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2023
Exports $165MWorld Rnk 2 / 107
Flag Rnk 609 / 1217
2023
Destination $27.7M Canada
2022 - 2023
FASTEST GROWING MARKET $27.7MCanada
2023
PRODUCT COMPLEXITY IN Scrap Nickel-0.13Rnk 601 / 1025
2023
Imports $480MWorld Rnk 1 / 69
Flag Rnk 530 / 1215
2023
Origin $34.4M United Kingdom
2022 - 2023
FASTEST GROWING ORIGIN $34.4MSingapore
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $165M in Scrap Nickel, making it the 2nd largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 609th most exported product in United States. The main destination of Scrap Nickel exports from United States are: Canada ($87.8M), Japan ($24.4M), Sweden ($12.1M), United Kingdom ($11.4M), and Australia ($6.19M).

The fastest growing export markets for Scrap Nickel of United States between 2022 and 2023 were Canada ($27.7M), Australia ($6.01M), and India ($4.89M).

Imports In 2023, United States imported $480M in Scrap Nickel, becoming the 1st largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 530th most imported product in United States. United States imports Scrap Nickel primarily from: United Kingdom ($124M), Canada ($80.1M), Singapore ($57M), Mexico ($55.8M), and China ($29.9M).

The fastest growing import markets in Scrap Nickel for United States between 2022 and 2023 were Singapore ($34.4M), Canada ($25.6M), and Mexico ($17M).

COMPANIES In 2023, leading companies such as Disney Cruise Line (1) were at the forefront of shipping Scrap Nickel to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Scrap Nickel exports accounted up to $12.7M and imports accounted up to $30.4M, resulting in a negative trade balance of $17.6M. Between November 2023 and November 2024 the exports of United States'   Scrap Nickel have decreased by $-50.4k (-0.39%) from $12.8M to $12.7M, while imports increased by $279k (0.93%) from $30.1M to $30.4M.

Destinations In November 2024, Scrap Nickel were exported mostly to Canada ($5.58M), Japan ($2.49M), Singapore ($1.95M), Australia ($552k), and Chinese Taipei ($473k), and were imported mostly from United Kingdom ($8.6M), Canada ($6.19M), Mexico ($3.14M), France ($2.53M), and Singapore ($1.56M).

Growth In November 2024, the decrease in Scrap Nickel's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-833k or -97.9%). In November 2024, the increase in Scrap Nickel's year-by-year imports was explained primarily by an increase in imports from Canada ($3.65M or 120%), Singapore ($3.54M or 348%), and Russia ($2.27M or 183%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-50.4k(-0.39%)
IMPORT GROWTH (November 2023 - November 2024)$279k(0.93%)
MAIN EXPORTER (November 2024)Nevada$4.89M
MAIN DESTINATION (November 2024)Canada$5.58M

This section shows Scrap Nickel's exports and imports data at subnational level for United States. 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 (2023)$165M
IMPORTS (2023)$480M
NET TRADE (2023)-$315M

In 2023, United States exported $165M in Scrap Nickel. The main destinations of United States exports on Scrap Nickel were Canada ($87.8M), Japan ($24.4M), Sweden ($12.1M), United Kingdom ($11.4M), and Australia ($6.19M).

In 2023, United States imported $480M in Scrap Nickel, mainly from United Kingdom ($124M), Canada ($80.1M), Singapore ($57M), Mexico ($55.8M), and China ($29.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$27.7M (46.1%)
Australia$6.01M (3.39k%)
India$4.89M (858%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY United States WERE (2022 - 2023):
Japan-$19.3M (-44.1%)
Malaysia-$4.41M (-64.3%)
United Kingdom-$2.89M (-20.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Scrap Nickel were:
United Kingdom $209M
Germany $164M
In 2023, United States's main importing competitors in Scrap Nickel were:
United Kingdom $185M
Japan $148M

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.78M
TOP IMPORT POTENTIALCanada+ $8.69M

Scrap Nickel’s highest export potential is Germany. With an export gap of $1.78M.   Scrap Nickel’s highest import potential is Canada with an import gap of $8.69M.

See methodology.

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