HS Icon Nickel Mattes

7501 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Nickel Mattes. In 2019, Nickel Mattes were the world's 448th most traded product, with a total trade of $6.13B. Between 2018 and 2019 the exports of Nickel Mattes grew by 2.97%, from $5.96B to $6.13B. Trade in Nickel Mattes represent 0.034% of total world trade.

Exports In 2019 the top exporters of Nickel Mattes  were Canada ($1.38B), Russia ($1.21B), Indonesia ($1.19B), Philippines ($582M), and Papua New Guinea ($535M).

Imports In 2019 the top importers of Nickel Mattes were Japan ($1.55B), China ($1.27B), Norway ($1.21B), Finland ($928M), and United Kingdom ($714M).

Tariffs In 2018 the average tariff for Nickel Mattes was 1.99%, making it the 1237th 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 882nd in the Product Complexity Index (PCI).

Description Nickel mattes are used in the production of nickel-based alloys. Nickel oxide sinters are used to produce other nickel-based alloys.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Canada, $1.38B

Top Destination (2019): Japan, $1.55B

Nickel Mattes are the world's 448th most traded product.

In 2019, the top exporters of Nickel Mattes were Canada ($1.38B), Russia ($1.21B), Indonesia ($1.19B), Philippines ($582M), and Papua New Guinea ($535M).

In 2019, the top importers of Nickel Mattes were Japan ($1.55B), China ($1.27B), Norway ($1.21B), Finland ($928M), and United Kingdom ($714M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $379M

Top Destination Growth (2018 - 2019): Finland, $123M

Between 2018 and 2019, the exports of Nickel Mattes grew the fastest in Russia ($379M), Indonesia ($68.5M), Zimbabwe ($58.3M), India ($30.2M), and Papua New Guinea ($13M).

Between 2018 and 2019, the fastest growing importers of Nickel Mattes were Finland ($123M), China ($61.9M), Switzerland ($61.3M), South Africa ($58.8M), and France ($42.2M).

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Market Concentration

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Cumulative market share

Value

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

In 2019,  market concentration measured using Shannon Entropy, was 3.07. This means that most of the exports of Nickel Mattes are explained by 8 countries.

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TOP NET EXPORTER (2019): Canada, $1.28B

TOP NET IMPORTER (2019): Japan, $1.54B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Nickel Mattes were Canada ($1.28B), Russia ($1.21B), Indonesia ($1.19B), Philippines ($582M), and Papua New Guinea ($535M).

In 2019, the countries that had a largest trade value in imports than in exports of Nickel Mattes were Japan ($1.54B), China ($1.26B), Norway ($1.21B), United Kingdom ($712M), and Finland ($530M).

Disaggregation

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Value

In 2019, the world most traded Nickel Mattes, disaggragated by their HS6 level were Nickel mattes ($3.79B) and Nickel oxide sinters, intermediate nickel products... ($2.34B)

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%).

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 Mattes to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.