Raw Nickel in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $2.78B in Raw Nickel, making it the 2nd largest exporter of Raw Nickel in the world. At the same year, Raw Nickel was the 32nd most exported product in Canada. The main destination of Raw Nickel exports from Canada are: United States ($1.04B), China ($310M), Netherlands ($303M), Japan ($191M), and Belgium ($186M).

The fastest growing export markets for Raw Nickel of Canada between 2021 and 2022 were United States ($259M), Japan ($115M), and Netherlands ($105M).

Imports In 2022, Canada imported $47.6M in Raw Nickel, becoming the 29th largest importer of Raw Nickel in the world. At the same year, Raw Nickel was the 712th most imported product in Canada. Canada imports Raw Nickel primarily from: United Kingdom ($17.2M), United States ($15.4M), Norway ($3.57M), Australia ($2.8M), and South Africa ($2.24M).

The fastest growing import markets in Raw Nickel for Canada between 2021 and 2022 were United Kingdom ($8.07M), United States ($6.85M), and Australia ($1.91M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Raw Nickel exports accounted up to C$143M and imports accounted up to C$2.72M, resulting in a positive trade balance of C$140M. Between February 2023 and February 2024 the exports of Canada's Raw Nickel have decreased by C$-183M (-56.1%) from C$326M to C$143M, while imports increased by C$1.19M (77.3%) from C$1.54M to C$2.72M.

Destinations In February 2024, Raw Nickel were exported mostly to United States (C$62.4M), China (C$25.8M), Netherlands (C$11.4M), Belgium (C$10.7M), and India (C$8.02M), and were imported mostly from United Kingdom (C$1.48M), Canada (C$355k), Norway (C$355k), South Africa (C$297k), and United States (C$238k).

Growth In February 2024, the decrease in Raw Nickel's year-by-year exports was explained primarily by a decrease in exports to China (C$-12.9M or -49.9%) and Spain (C$-745k or -13.7%). In February 2024, the increase in Raw Nickel's year-by-year imports was explained primarily by an increase in imports from Norway (C$575k or 308%), United States (C$326k or 99.3%), and Japan (C$54k or 443%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-183M(-56.1%)

IMPORT GROWTH (February 2023 - February 2024)C$1.19M(77.3%)

MAIN EXPORTER (February 2024)OntarioC$75.9M

MAIN DESTINATION (February 2024)United StatesC$62.4M

This section shows Raw Nickel's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Raw Nickel over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.78B

IMPORTS (2022)$47.6M

NET TRADE (2022)$2.74B

In 2022, Canada exported $2.78B in Raw Nickel. The main destinations of Canada exports on Raw Nickel were United States ($1.04B), China ($310M), Netherlands ($303M), Japan ($191M), and Belgium ($186M).

In 2022, Canada imported $47.6M in Raw Nickel, mainly from United Kingdom ($17.2M), United States ($15.4M), Norway ($3.57M), Australia ($2.8M), and South Africa ($2.24M).

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