2023
Exports
$1.78BWorld Rnk 4 / 80
Flag Rnk 19 / 1200
2023
PRODUCT COMPLEXITY IN Raw Nickel
-0.34Rnk 650 / 1025
2023
Imports
$313kWorld Rnk 78 / 119
Flag Rnk 1088 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $1.78B in Raw Nickel, making it the 4th largest exporter of Raw Nickel in the world. At the same year, Raw Nickel was the 19th most exported product in Russia. The main destination of Raw Nickel exports from Russia are: China ($874M), Germany ($282M), India ($150M), Chinese Taipei ($122M), and Netherlands ($112M).

The fastest growing export markets for Raw Nickel of Russia between 2022 and 2023 were India ($90.1M), Chinese Taipei ($65.7M), and Singapore ($24.1M).

Imports In 2023, Russia imported $313k in Raw Nickel, becoming the 78th largest importer of Raw Nickel in the world. At the same year, Raw Nickel was the 1088th most imported product in Russia. Russia imports Raw Nickel primarily from: Poland ($169k), Austria ($56.2k), Estonia ($37.2k), United Arab Emirates ($29.4k), and Lithuania ($13.1k).

The fastest growing import markets in Raw Nickel for Russia between 2022 and 2023 were Poland ($168k), Estonia ($37.2k), and Austria ($31k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Raw Nickel. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.78B
IMPORTS (2023)$313k
NET TRADE (2023)$1.78B

In 2023, Russia exported $1.78B in Raw Nickel. The main destinations of Russia exports on Raw Nickel were China ($874M), Germany ($282M), India ($150M), Chinese Taipei ($122M), and Netherlands ($112M).

In 2023, Russia imported $313k in Raw Nickel, mainly from Poland ($169k), Austria ($56.2k), Estonia ($37.2k), United Arab Emirates ($29.4k), and Lithuania ($13.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Nickel EXPORT MARKETS FOR Russia WERE (2022 - 2023):
India$90.1M (149%)
Chinese Taipei$65.7M (117%)
Singapore$24.1M (63.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Nickel BY Russia WERE (2022 - 2023):
Germany-$375M (-57.1%)
United States-$248M (-92.9%)
China-$240M (-21.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Raw Nickel were:
Canada $2.42B
Norway $2.13B
In 2023, Russia's main importing competitors in Raw Nickel were:

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Trade Value of Raw Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $157M
TOP IMPORT POTENTIALUnited States+ $241k

Raw Nickel’s highest export potential is China. With an export gap of $157M.   Raw Nickel’s highest import potential is United States with an import gap of $241k.

See methodology.

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