.5M), and Russia ($42.6M).
In 2020, the top importers of Scrap Nickel were Pakistan ($259M), United States ($181M), Japan ($72.2M), Germany ($70.9M), and United Kingdom ($42.8M).
Trade by country
Top Origin Growth (2019 - 2020): United Arab Emirates, $173M
Top Destination Growth (2019 - 2020): Pakistan, $184M
Between 2019 and 2020, the exports of Scrap Nickel grew the fastest in United Arab Emirates ($173M), Russia ($30.2M), Poland ($4.87M), Madagascar ($3.54M), and Hungary ($1.23M).
Between 2019 and 2020, the fastest growing importers of Scrap Nickel were Pakistan ($184M), Sweden ($8.05M), Russia ($5.23M), South Korea ($3.68M), and Italy ($3.14M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Scrap Nickel.
In 2020, market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Scrap Nickel are explained by 17 countries.
TOP NET EXPORTER (2020): United Arab Emirates, $264M
TOP NET IMPORTER (2020): Pakistan, $258M
This map shows which countries export or import more of Scrap Nickel. Each country is colored based on the difference in exports and imports of Scrap Nickel during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Scrap Nickel were United Arab Emirates ($264M), Russia ($35.5M), United Kingdom ($34.4M), South Korea ($19.8M), and Saudi Arabia ($19.4M).
In 2020, the countries that had a largest trade value in imports than in exports of Scrap Nickel were Pakistan ($258M), United States ($90.4M), Japan ($38M), India ($33.6M), and Sweden ($26.2M).
In 2020, the world most traded Scrap Nickel, disaggragated by their HS6 level were Nickel waste or scrap ($894M)
This visualization shows the countries that have an important ratio of their trade related to Scrap Nickel. It is possible to select the main countries that export or import Scrap Nickel in the world, or by continent, as well as select the measure of interest.
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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