Nickel Ore2604 (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%, making it the 1215th 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).
Trade By Country
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).
Trade by country
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).
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.
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).
In 2018, the world most traded Nickel Ore, disaggragated by their HS6 level were Nickel ores and concentrates ($2.92B)
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.
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