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2022
Exports $70.5MWorld Rnk 4 / 97
Flag Rnk 496 / 1213
2022
Destination $7.58M United States
2021 - 2022
FASTEST GROWING MARKET $7.58MUnited States
2022
PRODUCT COMPLEXITY IN Scrap Nickel-0.18Rnk 609 / 1025
2022
Imports $196MWorld Rnk 2 / 77
Flag Rnk 403 / 1214
2022
Origin $17.7M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $17.7MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $70.5M in Scrap Nickel, making it the 4th largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 496th most exported product in Japan. The main destination of Scrap Nickel exports from Japan are: United States ($17.6M), United Kingdom ($13.2M), South Korea ($8.53M), China ($7.26M), and Philippines ($4.33M).

The fastest growing export markets for Scrap Nickel of Japan between 2021 and 2022 were United States ($7.58M), United Kingdom ($5.96M), and China ($5.41M).

Imports In 2022, Japan imported $196M in Scrap Nickel, becoming the 2nd largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 403rd most imported product in Japan. Japan imports Scrap Nickel primarily from: South Korea ($50.4M), United States ($31.5M), United Kingdom ($30.3M), Chinese Taipei ($16.7M), and Germany ($10.8M).

The fastest growing import markets in Scrap Nickel for Japan between 2021 and 2022 were United Kingdom ($17.7M), United States ($14.2M), and South Korea ($11M).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Scrap Nickel exports accounted up to ¥725M and imports accounted up to ¥2.26B, resulting in a negative trade balance of ¥1.54B. Between June 2023 and June 2024 the exports of Japan's   Scrap Nickel have increased by ¥44.9M (6.6%) from ¥681M to ¥725M, while imports increased by ¥419M (22.7%) from ¥1.84B to ¥2.26B.

Destinations In June 2024, Scrap Nickel were exported mostly to South Korea (¥152M), Thailand (¥84.9M), Indonesia (¥76.8M), United Kingdom (¥72.4M), and China (¥63.7M), and were imported mostly from United States (¥562M), South Korea (¥528M), Chinese Taipei (¥278M), Canada (¥178M), and Germany (¥115M).

Growth In June 2024, the increase in Scrap Nickel's year-by-year exports was explained primarily by an increase in exports to Hong Kong (¥37.5M or 723%) and Chinese Taipei (¥3.66M or 15.4%). In June 2024, the increase in Scrap Nickel's year-by-year imports was explained primarily by an increase in imports from South Korea (¥290M or 98.2%), United States (¥158M or 25.4%), and China (¥105M or 2.98k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥44.9M(6.6%)
IMPORT GROWTH (June 2023 - June 2024)¥419M(22.7%)
MAIN EXPORTER (June 2024)Osaka¥331M
MAIN DESTINATION (June 2024)South Korea¥152M

This section shows Scrap Nickel's exports and imports data at subnational level for Japan. 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 Scrap Nickel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$70.5M
IMPORTS (2022)$196M
NET TRADE (2022)-$125M

In 2022, Japan exported $70.5M in Scrap Nickel. The main destinations of Japan exports on Scrap Nickel were United States ($17.6M), United Kingdom ($13.2M), South Korea ($8.53M), China ($7.26M), and Philippines ($4.33M).

In 2022, Japan imported $196M in Scrap Nickel, mainly from South Korea ($50.4M), United States ($31.5M), United Kingdom ($30.3M), Chinese Taipei ($16.7M), and Germany ($10.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$7.58M (75.4%)
United Kingdom$5.96M (81.9%)
China$5.41M (293%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY Japan WERE (2021 - 2022):
Malaysia-$2.41M (-62.4%)
South Korea-$1.05M (-11%)
India-$511k (-81.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Scrap Nickel were:
United Kingdom $218M
United States $130M
Germany $114M
In 2022, Japan's main importing competitors in Scrap Nickel were:
United States $399M
United Kingdom $181M

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.95M
TOP IMPORT POTENTIALChina+ $1.94M

Scrap Nickel’s highest export potential is United States. With an export gap of $1.95M.   Scrap Nickel’s highest import potential is China with an import gap of $1.94M.

See methodology.

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