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Nickel ores and concentrates

2604 (Harmonized System 1992 for 4-digit)

2023
World Trade $4.8BRnk 555 / 1217
2023
Top Exporter | Top Importer $2.01B | $3.3BPhilippines | China
2023
Product Complexity -2.02Rnk 1013 / 1044
2022 - 2023
Export Growth (CAGR) -3.04%Rnk 504 / 1217
2023
Share of World Trade 0.021%Rnk 555 / 1217

About

Overview This page contains the latest trade data of Nickel Ore. In 2023, Nickel Ore were the world's 555th most traded product, with a total trade of $4.8B. Between 2022 and 2023 the exports of Nickel Ore decreased by -3.04%, from $4.95B to $4.8B. Trade in Nickel Ore represent 0.021% of total world trade.

Nickel Ore are a part of Ores, slag and ash. They include Nickel ores and concentrates.

Exports In 2023 the top exporters of Nickel Ore  were Philippines ($2.01B), New Caledonia ($408M), Australia ($398M), Russia ($371M), and United States ($363M).

Imports In 2023 the top importers of Nickel Ore were China ($3.3B), Canada ($889M), Finland ($232M), Japan ($107M), and Switzerland ($86.5M).

Ranking Nickel Ore ranks 1013th 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 Ore. 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)Philippines$2.01B
Top Destination (2023)China$3.3B

In 2023 Nickel Ore were the world's 555th most traded product (out of 1,217).

In 2023, the top exporters of Nickel Ore were Philippines ($2.01B), New Caledonia ($408M), Australia ($398M), Russia ($371M), and United States ($363M).

In 2023, the top importers of Nickel Ore were China ($3.3B), Canada ($889M), Finland ($232M), Japan ($107M), and Switzerland ($86.5M).

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

Color
Top Origin Growth (2022 -  2023)Philippines$720M
Top Destination Growth (2022 -  2023)Canada$373M

Between 2022 and 2023, the exports of Nickel Ore grew the fastest in Philippines ($720M), Switzerland ($60.6M), South Africa ($43.9M), Vietnam ($38.1M), and United States ($36.3M).

Between 2022 and 2023, the fastest growing importers of Nickel Ore were Canada ($373M), China ($120M), Namibia ($45.9M), Indonesia ($13.8M), and Panama ($6.68M).

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Exporters of Nickel Ore (2022 - 2023)

Importers of Nickel Ore (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.08. This means that most of the exports of Nickel Ore are explained by 8 countries.

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Value of Exports in Nickel Ore

Net Trade

TOP NET EXPORTER (2023)Philippines$2.01B
TOP NET IMPORTER (2023)China$3.3B

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

In 2023, the countries that had a largest trade value in exports than in imports of Nickel Ore were Philippines ($2.01B), New Caledonia ($408M), Australia ($393M), Russia ($371M), and United States ($362M).

In 2023, the countries that had a largest trade value in imports than in exports of Nickel Ore were China ($3.3B), Canada ($830M), Japan ($107M), Namibia ($27.8M), and North Macedonia ($23.9M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALSouth Korea+ $3.58M
TOP IMPORT POTENTIALZambia+ $1.7k

Nickel Ore’s highest export potential is South Korea. With an export gap of $3.58M.  Nickel Ore’s highest import potential is Zambia with an import gap of $1.7k.

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)

Related Products

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

Country by Relatedness

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

Relative Relatedness by Country (2023)

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