HS Icon Ferro-nickel

720260 (Harmonized System 1992 for 6-digit)

World Trade (2018): $5.2B, Rnk 605 / 4726

Top Exporter (2018): $1.37B, Indonesia

Top Importer (2018): $2.43B, China

Product Complexity (2018): -1.17, Rnk 4180 / 4873

Export Growth (CAGR)(2017 - 2018): 15%, Rnk 1890 / 4726

Mean Tariff (2018): 2.79%, Rnk 5839 / 6538

Share of World Trade (2018): 0.028%, Rnk 605 / 4726

Overview:  This page contains the latest trade data of Ferro-nickel. In 2018, Ferro-nickel were the world's 605th most traded product, with a total trade of $5.2B. Between 2017 and 2018 the exports of Ferro-nickel grew by 15%, from  $4.52B to $5.2B. Trade in Ferro-nickel represent 0.028% of total world trade.

Exports: In 2018 the top exporters of Ferro-nickel  were Indonesia ($1.37B), New Caledonia ($1.03B), Brazil ($646M), Colombia ($584M), and Japan ($291M).

Imports: In 2018 the top importers of Ferro-nickel were China ($2.43B), Chinese Taipei ($434M), India ($349M), United States ($304M), and South Korea ($270M).

Tariffs: In 2018 the average tariff for Ferro-nickel was 2.79%, been the 5839 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ferro-nickel are Bahamas (40.2%), Bermuda (25%), Panama (15%), Aruba (12%), and Poland (10.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Ferro-nickel ranks 4180th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Indonesia, $1.37B

Top Destination (2018): China, $2.43B

Ferro-nickel are the world's 605th most traded product.

In 2018, the top exporters of Ferro-nickel were Indonesia ($1.37B), New Caledonia ($1.03B), Brazil ($646M), Colombia ($584M), and Japan ($291M).

In 2018, the top importers of Ferro-nickel were China ($2.43B), Chinese Taipei ($434M), India ($349M), United States ($304M), and South Korea ($270M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): New Caledonia, $380M

Top Destination Growth (2017 - 2018): Chinese Taipei, $197M

Between 2017 and 2018, the exports of Ferro-nickel grew the fastest in New Caledonia ($380M), Colombia ($215M), Brazil ($77.3M), North Macedonia ($53.8M), and South Korea ($41.8M).

Between 2017 and 2018, the fastest growing importers of Ferro-nickel were Chinese Taipei ($197M), South Korea ($106M), South Africa ($80.5M), Netherlands ($69.3M), and Spain ($45.5M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Ferro-nickel.

In 2018,  market concentration measured using Shannon Entropy, was 3.28. This means that most of the exports of Ferro-nickel are explained by 9 countries.

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TOP NET EXPORTER (2018): Indonesia, $1.35B

TOP NET IMPORTER (2018): China, $2.41B

This map shows which countries export or import more of Ferro-nickel. Each country is colored based on the difference in exports and imports of Ferro-nickel during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ferro-nickel were Indonesia ($1.35B), New Caledonia ($1.03B), Brazil ($646M), Colombia ($584M), and Burma ($271M).

In 2018, the countries that had a largest trade value in imports than in exports of Ferro-nickel were China ($2.41B), Chinese Taipei ($433M), India ($349M), United States ($302M), and Italy ($250M).

Trade Forecasts

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This section shows forecasts for total trade for Ferro-nickel. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Ferro-nickel was 2.79%.  The countries with the highest tariffs for importing Ferro-nickel were Bahamas (40.2%), Bermuda (25%), Panama (15%), Aruba (12%), and Poland (10.6%).

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Product Complexity

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Diversification Frontier

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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.