HS Icon Nickel Sheets

7506 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $1.51B, Rnk 809 / 1217

2019
Top Exporter | Top Importer
: $476M | $219M, United States | China

2019
Product Complexity
: 1.15, Rnk 110 / 961

2018 - 2019
Export Growth (CAGR)
: 4.33%, Rnk 186 / 1217

2018
Mean Tariff
: 3.72%, Rnk 1049 / 1259

 2019
Share of World Trade
: 0.0083%, Rnk 809 / 1217

Overview:  This page contains the latest trade data of Nickel Sheets. In 2019, Nickel Sheets were the world's 809th most traded product, with a total trade of $1.51B. Between 2018 and 2019 the exports of Nickel Sheets grew by 4.33%, from  $1.45B to $1.51B. Trade in Nickel Sheets represent 0.0083% of total world trade.

Exports: In 2019 the top exporters of Nickel Sheets  were United States ($476M), Germany ($398M), Japan ($192M), United Kingdom ($57M), and France ($48.6M).

Imports: In 2019 the top importers of Nickel Sheets were China ($219M), United States ($135M), France ($129M), Germany ($101M), and United Kingdom ($94M).

Tariffs: In 2018 the average tariff for Nickel Sheets was 3.72%, making it the 1049th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nickel Sheets 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 Sheets ranks 110th in the Product Complexity Index (PCI).

Description: Nickel is used in the production of stainless steel, which is a type of metal that does not rust. Stainless steel is used to make kitchen appliances, utensils, and other products.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $476M

Top Destination (2019): China, $219M

Nickel Sheets are the world's 809th most traded product.

In 2019, the top exporters of Nickel Sheets were United States ($476M), Germany ($398M), Japan ($192M), United Kingdom ($57M), and France ($48.6M).

In 2019, the top importers of Nickel Sheets were China ($219M), United States ($135M), France ($129M), Germany ($101M), and United Kingdom ($94M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Japan, $68.9M

Top Destination Growth (2018 - 2019): China, $54.6M

Between 2018 and 2019, the exports of Nickel Sheets grew the fastest in Japan ($68.9M), South Korea ($28.3M), Norway ($14.2M), Canada ($9.24M), and United States ($8.37M).

Between 2018 and 2019, the fastest growing importers of Nickel Sheets were China ($54.6M), India ($46.7M), Indonesia ($31.7M), United States ($23.8M), and South Korea ($16.1M).

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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 Sheets.

In 2019,  market concentration measured using Shannon Entropy, was 3.13. This means that most of the exports of Nickel Sheets are explained by 8 countries.

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TOP NET EXPORTER (2019): United States, $341M

TOP NET IMPORTER (2019): China, $182M

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

In 2019, the countries that had a largest trade value in exports than in imports of Nickel Sheets were United States ($341M), Germany ($297M), Japan ($135M), Norway ($43.3M), and Russia ($15M).

In 2019, the countries that had a largest trade value in imports than in exports of Nickel Sheets were China ($182M), India ($85.9M), France ($80.1M), Italy ($72.3M), and Indonesia ($52.1M).

Disaggregation

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Value

In 2019, the world most traded Nickel Sheets, disaggragated by their HS6 level were Plates, sheet, strip and foil, nickel... ($1.26B) and Plates, sheet, strip and foil, nickel,... ($255M)

Import Tariffs

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In 2018, the average tariff for importing Nickel Sheets was 3.72%.  The countries with the highest tariffs for importing Nickel Sheets were Bahamas (40.2%), Bermuda (25%), Bangladesh (24.5%), Sudan (21.9%), and Maldives (19.6%).

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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.