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2022
Exports $126MWorld Rnk 5 / 75
Flag Rnk 846 / 1216
2022
Destination $3.74M South Korea
2021 - 2022
FASTEST GROWING MARKET $3.74MBelgium
2022
PRODUCT COMPLEXITY IN Nickel Powder-0.1Rnk 583 / 1025
2022
Imports $806MWorld Rnk 1 / 117
Flag Rnk 258 / 1212
2022
Origin $176M Australia
2021 - 2022
FASTEST GROWING ORIGIN $176MAustralia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $126M in Nickel Powder, making it the 5th largest exporter of Nickel Powder in the world. At the same year, Nickel Powder was the 846th most exported product in China. The main destination of Nickel Powder exports from China are: South Korea ($73.3M), Japan ($13.4M), Belgium ($7.95M), Canada ($7.1M), and Chinese Taipei ($5.05M).

The fastest growing export markets for Nickel Powder of China between 2021 and 2022 were Belgium ($3.74M), Japan ($2.62M), and Italy ($2.37M).

Imports In 2022, China imported $806M in Nickel Powder, becoming the 1st largest importer of Nickel Powder in the world. At the same year, Nickel Powder was the 258th most imported product in China. China imports Nickel Powder primarily from: Australia ($570M), Finland ($53.7M), Canada ($50.5M), United Kingdom ($41.4M), and Russia ($40.5M).

The fastest growing import markets in Nickel Powder for China between 2021 and 2022 were Australia ($176M), Finland ($35.5M), and Russia ($26.8M).

COMPANIES In 2023, leading companies such as Cinmar (2) were at the forefront of shipping Nickel Powder from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Nickel Powder exports accounted up to $11.7M and imports accounted up to $7M, resulting in a positive trade balance of $4.7M. Between July 2023 and July 2024 the exports of China's   Nickel Powder have increased by $3.73M (46.8%) from $7.97M to $11.7M, while imports decreased by $-5.4M (-43.5%) from $12.4M to $7M.

Destinations In July 2024, Nickel Powder were exported mostly to South Korea ($7.94M), Japan ($1.46M), Chinese Taipei ($901k), Canada ($580k), and Turkey ($180k), and were imported mostly from Russia ($1.51M), United Kingdom ($1.5M), United States ($1.26M), Germany ($849k), and Canada ($731k).

Growth In July 2024, the increase in Nickel Powder's year-by-year exports was explained primarily by an increase in exports to Japan ($585k or 67.9%), Italy ($72.5k or 801%), and Thailand ($71.3k or 3.34k%). In July 2024, the decrease in Nickel Powder's year-by-year imports was explained primarily by a decrease in imports from Australia ($-55M or -51.2%), Canada ($-6.68M or -61.7%), and United Kingdom ($-1.27M or -37.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$3.73M(46.8%)
IMPORT GROWTH (July 2023 - July 2024)$-5.4M(-43.5%)
MAIN EXPORTER (July 2024)Zhejiang Province$9.96M
MAIN DESTINATION (July 2024)South Korea$7.94M

This section shows Nickel Powder's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Nickel Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$126M
IMPORTS (2022)$806M
NET TRADE (2022)-$679M

In 2022, China exported $126M in Nickel Powder. The main destinations of China exports on Nickel Powder were South Korea ($73.3M), Japan ($13.4M), Belgium ($7.95M), Canada ($7.1M), and Chinese Taipei ($5.05M).

In 2022, China imported $806M in Nickel Powder, mainly from Australia ($570M), Finland ($53.7M), Canada ($50.5M), United Kingdom ($41.4M), and Russia ($40.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Powder EXPORT MARKETS FOR China WERE (2021 - 2022):
Belgium$3.74M (88.9%)
Japan$2.62M (24.4%)
Italy$2.37M (1.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Powder BY China WERE (2021 - 2022):
South Korea-$22.8M (-23.8%)
Chinese Taipei-$4.51M (-47.2%)
Sweden-$2.37M (-45.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Nickel Powder were:
Australia $819M
Canada $510M
United Kingdom $237M
In 2022, China's main importing competitors in Nickel Powder were:
South Korea $432M
United States $325M

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Trade Value of Nickel Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $3.22M
TOP IMPORT POTENTIALRussia+ $12.7M

Nickel Powder’s highest export potential is Japan. With an export gap of $3.22M.   Nickel Powder’s highest import potential is Russia with an import gap of $12.7M.

See methodology.

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