HS Icon Nickel sulphates

283324 (Harmonized System 1992 for 6-digit)

World Trade (2019): $668M, Rnk 2449 / 4648

Top Exporter (2019): $250M, Chinese Taipei

Top Importer (2019): $334M, Japan

Product Complexity (2019): 1, Rnk 761 / 4826

Export Growth (CAGR)(2018 - 2019): 5.19%, Rnk 748 / 4648

Mean Tariff (2018): 4.35%, Rnk 4662 / 6538

Share of World Trade (2019): 0.0037%, Rnk 2449 / 4648

Overview:  This page contains the latest trade data of Nickel sulphates. In 2019, Nickel sulphates were the world's 2449th most traded product, with a total trade of $668M. Between 2018 and 2019 the exports of Nickel sulphates grew by 5.19%, from  $635M to $668M. Trade in Nickel sulphates represent 0.0037% of total world trade.

Exports: In 2019 the top exporters of Nickel sulphates  were Chinese Taipei ($250M), Finland ($103M), Belgium ($99.7M), South Korea ($61.2M), and Germany ($22.7M).

Imports: In 2019 the top importers of Nickel sulphates were Japan ($334M), Canada ($51.6M), South Korea ($41.5M), Belgium ($37M), and Australia ($30.8M).

Tariffs: In 2018 the average tariff for Nickel sulphates was 4.35%, making it the 4662nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Nickel sulphates are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Nepal (14.8%), and Cuba (14.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Nickel sulphates ranks 761st in the Product Complexity Index (PCI).

Description: Nickel sulphates are used to make nickel metal. They also act as an insecticide in the form of a white powder.

Exporters and Importers

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Trade By Country

Top Origin (2019): Chinese Taipei, $250M

Top Destination (2019): Japan, $334M

Nickel sulphates are the world's 2449th most traded product.

In 2019, the top exporters of Nickel sulphates were Chinese Taipei ($250M), Finland ($103M), Belgium ($99.7M), South Korea ($61.2M), and Germany ($22.7M).

In 2019, the top importers of Nickel sulphates were Japan ($334M), Canada ($51.6M), South Korea ($41.5M), Belgium ($37M), and Australia ($30.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): South Korea, $49.8M

Top Destination Growth (2018 - 2019): Japan, $101M

Between 2018 and 2019, the exports of Nickel sulphates grew the fastest in South Korea ($49.8M), Chinese Taipei ($32.4M), South Africa ($6.25M), Austria ($1.09M), and Sweden ($912k).

Between 2018 and 2019, the fastest growing importers of Nickel sulphates were Japan ($101M), Canada ($15.3M), Finland ($9.69M), India ($2.35M), and Indonesia ($484k).

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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 sulphates.

In 2019,  market concentration measured using Shannon Entropy, was 3.03. This means that most of the exports of Nickel sulphates are explained by 8 countries.

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TOP NET EXPORTER (2019): Chinese Taipei, $242M

TOP NET IMPORTER (2019): Japan, $312M

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

In 2019, the countries that had a largest trade value in exports than in imports of Nickel sulphates were Chinese Taipei ($242M), Finland ($89.7M), Belgium ($62.6M), South Korea ($19.7M), and Netherlands ($17.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Nickel sulphates were Japan ($312M), Canada ($51.5M), Australia ($30M), Malaysia ($13.3M), and Philippines ($11.3M).

Import Tariffs

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In 2018, the average tariff for importing Nickel sulphates was 4.35%.  The countries with the highest tariffs for importing Nickel sulphates were Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Nepal (14.8%), and Cuba (14.7%).

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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.