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Nickel; bars, rods, profiles and wire

7505 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.64BRnk 635 / 1218
2022
Top Exporter | Top Importer $976M | $540MUnited States | United States
2022
Product Complexity 1.14Rnk 129 / 1033
2021 - 2022
Export Growth (CAGR) 40.1%Rnk 46 / 1218
2022
Share of World Trade 0.015%Rnk 635 / 1218

About

Overview This page contains the latest trade data of Nickel Bars. In 2022, Nickel Bars were the world's 635th most traded product, with a total trade of $3.64B. Between 2021 and 2022 the exports of Nickel Bars grew by 40.1%, from $2.6B to $3.64B. Trade in Nickel Bars represent 0.015% of total world trade.

Nickel Bars are a part of Nickel articles. They include Bars, rods and profiles, nickel alloy, Wire, nickel alloy, Bars, rods and profiles, nickel, not alloyed, and Wire, nickel, not alloyed.

Exports In 2022 the top exporters of Nickel Bars  were United States ($976M), Germany ($530M), France ($397M), Austria ($348M), and Italy ($254M).

Imports In 2022 the top importers of Nickel Bars were United States ($540M), Germany ($390M), China ($337M), United Kingdom ($279M), and Mexico ($250M).

Ranking Nickel Bars ranks 129th in the Product Complexity Index (PCI).

Description Nickel is used in the production of stainless steel, and is also used to make other metals. Nickel can be found in the form of wire, bars, rods, and profiles.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nickel Bars. 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 (2022)United States$976M
Top Destination (2022)United States$540M

In 2022 Nickel Bars were the world's 635th most traded product (out of 1,218).

In 2022, the top exporters of Nickel Bars were United States ($976M), Germany ($530M), France ($397M), Austria ($348M), and Italy ($254M).

In 2022, the top importers of Nickel Bars were United States ($540M), Germany ($390M), China ($337M), United Kingdom ($279M), and Mexico ($250M).

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Exporters of Nickel Bars (2022)
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Importers of Nickel Bars (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$322M
Top Destination Decrease (2021 -  2022)Spain-$4.43M

Between 2021 and 2022, the exports of Nickel Bars grew the fastest in United States ($322M), Germany ($147M), Italy ($118M), France ($106M), and United Kingdom ($91M).

Between 2021 and 2022, the fastest declining importers of Nickel Bars were Spain (-$4.43M), Oman (-$4.28M), Iran (-$3.37M), Russia (-$2.84M), and Costa Rica (-$2.42M).

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Exporters of Nickel Bars (2021 - 2022)

Importers of Nickel Bars (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.63. This means that most of the exports of Nickel Bars are explained by 12 countries.

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Value of Exports in Nickel Bars

Net Trade

TOP NET EXPORTER (2022)United States$436M
TOP NET IMPORTER (2022)Mexico$233M

This map shows which countries export or import more of Nickel Bars. Each country is colored based on the difference in exports and imports of Nickel Bars during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Nickel Bars were United States ($436M), Austria ($220M), France ($155M), Germany ($140M), and Australia ($61.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Nickel Bars were Mexico ($233M), China ($189M), India ($82.7M), Singapore ($79.5M), and South Korea ($68.2M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Nickel Bars, disaggragated by their HS6 level were Bars, rods and profiles, nickel alloy ($2.24B), Wire, nickel alloy ($1.25B), Wire, nickel, not alloyed ($88.5M), and Bars, rods and profiles, nickel, not... ($54.9M)

HS6 Disaggregation for Nickel Bars (2022)
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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 Bars.
It is possible to select the main countries that export or import Nickel Bars in the world, or by continent, as well as select the measure of interest.

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $9.41M
TOP IMPORT POTENTIALChina+ $6.13M

Nickel Bars’s highest export potential is Canada. With an export gap of $9.41M.  Nickel Bars’s highest import potential is China with an import gap of $6.13M.

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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Nickel Bars.

Country by Relatedness

The following visualization shows the relatedness of Nickel Bars to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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