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Nickel scrap: top exporters and importers (2024)

In 2024, world trade in nickel scrap totaled $1.3 billion (203 thousand tonnes). The top exporters were the United States (14%), the United Kingdom (14%) and Germany (10%); the top importers were the United States (30%), the United Kingdom (11%) and Japan (10%). Compared with 2019, the value rose 21%.

Summary

World trade
$1.3billion
Tonnes
203thousand tonnes
Price per tonne
$6,436
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. United States$186 million · 14.2%
  2. United Kingdom$185 million · 14.2%
  3. Germany$124 million · 9.5%
  4. Canada$83 million · 6.3%
  5. France$73 million · 5.6%
  6. Singapore$54 million · 4.2%
    re-exports
  7. China$51 million · 3.9%
  8. Saudi Arabia$46 million · 3.5%
  9. Mexico$39 million · 3%
  10. Japan$39 million · 3%
  11. Austria$39 million · 3%
  12. South Korea$36 million · 2.7%
  13. India$30 million · 2.3%
  14. Italy$29 million · 2.3%
  15. Taiwan$25 million · 1.9%
  16. Estonia$22 million · 1.7%
  17. Netherlands$21 million · 1.6%
    re-exports
  18. United Arab Emirates$20 million · 1.5%
  19. Poland$18 million · 1.4%
  20. Spain$17 million · 1.3%

Top importers

  1. United States$392 million · 30.1%
  2. United Kingdom$142 million · 10.9%
  3. Japan$133 million · 10.2%
  4. Germany$120 million · 9.2%
  5. Canada$98 million · 7.5%
  6. Sweden$91 million · 6.9%
  7. India$45 million · 3.4%
  8. Singapore$33 million · 2.5%
    re-exports
  9. Italy$30 million · 2.3%
  10. Taiwan$28 million · 2.1%
  11. France$24 million · 1.8%
  12. South Korea$22 million · 1.7%
  13. United Arab Emirates$19 million · 1.5%
  14. Netherlands$17 million · 1.3%
    re-exports
  15. China$15 million · 1.1%
  16. Australia$14 million · 1.1%
  17. Austria$14 million · 1%
  18. Malaysia$12 million · 0.92%
  19. Spain$8 million · 0.63%
  20. Estonia$6 million · 0.44%

Trend

Who sells it

The United States has been the top exporter since 2024

Value in USD millions. The five largest exporters in 2024.

  • United States 186
  • United Kingdom 185
  • Germany 124
  • Canada 82.6
  • France 73.2

Source: CEPII BACI

Show the numbers
Country19952024
United States68.5186
United Kingdom20.6185
Germany44.3124
Canada17.282.6
France2273.2

Price

Implied price

The price per tonne rose 137% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $6,436

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,720
1996$3,137
1997$1,872
1998$1,783
1999$1,488
2000$3,258
2001$2,964
2002$1,373
2003$2,621
2004$5,185
2005$5,265
2006$5,408
2007$9,250
2008$7,565
2009$5,730
2010$6,138
2011$7,087
2012$5,853
2013$5,999
2014$6,312
2015$5,470
2016$4,367
2017$5,595
2018$6,051
2019$6,196
2020$5,060
2021$5,568
2022$7,861
2023$7,460
2024$6,436

What it includes

  • 7503 · Nickel scrap

Products in the same chapter

Sources and methodology

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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