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260400 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.8BRnk 768 / 4644
2023
Top Exporter | Top Importer $2.01B | $3.3BPhilippines | China
2023
Product Complexity -1.86Rnk 4468 / 4656
2022 - 2023
Export Growth (CAGR) -3.04%Rnk 1861 / 4644
2023
Share of World Trade 0.021%Rnk 768 / 4644

About

Overview This page contains the latest trade data of Nickel ores and concentrates. In 2023, Nickel ores and concentrates were the world's 768th most traded product, with a total trade of $4.8B. Between 2022 and 2023 the exports of Nickel ores and concentrates decreased by -3.04%, from $4.95B to $4.8B. Trade in Nickel ores and concentrates represent 0.021% of total world trade.

Nickel ores and concentrates are a part of Nickel Ore.

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

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

Ranking Nickel ores and concentrates ranks 4468th in the Product Complexity Index (PCI).

Description Nickel ores and concentrates are used in the production of stainless steel, heat-resistant steel, and other alloys. It is also a component in the manufacture of nickel-cadmium batteries.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Nickel ores and concentrates. 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 ores and concentrates were the world's 768th most traded product (out of 4,644).

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

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

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Exporters of Nickel ores and concentrates (2023)
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Importers of Nickel ores and concentrates (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 ores and concentrates 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 ores and concentrates were Canada ($373M), China ($120M), Namibia ($45.9M), Indonesia ($13.8M), and Panama ($6.68M).

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Exporters of Nickel ores and concentrates (2022 - 2023)

Importers of Nickel ores and concentrates (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nickel ores and concentrates.

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

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Value of Exports in Nickel ores and concentrates

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 ores and concentrates. Each country is colored based on the difference in exports and imports of Nickel ores and concentrates during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Nickel ores and concentrates 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 ores and concentrates 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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Ranking

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

Top 10 Exporters Countries of Nickel ores and concentrates by percentage of total exports

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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