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2022
Exports $193MWorld Rnk 9 / 71
Flag Rnk 287 / 1210
2022
Destination $52.8M Finland
2021 - 2022
FASTEST GROWING MARKET $52.8MFinland
2022
PRODUCT COMPLEXITY IN Nickel Ore-1.62Rnk 962 / 1025
2022
Imports $527MWorld Rnk 2 / 67
Flag Rnk 215 / 1213
2022
Origin $78.3M United States
2021 - 2022
FASTEST GROWING ORIGIN $78.3MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $193M in Nickel Ore, making it the 9th largest exporter of Nickel Ore in the world. At the same year, Nickel Ore was the 287th most exported product in Canada. The main destination of Nickel Ore exports from Canada are: Finland ($173M), Belgium ($17.4M), Norway ($733k), China ($497k), and Brazil ($420k).

The fastest growing export markets for Nickel Ore of Canada between 2021 and 2022 were Finland ($52.8M), Belgium ($17.4M), and Norway ($733k).

Imports In 2022, Canada imported $527M in Nickel Ore, becoming the 2nd largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 215th most imported product in Canada. Canada imports Nickel Ore primarily from: United States ($325M), Brazil ($68.8M), Finland ($56.5M), South Africa ($33.1M), and Russia ($28M).

The fastest growing import markets in Nickel Ore for Canada between 2021 and 2022 were United States ($78.3M), Brazil ($68.8M), and South Africa ($33M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Nickel Ore exports accounted up to C$37.6M and imports accounted up to C$61.2M, resulting in a negative trade balance of C$23.5M. Between May 2023 and June 2024 the exports of Canada's   Nickel Ore have increased by C$36.8M (4.34k%) from C$849k to C$37.6M, while imports decreased by C$-199M (-76.5%) from C$260M to C$61.2M.

Destinations In June 2024, Nickel Ore were exported mostly to Finland (C$37.6M) and United States (C$3.04k), and were imported mostly from Zambia (C$40.1M), Finland (C$16.6M), United States (C$4.48M), Brazil (C$8.67k), and South Africa (C$8).

Growth In June 2024, the increase in Nickel Ore's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Nickel Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)C$36.8M(4.34k%)
IMPORT GROWTH (June 2023 - June 2024)C$-199M(-76.5%)
MAIN EXPORTER (June 2024)QuebecC$37.6M
MAIN DESTINATION (June 2024)FinlandC$37.6M

This section shows Nickel Ore'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 Nickel Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$193M
IMPORTS (2022)$527M
NET TRADE (2022)-$334M

In 2022, Canada exported $193M in Nickel Ore. The main destinations of Canada exports on Nickel Ore were Finland ($173M), Belgium ($17.4M), Norway ($733k), China ($497k), and Brazil ($420k).

In 2022, Canada imported $527M in Nickel Ore, mainly from United States ($325M), Brazil ($68.8M), Finland ($56.5M), South Africa ($33.1M), and Russia ($28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Ore EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Finland$52.8M (43.8%)
Belgium$17.4M (1%)
Norway$733k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Ore BY Canada WERE (2021 - 2022):
India-$27.6k (-100%)
Australia-$1.62k (-100%)
Zambia-$1.02k (-56.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Nickel Ore were:
Philippines $1.29B
New Caledonia $825M
Russia $411M
In 2022, Canada's main importing competitors in Nickel Ore were:
China $2.96B
South Korea $339M

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Trade Value of Nickel Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.95M
TOP IMPORT POTENTIALRussia+ $1.41M

Nickel Ore’s highest export potential is China. With an export gap of $1.95M.   Nickel Ore’s highest import potential is Russia with an import gap of $1.41M.

See methodology.

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