HS Icon Nickel Mattes

7501 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.91B, Rnk 457 / 1225

Top Exporter (2018): $1.41B, Canada

Top Importer (2018): $1.59B, Japan

Product Complexity (2018): -1.69, Rnk 968 / 1018

Export Growth (CAGR)(2017 - 2018): 12.9%, Rnk 623 / 1225

Mean Tariff (2018): 1.99%, Rnk 1237 / 1259

Share of World Trade (2018): 0.032%, Rnk 457 / 1225

Overview: In 2018, Nickel Mattes were the world's 457th most traded product, with a total trade of $5.91B. Between 2017 and 2018 the exports of Nickel Mattes grew by 12.9%, from  $5.24B to $5.91B. Trade in Nickel Mattes represent 0.032% of total world trade.

Exports: In 2018 the top exporters of Nickel Mattes  were Canada ($1.41B), Indonesia ($1.11B), Russia ($828M), Philippines ($616M), and Papua New Guinea ($517M).

Imports: In 2018 the top importers of Nickel Mattes were Japan ($1.59B), Norway ($1.26B), China ($1.19B), Finland ($805M), and United Kingdom ($691M).

Tariffs: In 2018 the average tariff for Nickel Mattes was 1.99%, been the 1237 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nickel Mattes are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Nickel Mattes ranks 968th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $1.41B

Top Destination (2018): Japan, $1.59B

Nickel Mattes are the world's 457th most traded product.

In 2018, the top exporters of Nickel Mattes were Canada ($1.41B), Indonesia ($1.11B), Russia ($828M), Philippines ($616M), and Papua New Guinea ($517M).

In 2018, the top importers of Nickel Mattes were Japan ($1.59B), Norway ($1.26B), China ($1.19B), Finland ($805M), and United Kingdom ($691M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Russia, $248M

Top Destination Growth (2017 - 2018): Japan, $313M

Between 2017 and 2018, the exports of Nickel Mattes grew the fastest in Russia ($248M), Indonesia ($210M), Finland ($174M), Papua New Guinea ($150M), and Philippines ($90.3M).

Between 2017 and 2018, the fastest growing importers of Nickel Mattes were Japan ($313M), Finland ($227M), Norway ($117M), Canada ($51.8M), and France ($49.1M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Nickel Mattes.

In 2018,  market concentration measured using Shannon Entropy, was 3.1. This means that most of the exports of Nickel Mattes are explained by 8 countries.

TOP NET EXPORTER (2018): Canada, $1.29B

TOP NET IMPORTER (2018): Japan, $1.57B

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

In 2018, the countries that had a largest trade value in exports than imports of Nickel Mattes were Canada ($1.29B), Indonesia ($1.11B), Russia ($828M), Philippines ($616M), and Papua New Guinea ($517M).

In 2018, the countries that had a largest trade value in imports than exports of Nickel Mattes were Japan ($1.57B), Norway ($1.26B), China ($1.18B), United Kingdom ($689M), and Finland ($336M).

Trade Forecasts

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This section shows forecasts for total trade for Nickel Mattes. 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 Nickel Mattes was 1.99%.  The countries with the highest tariffs for importing Nickel Mattes were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Algeria (12.2%), and Aruba (12%).

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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.