2018
Exports
$7.16MWorld Rnk 29 / 107
Flag Rnk 552 / 1200
2023
PRODUCT COMPLEXITY IN Scrap Nickel
-0.13Rnk 601 / 1025
2018
Imports
$5.92MWorld Rnk 19 / 69
Flag Rnk 837 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2018, Russia exported $7.16M in Scrap Nickel, making it the 29th largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 552nd most exported product in Russia. The main destination of Scrap Nickel exports from Russia are: United States ($3.55M), Japan ($1.57M), Estonia ($1.39M), Germany ($519k), and Latvia ($82.7k).

The fastest growing export markets for Scrap Nickel of Russia between 2022 and 2023 were Latvia ($19.6k) and Czechia ($3.85k).

Imports In 2023, Russia imported $5.92M in Scrap Nickel, becoming the 19th largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 837th most imported product in Russia. Russia imports Scrap Nickel primarily from: Germany ($5.71M), Estonia ($150k), and Kyrgyzstan ($62.2k).

The fastest growing import markets in Scrap Nickel for Russia between 2022 and 2023 were Germany ($922k), Estonia ($150k), and Kyrgyzstan ($62.2k).

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 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 (2023)$7.16M
IMPORTS (2023)$5.92M
NET TRADE (2023)$1.23M

In 2023, Russia exported $7.16M in Scrap Nickel. The main destinations of Russia exports on Scrap Nickel were United States ($3.55M), Japan ($1.57M), Estonia ($1.39M), Germany ($519k), and Latvia ($82.7k).

In 2023, Russia imported $5.92M in Scrap Nickel, mainly from Germany ($5.71M), Estonia ($150k), and Kyrgyzstan ($62.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Latvia$19.6k (31.2%)
Czechia$3.85k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY Russia WERE (2022 - 2023):
United States-$42M (-92.2%)
Japan-$7.27M (-82.2%)
United Kingdom-$1.44M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Scrap Nickel were:
In 2023, Russia's main importing competitors in Scrap Nickel were:

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $1.23M
TOP IMPORT POTENTIALBolivia+ $10.9k

Scrap Nickel’s highest export potential is United Kingdom. With an export gap of $1.23M.   Scrap Nickel’s highest import potential is Bolivia with an import gap of $10.9k.

See methodology.

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