HS Icon Nickel Powder

7504 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.31B, Rnk 842 / 1225

Top Exporter (2018): $302M, Canada

Top Importer (2018): $313M, China

Export Growth (CAGR)(2017 - 2018): 49.4%, Rnk 73 / 1225

Mean Tariff (2018): 3.47%, Rnk 1083 / 1259

Share of World Trade (2018): 0.0071%, Rnk 842 / 1225

Overview:  This page contains the latest trade data of Nickel Powder. In 2018, Nickel Powder were the world's 842nd most traded product, with a total trade of $1.31B. Between 2017 and 2018 the exports of Nickel Powder grew by 49.4%, from  $876M to $1.31B. Trade in Nickel Powder represent 0.0071% of total world trade.

Exports: In 2018 the top exporters of Nickel Powder  were Canada ($302M), Australia ($287M), United Kingdom ($165M), Japan ($130M), and China ($88.7M).

Imports: In 2018 the top importers of Nickel Powder were China ($313M), South Korea ($211M), Japan ($143M), United States ($142M), and Chinese Taipei ($77.2M).

Tariffs: In 2018 the average tariff for Nickel Powder was 3.47%, been the 1083 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nickel Powder are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Maldives (19.6%), and Panama (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $302M

Top Destination (2018): China, $313M

Nickel Powder are the world's 842nd most traded product.

In 2018, the top exporters of Nickel Powder were Canada ($302M), Australia ($287M), United Kingdom ($165M), Japan ($130M), and China ($88.7M).

In 2018, the top importers of Nickel Powder were China ($313M), South Korea ($211M), Japan ($143M), United States ($142M), and Chinese Taipei ($77.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Australia, $210M

Top Destination Growth (2017 - 2018): China, $174M

Between 2017 and 2018, the exports of Nickel Powder grew the fastest in Australia ($210M), United Kingdom ($51.1M), Canada ($42.1M), China ($37.8M), and Finland ($36M).

Between 2017 and 2018, the fastest growing importers of Nickel Powder were China ($174M), South Korea ($63.3M), United States ($48M), Chinese Taipei ($38.2M), and Japan ($26.1M).

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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 Powder.

In 2018,  market concentration measured using Shannon Entropy, was 3.31. This means that most of the exports of Nickel Powder are explained by 9 countries.

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TOP NET EXPORTER (2018): Australia, $285M

TOP NET IMPORTER (2018): China, $224M

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

In 2018, the countries that had a largest trade value in exports than in imports of Nickel Powder were Australia ($285M), Canada ($273M), United Kingdom ($138M), Finland ($45.9M), and Russia ($23.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Nickel Powder were China ($224M), South Korea ($204M), Chinese Taipei ($77M), United States ($70.7M), and Sweden ($41.3M).

Trade Forecasts

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This section shows forecasts for total trade for Nickel Powder. 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 Powder was 3.47%.  The countries with the highest tariffs for importing Nickel Powder were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Maldives (19.6%), and Panama (15%).

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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.