Scrap NickelNickel; waste and scrap
7503 (Harmonized System 1992 for 4-digit)
2021 World Trade: $871M, Rnk 958 / 1217
2021 Top Exporter | Top Importer: $116M | $228M, United Kingdom | United States
2021 Product Complexity: -0.18, Rnk 606 / 1024
2020 - 2021 Export Growth (CAGR): -2.59%, Rnk 1151 / 1217
2018 Mean Tariff: 2.41%, Rnk 1199 / 1259
2021 Share of World Trade: <0.01%, Rnk 958 / 1217
Overview This page contains the latest trade data of Scrap Nickel. In 2021, Scrap Nickel were the world's 958th most traded product, with a total trade of $871M. Between 2020 and 2021 the exports of Scrap Nickel decreased by -2.59%, from $894M to $871M. Trade in Scrap Nickel represent 0.000041% of total world trade.
Scrap Nickel are a part of Nickel articles. They include Nickel waste or scrap.
Exports In 2021 the top exporters of Scrap Nickel were United Kingdom ($116M), United States ($77.3M), Russia ($73.4M), Germany ($55.7M), and South Korea ($47.4M).
Imports In 2021 the top importers of Scrap Nickel were United States ($228M), Japan ($128M), Germany ($87M), United Kingdom ($85.9M), and India ($52.6M).
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 606th 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 (2021): United Kingdom, $116M
Top Destination (2021): United States, $228M
Scrap Nickel are the world's 958th most traded product.
In 2021, the top exporters of Scrap Nickel were United Kingdom ($116M), United States ($77.3M), Russia ($73.4M), Germany ($55.7M), and South Korea ($47.4M).
In 2021, the top importers of Scrap Nickel were United States ($228M), Japan ($128M), Germany ($87M), United Kingdom ($85.9M), and India ($52.6M).
Trade by country
Top Origin Growth (2020 - 2021): United Kingdom, $39.3M
Top Destination Growth (2020 - 2021): Japan, $56M
Between 2020 and 2021, the exports of Scrap Nickel grew the fastest in United Kingdom ($39.3M), Russia ($30.8M), Saudi Arabia ($22.7M), South Korea ($15.1M), and Singapore ($12.7M).
Between 2020 and 2021, the fastest growing importers of Scrap Nickel were Japan ($56M), United States ($47M), United Kingdom ($42.7M), Germany ($16.1M), and India ($14.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Scrap Nickel.
In 2021, market concentration measured using Shannon Entropy, was 4.84. This means that most of the exports of Scrap Nickel are explained by 28 countries.
TOP NET EXPORTER (2021): Russia, $71.1M
TOP NET IMPORTER (2021): United States, $150M
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Scrap Nickel were Russia ($71.1M), Saudi Arabia ($42.2M), United Kingdom ($30.5M), South Korea ($24.1M), and Singapore ($19M).
In 2021, the countries that had a largest trade value in imports than in exports of Scrap Nickel were United States ($150M), Japan ($84.9M), India ($37M), Sweden ($34.5M), and Germany ($31.3M).
In 2021, the world most traded Scrap Nickel, disaggragated by their HS6 level were Nickel waste or scrap ($871M)
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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