HS Icon Nickel Ore

2604 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.92B, Rnk 634 / 1225

Top Exporter (2018): $691M, Indonesia

Top Importer (2018): $1.69B, China

Product Complexity (2018): -1.48, Rnk 937 / 1018

Export Growth (CAGR)(2017 - 2018): 22.3%, Rnk 286 / 1225

Mean Tariff (2018): 2.18%, Rnk 1215 / 1259

Share of World Trade (2018): 0.016%, Rnk 634 / 1225

Overview:  This page contains the latest trade data of Nickel Ore. In 2018, Nickel Ore were the world's 634th most traded product, with a total trade of $2.92B. Between 2017 and 2018 the exports of Nickel Ore grew by 22.3%, from  $2.39B to $2.92B. Trade in Nickel Ore represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Nickel Ore  were Indonesia ($691M), Philippines ($482M), New Caledonia ($402M), Finland ($217M), and Australia ($209M).

Imports: In 2018 the top importers of Nickel Ore were China ($1.69B), Canada ($228M), South Korea ($219M), Japan ($200M), and Finland ($188M).

Tariffs: In 2018 the average tariff for Nickel Ore was 2.18%, been the 1215 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nickel Ore are Bahamas (40.2%), Bermuda (25%), Cuba (14.8%), Aruba (12%), and Panama (10%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Nickel Ore ranks 937th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Indonesia, $691M

Top Destination (2018): China, $1.69B

Nickel Ore are the world's 634th most traded product.

In 2018, the top exporters of Nickel Ore were Indonesia ($691M), Philippines ($482M), New Caledonia ($402M), Finland ($217M), and Australia ($209M).

In 2018, the top importers of Nickel Ore were China ($1.69B), Canada ($228M), South Korea ($219M), Japan ($200M), and Finland ($188M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $502M

Top Destination Growth (2017 - 2018): China, $241M

Between 2017 and 2018, the exports of Nickel Ore grew the fastest in Indonesia ($502M), Zimbabwe ($161M), Canada ($81M), New Caledonia ($71.3M), and Finland ($70.9M).

Between 2017 and 2018, the fastest growing importers of Nickel Ore were China ($241M), South Africa ($147M), Finland ($46.7M), North Macedonia ($36.9M), and South Korea ($31.7M).

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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 Nickel Ore.

In 2018,  market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Nickel Ore are explained by 10 countries.

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TOP NET EXPORTER (2018): Indonesia, $691M

TOP NET IMPORTER (2018): China, $1.69B

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

In 2018, the countries that had a largest trade value in exports than in imports of Nickel Ore were Indonesia ($691M), Philippines ($482M), New Caledonia ($402M), Zimbabwe ($194M), and Australia ($188M).

In 2018, the countries that had a largest trade value in imports than in exports of Nickel Ore were China ($1.69B), South Korea ($217M), Japan ($199M), South Africa ($92.1M), and Canada ($37.6M).

Trade Forecasts

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This section shows forecasts for total trade for Nickel Ore. 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 Ore was 2.18%.  The countries with the highest tariffs for importing Nickel Ore were Bahamas (40.2%), Bermuda (25%), Cuba (14.8%), Aruba (12%), and Panama (10%).

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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.