Overview:  This page contains the latest trade data of Nickel Bars. In 2019, Nickel Bars were the world's 597th most traded product, with a total trade of $3.4B. Between 2018 and 2019 the exports of Nickel Bars grew by 12.2%, from $3.03B to $3.4B. Trade in Nickel Bars represent 0.019% of total world trade.

Exports: In 2019 the top exporters of Nickel Bars  were United States ($1.04B), Germany ($424M), France ($358M), Austria ($321M), and United Kingdom ($249M).

Imports: In 2019 the top importers of Nickel Bars were United States ($418M), Germany ($397M), China ($298M), United Kingdom ($258M), and France ($254M).

Tariffs: In 2018 the average tariff for Nickel Bars was 3.86%, making it the 1027th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nickel Bars 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 Bars ranks 152nd in the Product Complexity Index (PCI).

Description: Nickel is used in the production of stainless steel, and is also used to make other metals. Nickel can be found in the form of wire, bars, rods, and profiles.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $1.04B

Top Destination (2019): United States, $418M

Nickel Bars are the world's 597th most traded product.

In 2019, the top exporters of Nickel Bars were United States ($1.04B), Germany ($424M), France ($358M), Austria ($321M), and United Kingdom ($249M).

In 2019, the top importers of Nickel Bars were United States ($418M), Germany ($397M), China ($298M), United Kingdom ($258M), and France ($254M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $76.8M

Top Destination Growth (2018 - 2019): China, $77.2M

Between 2018 and 2019, the exports of Nickel Bars grew the fastest in United States ($76.8M), Italy ($67.1M), France ($53.7M), Germany ($41.4M), and Switzerland ($38.5M).

Between 2018 and 2019, the fastest growing importers of Nickel Bars were China ($77.2M), United Kingdom ($39.8M), Mexico ($35M), Switzerland ($31.9M), and India ($23.7M).

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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 Bars.

In 2019,  market concentration measured using Shannon Entropy, was 3.55. This means that most of the exports of Nickel Bars are explained by 11 countries.

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TOP NET EXPORTER (2019): United States, $626M

TOP NET IMPORTER (2019): China, $224M

This map shows which countries export or import more of Nickel Bars. Each country is colored based on the difference in exports and imports of Nickel Bars during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Nickel Bars were United States ($626M), Austria ($264M), France ($105M), Australia ($85.2M), and Sweden ($77.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Nickel Bars were China ($224M), Mexico ($224M), Singapore ($72.7M), India ($70.9M), and South Korea ($68M).

Disaggregation

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Value

In 2019, the world most traded Nickel Bars, disaggragated by their HS6 level were Bars, rods and profiles, nickel alloy ($2.1B), Wire, nickel alloy ($1.2B), Wire, nickel, not alloyed ($60.8M), and Bars, rods and profiles, nickel, not... ($38.9M)

Import Tariffs

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In 2018, the average tariff for importing Nickel Bars was 3.86%. The countries with the highest tariffs for importing Nickel Bars were Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), Sudan (21.9%), and Maldives (19.6%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Nickel Bars to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.