HS Icon Nickel ores and concentrates

260400 (Harmonized System 1992 for 6-digit)

World Trade (2019): $3.72B, Rnk 830 / 4648

Top Exporter (2019): $1.16B, Indonesia

Top Importer (2019): $2.46B, China

Product Complexity (2019): -1.48, Rnk 4395 / 4826

Export Growth (CAGR)(2018 - 2019): 29.6%, Rnk 106 / 4648

Mean Tariff (2018): 2.18%, Rnk 6130 / 6538

Share of World Trade (2019): 0.021%, Rnk 830 / 4648

Overview:  This page contains the latest trade data of Nickel ores and concentrates. In 2019, Nickel ores and concentrates were the world's 830th most traded product, with a total trade of $3.72B. Between 2018 and 2019 the exports of Nickel ores and concentrates grew by 29.6%, from  $2.87B to $3.72B. Trade in Nickel ores and concentrates represent 0.021% of total world trade.

Exports: In 2019 the top exporters of Nickel ores and concentrates  were Indonesia ($1.16B), Philippines ($650M), New Caledonia ($448M), Australia ($309M), and Finland ($242M).

Imports: In 2019 the top importers of Nickel ores and concentrates were China ($2.46B), Finland ($278M), South Korea ($221M), Japan ($202M), and South Africa ($170M).

Tariffs: In 2018 the average tariff for Nickel ores and concentrates was 2.18%, making it the 6130th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Nickel ores and concentrates 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 ores and concentrates ranks 4395th in the Product Complexity Index (PCI).

Description: Nickel ores and concentrates are used in the production of stainless steel, heat-resistant steel, and other alloys. It is also a component in the manufacture of nickel-cadmium batteries.

Exporters and Importers

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Trade By Country

Top Origin (2019): Indonesia, $1.16B

Top Destination (2019): China, $2.46B

Nickel ores and concentrates are the world's 830th most traded product.

In 2019, the top exporters of Nickel ores and concentrates were Indonesia ($1.16B), Philippines ($650M), New Caledonia ($448M), Australia ($309M), and Finland ($242M).

In 2019, the top importers of Nickel ores and concentrates were China ($2.46B), Finland ($278M), South Korea ($221M), Japan ($202M), and South Africa ($170M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Indonesia, $472M

Top Destination Growth (2018 - 2019): China, $789M

Between 2018 and 2019, the exports of Nickel ores and concentrates grew the fastest in Indonesia ($472M), Philippines ($167M), Cote d'Ivoire ($103M), Australia ($98.9M), and Zimbabwe ($58.1M).

Between 2018 and 2019, the fastest growing importers of Nickel ores and concentrates were China ($789M), Finland ($88.5M), North Macedonia ($59.6M), South Africa ($45M), and Greece ($29.5M).

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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 ores and concentrates.

In 2019,  market concentration measured using Shannon Entropy, was 3.04. This means that most of the exports of Nickel ores and concentrates are explained by 8 countries.

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TOP NET EXPORTER (2019): Indonesia, $1.16B

TOP NET IMPORTER (2019): China, $2.46B

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

In 2019, the countries that had a largest trade value in exports than in imports of Nickel ores and concentrates were Indonesia ($1.16B), Philippines ($649M), New Caledonia ($448M), Australia ($285M), and Zimbabwe ($229M).

In 2019, the countries that had a largest trade value in imports than in exports of Nickel ores and concentrates were China ($2.46B), South Korea ($219M), Japan ($200M), South Africa ($136M), and North Macedonia ($126M).

Import Tariffs

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In 2018, the average tariff for importing Nickel ores and concentrates was 2.18%.  The countries with the highest tariffs for importing Nickel ores and concentrates 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.