HS Icon Raw Nickel

7502 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Raw Nickel. In 2019, Raw Nickel were the world's 247th most traded product, with a total trade of $14.3B. Between 2018 and 2019 the exports of Raw Nickel grew by 1.32%, from $14.1B to $14.3B. Trade in Raw Nickel represent 0.079% of total world trade.

Exports: In 2019 the top exporters of Raw Nickel  were Russia ($4.03B), Australia ($2.12B), Canada ($1.56B), Norway ($1.36B), and Netherlands ($698M).

Imports: In 2019 the top importers of Raw Nickel were China ($2.87B), Netherlands ($2.2B), United States ($1.37B), Germany ($956M), and Chinese Taipei ($715M).

Tariffs: In 2018 the average tariff for Raw Nickel was 1.98%, making it the 1238th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Nickel are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Raw Nickel ranks 638th in the Product Complexity Index (PCI).

Description: Unwrought nickel is a type of metal that has not been refined. It's used in the production of other metals, such as copper and iron.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Russia, $4.03B

Top Destination (2019): China, $2.87B

Raw Nickel are the world's 247th most traded product.

In 2019, the top exporters of Raw Nickel were Russia ($4.03B), Australia ($2.12B), Canada ($1.56B), Norway ($1.36B), and Netherlands ($698M).

In 2019, the top importers of Raw Nickel were China ($2.87B), Netherlands ($2.2B), United States ($1.37B), Germany ($956M), and Chinese Taipei ($715M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $1.71B

Top Destination Growth (2018 - 2019): China, $463M

Between 2018 and 2019, the exports of Raw Nickel grew the fastest in Russia ($1.71B), China ($283M), United Arab Emirates ($130M), France ($47M), and Japan ($46.4M).

Between 2018 and 2019, the fastest growing importers of Raw Nickel were China ($463M), Singapore ($447M), Chinese Taipei ($324M), Malaysia ($317M), and Netherlands ($233M).

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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 Raw Nickel.

In 2019,  market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Raw Nickel are explained by 12 countries.

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TOP NET EXPORTER (2019): Russia, $4.01B

TOP NET IMPORTER (2019): China, $2.41B

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

In 2019, the countries that had a largest trade value in exports than in imports of Raw Nickel were Russia ($4.01B), Australia ($2.07B), Canada ($1.54B), Norway ($1.36B), and Finland ($543M).

In 2019, the countries that had a largest trade value in imports than in exports of Raw Nickel were China ($2.41B), Netherlands ($1.5B), United States ($1.09B), Germany ($700M), and Chinese Taipei ($647M).

Disaggregation

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Value

In 2019, the world most traded Raw Nickel, disaggragated by their HS6 level were Nickel unwrought, not alloyed ($13.2B) and Nickel unwrought, alloyed ($1.07B)

Import Tariffs

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In 2018, the average tariff for importing Raw Nickel was 1.98%. The countries with the highest tariffs for importing Raw Nickel were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Algeria (12.2%), and Aruba (12%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Raw Nickel to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.