HS Icon Nickel Sheets

7506 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.44B, Rnk 828 / 1225

Top Exporter (2018): $468M, United States

Top Importer (2018): $165M, China

Product Complexity (2018): 1.06, Rnk 156 / 1018

Export Growth (CAGR)(2017 - 2018): 22.4%, Rnk 283 / 1225

Mean Tariff (2018): 3.72%, Rnk 1049 / 1259

Share of World Trade (2018): 0.0078%, Rnk 828 / 1225

Overview: In 2018, Nickel Sheets were the world's 828th most traded product, with a total trade of $1.44B. Between 2017 and 2018 the exports of Nickel Sheets grew by 22.4%, from  $1.18B to $1.44B. Trade in Nickel Sheets represent 0.0078% of total world trade.

Exports: In 2018 the top exporters of Nickel Sheets  were United States ($468M), Germany ($402M), Japan ($124M), France ($52.4M), and United Kingdom ($49.3M).

Imports: In 2018 the top importers of Nickel Sheets were China ($165M), France ($143M), Austria ($122M), United States ($111M), and Germany ($97.8M).

Tariffs: In 2018 the average tariff for Nickel Sheets was 3.72%, been the 1049 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nickel Sheets are Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), Sudan (21.9%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and India (0%).

Ranking: Nickel Sheets ranks 156th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $468M

Top Destination (2018): China, $165M

Nickel Sheets are the world's 828th most traded product.

In 2018, the top exporters of Nickel Sheets were United States ($468M), Germany ($402M), Japan ($124M), France ($52.4M), and United Kingdom ($49.3M).

In 2018, the top importers of Nickel Sheets were China ($165M), France ($143M), Austria ($122M), United States ($111M), and Germany ($97.8M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $81.9M

Top Destination Growth (2017 - 2018): France, $39M

Between 2017 and 2018, the exports of Nickel Sheets grew the fastest in United States ($81.9M), Germany ($60.7M), Japan ($33.9M), Russia ($23.7M), and South Africa ($15.6M).

Between 2017 and 2018, the fastest growing importers of Nickel Sheets were France ($39M), Austria ($37.9M), Singapore ($27.2M), Germany ($21.2M), and Chinese Taipei ($19.4M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.17. This means that most of the exports of Nickel Sheets are explained by 8 countries.

TOP NET EXPORTER (2018): United States, $357M

TOP NET IMPORTER (2018): China, $130M

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

In 2018, the countries that had a largest trade value in exports than imports of Nickel Sheets were United States ($357M), Germany ($304M), Japan ($61M), Russia ($41M), and Norway ($29.1M).

In 2018, the countries that had a largest trade value in imports than exports of Nickel Sheets were China ($130M), Austria ($99.4M), France ($90.8M), Italy ($67.8M), and South Korea ($49.1M).

Trade Forecasts

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This section shows forecasts for total trade for Nickel Sheets. 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 Sheets was 3.72%.  The countries with the highest tariffs for importing Nickel Sheets were Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), Sudan (21.9%), and Maldives (19.6%).

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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.