Nickel; waste and scrap

7503 (Harmonized System 1992 for 4-digit)

About

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 0.0041% 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).

Ranking Scrap Nickel ranks 606th in the Product Complexity Index (PCI).

Latest Data

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Flow
Y-AXIS SCALE

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.

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Historical Data

Exporters and Importers

Top Origin (2021)United Kingdom$116M
Top Destination (2021)United States$228M

In 2021 Scrap Nickel were the world's 958th most traded product (out of 1,217).

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).

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

Color
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).

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Exporters of Scrap Nickel (2020 - 2021)

Importers of Scrap Nickel (2020 - 2021)

Market Concentration

Value

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.

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Value of Exports in Scrap Nickel

Net Trade

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).

Net Trade (2021)

Country Comparison

Flow
Measure
Ranking

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.

Top 10 Exporters Countries of Scrap 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 Scrap 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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