2022
Exports
$3.2MWorld Rnk 36 / 97
Flag Rnk 709 / 1208
2022
PRODUCT COMPLEXITY IN Scrap Nickel
-0.18Rnk 609 / 1025
2022
Imports
$22.6MWorld Rnk 11 / 77
Flag Rnk 653 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $3.2M in Scrap Nickel, making it the 36th largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 709th most exported product in Australia. The main destination of Scrap Nickel exports from Australia are: United Kingdom ($1.25M), United States ($988k), Netherlands ($271k), Japan ($246k), and Singapore ($186k).

The fastest growing export markets for Scrap Nickel of Australia between 2021 and 2022 were United Kingdom ($336k), Japan ($217k), and Malaysia ($112k).

Imports In 2022, Australia imported $22.6M in Scrap Nickel, becoming the 11th largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 653rd most imported product in Australia. Australia imports Scrap Nickel primarily from: United Kingdom ($16.3M), United States ($2.73M), Italy ($1.48M), Chinese Taipei ($1.39M), and China ($554k).

The fastest growing import markets in Scrap Nickel for Australia between 2021 and 2022 were United Kingdom ($10.4M), Chinese Taipei ($1.39M), and Italy ($1.35M).

Latest Trends

Oct 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 Scrap 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 (2022)$3.2M
IMPORTS (2022)$22.6M
NET TRADE (2022)-$19.4M

In 2022, Australia exported $3.2M in Scrap Nickel. The main destinations of Australia exports on Scrap Nickel were United Kingdom ($1.25M), United States ($988k), Netherlands ($271k), Japan ($246k), and Singapore ($186k).

In 2022, Australia imported $22.6M in Scrap Nickel, mainly from United Kingdom ($16.3M), United States ($2.73M), Italy ($1.48M), Chinese Taipei ($1.39M), and China ($554k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United Kingdom$336k (36.6%)
Japan$217k (743%)
Malaysia$112k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY Australia WERE (2021 - 2022):
United States-$3.14M (-76.1%)
Germany-$1.33M (-100%)
India-$142k (-91.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Scrap Nickel were:
In 2022, Australia's main importing competitors in Scrap Nickel were:

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $478k
TOP IMPORT POTENTIALChina+ $349k

Scrap Nickel’s highest export potential is United States. With an export gap of $478k.   Scrap Nickel’s highest import potential is China with an import gap of $349k.

See methodology.

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