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Unwrought nickel: top exporters and importers (2024)

In 2024, world trade in unwrought nickel totaled $13.4 billion (783 thousand tonnes). The top exporters were Canada (12%), Norway (12%) and Australia (10%); the top importers were China (14%), the United States (12%) and the Netherlands (8%). Compared with 2019, the value rose 8%.

Summary

World trade
$13.4billion
Tonnes
783thousand tonnes
Price per tonne
$17,030
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Canada$1.6 billion · 11.8%
  2. Norway$1.6 billion · 11.7%
  3. Australia$1.4 billion · 10.1%
  4. Russia$1.2 billion · 8.9%
  5. China$1.1 billion · 8.1%
  6. Indonesia$946 million · 7.1%
  7. Finland$795 million · 6%
  8. Netherlands$790 million · 5.9%
    re-exports
  9. United Kingdom$703 million · 5.3%
  10. South Africa$635 million · 4.8%
  11. Japan$458 million · 3.4%
  12. Madagascar$419 million · 3.1%
  13. United States$346 million · 2.6%
  14. Germany$342 million · 2.6%
  15. France$251 million · 1.9%
  16. Belgium$138 million · 1%
    re-exports
  17. Italy$106 million · 0.79%
  18. Singapore$101 million · 0.76%
    re-exports
  19. Malaysia$99 million · 0.74%
  20. Taiwan$66 million · 0.49%

Top importers

  1. China$1.8 billion · 13.6%
  2. United States$1.5 billion · 11.5%
  3. Netherlands$1.1 billion · 8.3%
    re-exports
  4. Germany$983 million · 7.4%
  5. Japan$900 million · 6.7%
  6. Taiwan$873 million · 6.5%
  7. France$737 million · 5.5%
  8. Italy$643 million · 4.8%
  9. India$599 million · 4.5%
  10. Singapore$582 million · 4.4%
    re-exports
  11. South Korea$525 million · 3.9%
  12. Sweden$450 million · 3.4%
  13. Malaysia$402 million · 3%
  14. Austria$339 million · 2.5%
  15. Belgium$334 million · 2.5%
    re-exports
  16. United Kingdom$258 million · 1.9%
  17. Spain$226 million · 1.7%
  18. Czechia$134 million · 1%
  19. Brazil$127 million · 0.95%
  20. Turkey$110 million · 0.82%

Trend

Who sells it

Canada has been the top exporter since 2024

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

  • Canada 1.6
  • Norway 1.6
  • Australia 1.4
  • Russia 1.2
  • China 1.1

Source: CEPII BACI

Show the numbers
Country19952024
Canada0.781.6
Norway0.551.6
Australia0.381.4
Russia1.71.2
China0.051.1

Price

Implied price

The price per tonne rose 102% since 1995

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

  • 2024: $17,030

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$8,428
1996$9,645
1997$8,770
1998$6,471
1999$6,912
2000$9,600
2001$6,788
2002$7,512
2003$10,030
2004$13,381
2005$14,659
2006$22,165
2007$36,091
2008$22,803
2009$14,660
2010$21,375
2011$22,457
2012$17,479
2013$15,585
2014$16,820
2015$12,436
2016$10,418
2017$11,032
2018$13,387
2019$13,586
2020$14,295
2021$17,942
2022$23,780
2023$21,848
2024$17,030

What it includes

  • 7502 · Unwrought nickel

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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