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2022
Exports $754MWorld Rnk 9 / 81
Flag Rnk 98 / 1216
2022
Destination $31.7M Belgium
2021 - 2022
FASTEST GROWING MARKET $31.7MJapan
2022
PRODUCT COMPLEXITY IN Raw Nickel-0.24Rnk 629 / 1025
2022
Imports $368MWorld Rnk 13 / 123
Flag Rnk 322 / 1214
2022
Origin $47.5M Norway
2021 - 2022
FASTEST GROWING ORIGIN $47.5MAustralia
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $754M in Raw Nickel, making it the 9th largest exporter of Raw Nickel in the world. At the same year, Raw Nickel was the 98th most exported product in United Kingdom. The main destination of Raw Nickel exports from United Kingdom are: Belgium ($121M), Germany ($103M), China ($102M), Japan ($76.8M), and United States ($43.6M).

The fastest growing export markets for Raw Nickel of United Kingdom between 2021 and 2022 were Japan ($31.7M), Germany ($31.1M), and United States ($22.6M).

Imports In 2022, United Kingdom imported $368M in Raw Nickel, becoming the 13th largest importer of Raw Nickel in the world. At the same year, Raw Nickel was the 322nd most imported product in United Kingdom. United Kingdom imports Raw Nickel primarily from: Norway ($83.8M), Australia ($75.4M), Finland ($39.8M), Canada ($33.3M), and United States ($30.4M).

The fastest growing import markets in Raw Nickel for United Kingdom between 2021 and 2022 were Australia ($47.5M), Canada ($28.4M), and Russia ($27.1M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Raw Nickel exports accounted up to £57M and imports accounted up to £8.04M, resulting in a positive trade balance of £48.9M. Between September 2023 and September 2024 the exports of United Kingdom's   Raw Nickel have increased by £1.79M (3.25%) from £55.2M to £57M, while imports decreased by £-9.38M (-53.9%) from £17.4M to £8.04M.

Destinations In September 2024, Raw Nickel were exported mostly to Belgium (£10.7M), China (£6.95M), Sweden (£6.68M), Netherlands (£6.05M), and United States (£5.71M), and were imported mostly from Norway (£2.93M), United States (£2.68M), Australia (£827k), Netherlands (£567k), and South Africa (£368k).

Growth In September 2024, the increase in Raw Nickel's year-by-year exports was explained primarily by an increase in exports to United States (£3.8M or 1.53k%), Germany (£1.62M or 49.9%), and Belgium (£1.5M or 28.4%). In September 2024, the decrease in Raw Nickel's year-by-year imports was explained primarily by a decrease in imports from Finland (£-299k or -15.6%) and Germany (£-147k or -82.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£1.79M(3.25%)
IMPORT GROWTH (September 2023 - September 2024)£-9.38M(-53.9%)
MAIN EXPORTER (September 2024)Dover Eurotunnel£22.8M
MAIN DESTINATION (September 2024)Belgium£10.7M

This section shows Raw Nickel's exports and imports data at subnational level for United Kingdom. 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 Raw Nickel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$754M
IMPORTS (2022)$368M
NET TRADE (2022)$386M

In 2022, United Kingdom exported $754M in Raw Nickel. The main destinations of United Kingdom exports on Raw Nickel were Belgium ($121M), Germany ($103M), China ($102M), Japan ($76.8M), and United States ($43.6M).

In 2022, United Kingdom imported $368M in Raw Nickel, mainly from Norway ($83.8M), Australia ($75.4M), Finland ($39.8M), Canada ($33.3M), and United States ($30.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Nickel EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Japan$31.7M (70.5%)
Germany$31.1M (43.3%)
United States$22.6M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Nickel BY United Kingdom WERE (2021 - 2022):
Sweden-$15.9M (-34.1%)
Pakistan-$3.41M (-94.4%)
Belgium-$2.85M (-2.31%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Raw Nickel were:
Australia $3.19B
Canada $2.78B
Russia $2.74B
In 2022, United Kingdom's main importing competitors in Raw Nickel were:
China $4.04B
United States $2.45B
Netherlands $2.21B

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Trade Value of Raw Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35.2M
TOP IMPORT POTENTIALRussia+ $15.4M

Raw Nickel’s highest export potential is China. With an export gap of $35.2M.   Raw Nickel’s highest import potential is Russia with an import gap of $15.4M.

See methodology.

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