HS Icon Other Nickel Products

7508 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.89B, Rnk 753 / 1225

Top Exporter (2018): $579M, United States

Top Importer (2018): $304M, United States

Product Complexity (2018): 0.8, Rnk 239 / 1018

Export Growth (CAGR)(2017 - 2018): 41.7%, Rnk 96 / 1225

Mean Tariff (2018): 5.84%, Rnk 722 / 1259

Share of World Trade (2018): 0.01%, Rnk 753 / 1225

Overview:  This page contains the latest trade data of Other Nickel Products. In 2018, Other Nickel Products were the world's 753rd most traded product, with a total trade of $1.89B. Between 2017 and 2018 the exports of Other Nickel Products grew by 41.7%, from  $1.33B to $1.89B. Trade in Other Nickel Products represent 0.01% of total world trade.

Exports: In 2018 the top exporters of Other Nickel Products  were United States ($579M), United Kingdom ($178M), Mexico ($137M), Germany ($132M), and France ($112M).

Imports: In 2018 the top importers of Other Nickel Products were United States ($304M), Germany ($216M), United Kingdom ($133M), China ($129M), and Japan ($103M).

Tariffs: In 2018 the average tariff for Other Nickel Products was 5.84%, been the 722 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Nickel Products are Bahamas (40.2%), Cambodia (35%), Bermuda (25%), Algeria (23.7%), and Tanzania (23.6%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), India (0%), and Sri Lanka (0%).

Ranking: Other Nickel Products ranks 239th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $579M

Top Destination (2018): United States, $304M

Other Nickel Products are the world's 753rd most traded product.

In 2018, the top exporters of Other Nickel Products were United States ($579M), United Kingdom ($178M), Mexico ($137M), Germany ($132M), and France ($112M).

In 2018, the top importers of Other Nickel Products were United States ($304M), Germany ($216M), United Kingdom ($133M), China ($129M), and Japan ($103M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $88.2M

Top Destination Growth (2017 - 2018): United States, $169M

Between 2017 and 2018, the exports of Other Nickel Products grew the fastest in United Kingdom ($88.2M), Mexico ($79.8M), Canada ($57M), United States ($50.9M), and Austria ($48.2M).

Between 2017 and 2018, the fastest growing importers of Other Nickel Products were United States ($169M), Germany ($112M), Singapore ($54.3M), France ($52.9M), and Canada ($43.4M).

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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 Other Nickel Products.

In 2018,  market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Other Nickel Products are explained by 15 countries.

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TOP NET EXPORTER (2018): United States, $276M

TOP NET IMPORTER (2018): Germany, $84.2M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Nickel Products were United States ($276M), Mexico ($84.8M), Austria ($62.8M), Netherlands ($49.1M), and United Kingdom ($45.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Nickel Products were Germany ($84.2M), China ($76.6M), Turkey ($50.2M), Poland ($40.5M), and Japan ($38.7M).

Trade Forecasts

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This section shows forecasts for total trade for Other Nickel Products. 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 Other Nickel Products was 5.84%.  The countries with the highest tariffs for importing Other Nickel Products were Bahamas (40.2%), Cambodia (35%), Bermuda (25%), Algeria (23.7%), and Tanzania (23.6%).

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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.