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Pricing

Nickel; powders and flakes

7504 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.55BRnk 827 / 1217
2023
Top Exporter | Top Importer $352M | $357MCanada | China
2023
Product Complexity -0.31Rnk 660 / 1044
2022 - 2023
Export Growth (CAGR) -35.4%Rnk 1179 / 1217
2023
Share of World Trade 0.0069%Rnk 827 / 1217

About

Overview This page contains the latest trade data of Nickel Powder. In 2023, Nickel Powder were the world's 827th most traded product, with a total trade of $1.55B. Between 2022 and 2023 the exports of Nickel Powder decreased by -35.4%, from $2.4B to $1.55B. Trade in Nickel Powder represent 0.0069% of total world trade.

Nickel Powder are a part of Nickel articles. They include Nickel powders and flakes.

Exports In 2023 the top exporters of Nickel Powder  were Canada ($352M), Australia ($339M), United Kingdom ($183M), United States ($110M), and Japan ($107M).

Imports In 2023 the top importers of Nickel Powder were China ($357M), United States ($215M), South Korea ($170M), Japan ($157M), and Chinese Taipei ($143M).

Ranking Nickel Powder ranks 660th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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

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

Explore Latest Trends

* 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)Canada$352M
Top Destination (2023)China$357M

In 2023 Nickel Powder were the world's 827th most traded product (out of 1,217).

In 2023, the top exporters of Nickel Powder were Canada ($352M), Australia ($339M), United Kingdom ($183M), United States ($110M), and Japan ($107M).

In 2023, the top importers of Nickel Powder were China ($357M), United States ($215M), South Korea ($170M), Japan ($157M), and Chinese Taipei ($143M).

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

Color
Top Origin Growth (2022 -  2023)Chinese Taipei$14.9M
Top Destination Growth (2022 -  2023)Chinese Taipei$57.4M

Between 2022 and 2023, the exports of Nickel Powder grew the fastest in Chinese Taipei ($14.9M), India ($13.3M), Philippines ($10.4M), United States ($8.55M), and Denmark ($5.44M).

Between 2022 and 2023, the fastest growing importers of Nickel Powder were Chinese Taipei ($57.4M), Netherlands ($15M), Mexico ($3.43M), United Kingdom ($3.26M), and Sweden ($3.1M).

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Exporters of Nickel Powder (2022 - 2023)

Importers of Nickel Powder (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.48. This means that most of the exports of Nickel Powder are explained by 11 countries.

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Value of Exports in Nickel Powder

Net Trade

TOP NET EXPORTER (2023)Australia$337M
TOP NET IMPORTER (2023)China$263M

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

In 2023, the countries that had a largest trade value in exports than in imports of Nickel Powder were Australia ($337M), Canada ($311M), United Kingdom ($161M), Russia ($51M), and Finland ($50M).

In 2023, the countries that had a largest trade value in imports than in exports of Nickel Powder were China ($263M), South Korea ($169M), Chinese Taipei ($128M), United States ($105M), and Japan ($49.5M).

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 Powder.
It is possible to select the main countries that export or import Nickel Powder in the world, or by continent, as well as select the measure of interest.

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $6.48M
TOP IMPORT POTENTIALCanada+ $189k

Nickel Powder’s highest export potential is United States. With an export gap of $6.48M.  Nickel Powder’s highest import potential is Canada with an import gap of $189k.

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)

Country by Relatedness

The following visualization shows the relatedness of Nickel Powder 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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