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2022
Exports $218MWorld Rnk 1 / 97
Flag Rnk 258 / 1216
2022
Destination $62MN/A
2021 - 2022
FASTEST GROWING MARKET $62MUnited States
2022
PRODUCT COMPLEXITY IN Scrap Nickel-0.18Rnk 609 / 1025
2022
Imports $181MWorld Rnk 3 / 77
Flag Rnk 465 / 1214
2022
Origin $11.6M Germany
2021 - 2022
FASTEST GROWING ORIGIN $11.6MGermany
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

The fastest growing export markets for Scrap Nickel of United Kingdom between 2021 and 2022 were United States ($62M), Japan ($17.7M), and Australia ($10.4M).

Imports In 2022, United Kingdom imported $181M in Scrap Nickel, becoming the 3rd largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 465th most imported product in United Kingdom. United Kingdom imports Scrap Nickel primarily from: Germany ($23.1M), France ($18.5M), United States ($14M), Singapore ($13.7M), and Italy ($13.6M).

The fastest growing import markets in Scrap Nickel for United Kingdom between 2021 and 2022 were Germany ($11.6M), China ($9.61M), and France ($7.81M).

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Scrap Nickel exports accounted up to £9.48M and imports accounted up to £8.34M, resulting in a positive trade balance of £1.14M. Between October 2023 and October 2024 the exports of United Kingdom's   Scrap Nickel have decreased by £-2.46M (-20.6%) from £11.9M to £9.48M, while imports decreased by £-3.81M (-31.4%) from £12.1M to £8.34M.

Destinations In October 2024, Scrap Nickel were exported mostly to United States (£4.69M), Austria (£1.43M), Germany (£660k), Sweden (£629k), and Chinese Taipei (£575k), and were imported mostly from France (£1.57M), Netherlands (£1.07M), India (£903k), Germany (£804k), and Czechia (£510k).

Growth In October 2024, the decrease in Scrap Nickel's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Scrap Nickel's year-by-year imports was explained primarily by a decrease in imports from United States (£-353k or -22.2%), Egypt (£-235k or -94.5%), and Turkey (£-154k or -92.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-2.46M(-20.6%)
IMPORT GROWTH (October 2023 - October 2024)£-3.81M(-31.4%)
MAIN EXPORTER (October 2024)Southampton£7.09M
MAIN DESTINATION (October 2024)United States£4.69M

This section shows Scrap 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 Scrap Nickel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$218M
IMPORTS (2022)$181M
NET TRADE (2022)$36.8M

In 2022, United Kingdom imported $181M in Scrap Nickel, mainly from Germany ($23.1M), France ($18.5M), United States ($14M), Singapore ($13.7M), and Italy ($13.6M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$62M (112%)
Japan$17.7M (139%)
Australia$10.4M (174%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY United Kingdom WERE (2021 - 2022):
Italy-$2.54M (-90.8%)
South Korea-$2.35M (-100%)
China-$1.8M (-96.4%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Scrap Nickel were:
United States $130M
Germany $114M
In 2022, United Kingdom's main importing competitors in Scrap Nickel were:
United States $399M
Japan $196M

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.7M
TOP IMPORT POTENTIALRussia+ $1.23M

Scrap Nickel’s highest export potential is Germany. With an export gap of $3.7M.   Scrap Nickel’s highest import potential is Russia with an import gap of $1.23M.

See methodology.

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