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Nickel and articles thereof

75 (Harmonized System 1992 for 2-digit)

2023
World Trade $46.4BRnk 61 / 96
2023
Top Exporter | Top Importer $7.63B | $11.3BIndonesia | China
2023
Product Complexity -1.33Rnk 89 / 96
2022 - 2023
Export Growth (CAGR) -3.99%Rnk 38 / 96
2023
Share of World Trade 0.21%Rnk 61 / 96

About

Overview This page contains the latest trade data of Nickel articles. In 2023, Nickel articles were the world's 61st most traded product, with a total trade of $46.4B. Between 2022 and 2023 the exports of Nickel articles decreased by -3.99%, from $48.4B to $46.4B. Trade in Nickel articles represent 0.21% of total world trade.

Nickel articles are a part of Metals. They include Raw Nickel, Nickel Mattes, Nickel Bars, Nickel Sheets, Other Nickel Products, Nickel Powder, Nickel Pipes, and Scrap Nickel.

Exports In 2023 the top exporters of Nickel articles  were Indonesia ($7.63B), Canada ($4.68B), United States ($4.11B), Australia ($3.35B), and Russia ($3.15B).

Imports In 2023 the top importers of Nickel articles were China ($11.3B), United States ($4.54B), Japan ($4.13B), Norway ($2.7B), and Germany ($2.43B).

Ranking Nickel articles ranks 89th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Indonesia$7.63B
Top Destination (2023)China$11.3B

In 2023 Nickel articles were the world's 61st most traded product (out of 96).

In 2023, the top exporters of Nickel articles were Indonesia ($7.63B), Canada ($4.68B), United States ($4.11B), Australia ($3.35B), and Russia ($3.15B).

In 2023, the top importers of Nickel articles were China ($11.3B), United States ($4.54B), Japan ($4.13B), Norway ($2.7B), and Germany ($2.43B).

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Exporters of Nickel articles (2023)
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Importers of Nickel articles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Indonesia$1.45B
Top Destination Growth (2022 -  2023)Netherlands$425M

Between 2022 and 2023, the exports of Nickel articles grew the fastest in Indonesia ($1.45B), United States ($950M), China ($436M), Japan ($369M), and France ($334M).

Between 2022 and 2023, the fastest growing importers of Nickel articles were Netherlands ($425M), Italy ($201M), United Kingdom ($178M), India ($105M), and Sweden ($83.2M).

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Exporters of Nickel articles (2022 - 2023)

Importers of Nickel articles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nickel articles.

In 2023, market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Nickel articles are explained by 21 countries.

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Value of Exports in Nickel articles

Net Trade

TOP NET EXPORTER (2023)Indonesia$7.54B
TOP NET IMPORTER (2023)China$10.1B

This map shows which countries export or import more of Nickel articles. Each country is colored based on the difference in exports and imports of Nickel articles during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Nickel articles were Indonesia ($7.54B), Canada ($4.04B), Australia ($3.21B), Russia ($3.09B), and Zimbabwe ($990M).

In 2023, the countries that had a largest trade value in imports than in exports of Nickel articles were China ($10.1B), Japan ($2.6B), South Korea ($1.23B), India ($1.12B), and Italy ($734M).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Nickel articles, disaggragated by their HS6 level were Raw Nickel ($15.9B), Nickel Mattes ($15.7B), Nickel Bars ($4.8B), Other Nickel Products ($3.14B), and Nickel Sheets ($2.36B)

HS6 Disaggregation for Nickel articles (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Nickel articles.
It is possible to select the main countries that export or import Nickel articles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Nickel articles by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALMalaysia+ $26.9M
TOP IMPORT POTENTIALChina+ $3.4M

Nickel articles’s highest export potential is Malaysia. With an export gap of $26.9M.  Nickel articles’s highest import potential is China with an import gap of $3.4M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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