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Who buys Russia’s nickel? Export destinations 2024

In 2024, Russia exported $2 billion of nickel (172 thousand tonnes), 7.4% of the world total. Its main destinations were China (47%), Finland (33%) and Germany (7%). Russia was the world’s 3rd-largest exporter of nickel.

Summary

Value
$2billion
Tonnes
172thousand tonnes
Share of world total
7.4%
World rank
3rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
China968Tonnes: 65,959USD per tonne: $14,67347.5%Land
Finland667Tonnes: 82,449USD per tonne: $8,08632.7%Land
Germany152Tonnes: 8,753USD per tonne: $17,3637.5%Sea
France75.3Tonnes: 4,945USD per tonne: $15,2333.7%Sea
Netherlands re-exports33.9Tonnes: 2,045USD per tonne: $16,5841.7%Sea
Turkey31.8Tonnes: 1,736USD per tonne: $18,3201.6%Sea
India28.8Tonnes: 1,836USD per tonne: $15,6681.4%Sea
Brazil26.7Tonnes: 1,484USD per tonne: $18,0061.3%Sea
Czechia25.1Tonnes: 1,498USD per tonne: $16,7461.2%Sea
Taiwan8.7Tonnes: 505USD per tonne: $17,1870.43%Sea
Austria7.2Tonnes: 414USD per tonne: $17,2980.35%Sea
Poland5.3Tonnes: 317USD per tonne: $16,7800.26%Land
Spain4.7Tonnes: 286USD per tonne: $16,4120.23%Sea
Kazakhstan4Tonnes: 149USD per tonne: $26,8140.2%Land
Bulgaria0.49Tonnes: 27USD per tonne: $17,7810.02%Sea
Slovenia0.43Tonnes: 25USD per tonne: $17,0950.02%Sea
Serbia0.11Tonnes: 6USD per tonne: $18,4960.01%Sea
Uzbekistan0.1Tonnes: 5USD per tonne: $20,0580%Sea
Colombia0.07Tonnes: 3USD per tonne: $21,1980%Sea
Thailand0.03Tonnes: 2USD per tonne: $16,5050%Sea

Trend

Who it sells to

China has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • China 0.97
  • Finland 0.67
  • Germany 0.15
  • France 0.08
  • Netherlands 0.03

Source: CEPII BACI

Show the numbers
Partner19952024
China< 0.010.97
Finland0.050.67
Germany0.340.15
France0.120.08
Netherlands0.040.03

Sources and methodology

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Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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