75 - Nickel and articles thereof (HS 75)
- Global exports of Nickel and articles thereof reached $36.3B in 2024.
- Global imports totaled $38.8B in the same year.
- Indonesia was the top exporter, accounting for 22.1% of the world's total with a value of $8.0B.
- China was the largest importer, receiving 27.3% of global imports, valued at $10.6B.
- The United States was the second-largest exporter ($4.4B, 12.0%) and second-largest importer ($3.6B, 9.3%).
- Canada ranked as the third-largest exporter with shipments valued at $3.2B.
Global Exports Profile
In 2024, the total value of global exports for Nickel and articles thereof (HS2 75) was $36.3B. The leading exporting country was Indonesia, with exports valued at $8.0B, making up 22.1% of the global total. The United States followed as the second-largest exporter with $4.4B in exports, and Canada was third with $3.2B.
Top Importers Analysis
On the import side, global trade in nickel products amounted to $38.8B in 2024. China was the dominant importer, with purchases totaling $10.6B, which represents 27.3% of the world's imports. The United States was the second-largest importer with $3.6B, ahead of Japan, which imported $3.3B worth of nickel and related articles.
Sub-product Composition
The trade of nickel is composed of various sub-products. In 2024, 'Unwrought Nickel' (HS4 7502) represented the largest share of exports at $11.2B, while 'Nickel mattes and intermediate products' (HS4 7501) was the largest component of imports, valued at $13.1B.
- Indonesia is the top exporter (22.1% of reported exports).
- China is the top importer (27.3% of reported imports).
- Top 3 exporter concentration: 42.8%.
- Top 5 exporter concentration: 57.1%.
Nickel and articles thereof - product groups (4-digit) by top countries (Exports), 2024 (USD)
Nickel and articles thereof - country rank by trade value (Exports), 2015-2024 (USD)
Global export trend
Nickel and articles thereof - exports over time (Exports), 2015-2024 (USD)
HS4 drilldown
Nickel and articles thereof - top 4-digit product groups by export share (Exports), 2024 (USD)
| HS4 | Subcategory | Value | Share |
|---|---|---|---|
| 7502 | Nickel; unwrought | $11.23B | 31.0% |
| 7501 | Nickel mattes; nickel oxide sin… | $10.54B | 29.1% |
| 7505 | Nickel; bars, rods, profiles an… | $4.90B | 13.5% |
| 7508 | Nickel; articles thereof n.e.c.… | $3.51B | 9.7% |
| 7506 | Nickel; plates, sheets, strip a… | $1.92B | 5.3% |
| 7507 | Nickel; tubes, pipes and tube o… | $1.71B | 4.7% |
| 7503 | Nickel; waste and scrap | $1.19B | 3.3% |
| 7504 | Nickel; powders and flakes | $1.07B | 2.9% |
| HS4 | Subcategory | CAGR | 2024 value |
|---|---|---|---|
| 7501 | Nickel mattes; nickel oxide sin… | 15.1% | $10.54B |
| 7507 | Nickel; tubes, pipes and tube o… | 8.7% | $1.71B |
| 7505 | Nickel; bars, rods, profiles an… | 8.5% | $4.90B |
| 7508 | Nickel; articles thereof n.e.c.… | 8.2% | $3.51B |
| 7506 | Nickel; plates, sheets, strip a… | 7.0% | $1.92B |
| 7504 | Nickel; powders and flakes | 2.4% | $1.07B |
| 7502 | Nickel; unwrought | 1.2% | $11.23B |
| 7503 | Nickel; waste and scrap | 0.9% | $1.19B |
Nickel and articles thereof - top 4-digit product groups by import share (Imports), 2024 (USD)
| HS4 | Subcategory | Value | Share |
|---|---|---|---|
| 7501 | Nickel mattes; nickel oxide sin… | $13.07B | 33.7% |
| 7502 | Nickel; unwrought | $11.42B | 29.4% |
| 7505 | Nickel; bars, rods, profiles an… | $4.81B | 12.4% |
| 7508 | Nickel; articles thereof n.e.c.… | $3.43B | 8.8% |
| 7506 | Nickel; plates, sheets, strip a… | $1.96B | 5.1% |
| 7507 | Nickel; tubes, pipes and tube o… | $1.55B | 4.0% |
| 7503 | Nickel; waste and scrap | $1.24B | 3.2% |
| 7504 | Nickel; powders and flakes | $1.15B | 3.0% |
| HS4 | Subcategory | CAGR | 2024 value |
|---|---|---|---|
| 7501 | Nickel mattes; nickel oxide sin… | 14.8% | $13.07B |
| 7508 | Nickel; articles thereof n.e.c.… | 8.1% | $3.43B |
| 7505 | Nickel; bars, rods, profiles an… | 7.2% | $4.81B |
| 7506 | Nickel; plates, sheets, strip a… | 5.7% | $1.96B |
| 7503 | Nickel; waste and scrap | 5.5% | $1.24B |
| 7507 | Nickel; tubes, pipes and tube o… | 3.6% | $1.55B |
| 7502 | Nickel; unwrought | 1.0% | $11.42B |
| 7504 | Nickel; powders and flakes | -2.3% | $1.15B |
Explore country profiles
Top trade routes
| Exporter | Importer | Value | Share of exports |
|---|---|---|---|
| Indonesia (IDN) | China (CHN) | $6.26B | 17.3% |
| Indonesia (IDN) | Japan (JPN) | $1.05B | 2.9% |
| Canada (CAN) | USA (USA) | $1.02B | 2.8% |
| Zimbabwe (ZWE) | South Africa (ZAF) | $984.67M | 2.7% |
| Canada (CAN) | Norway (NOR) | $890.29M | 2.5% |
| Norway (NOR) | Netherlands (NLD) | $826.01M | 2.3% |
| China (CHN) | Rep. of Korea (KOR) | $795.23M | 2.2% |
| USA (USA) | China (CHN) | $557.97M | 1.5% |
| USA (USA) | Mexico (MEX) | $492.98M | 1.4% |
| USA (USA) | United Kingdom (GBR) | $457.98M | 1.3% |
| USA (USA) | France (FRA) | $417.35M | 1.2% |
| Finland (FIN) | Norway (NOR) | $407.42M | 1.1% |
| Philippines (PHL) | Japan (JPN) | $378.62M | 1.0% |
| Finland (FIN) | Netherlands (NLD) | $375.84M | 1.0% |
| USA (USA) | Canada (CAN) | $364.58M | 1.0% |