Latest HS4 trade
$3.8BReported valueHS4 subsector corridor intelligence
Nickel ores and concentrates
top trade corridors
HS4 2604 - leading exporter-to-importer routes
Explore reported routes for this HS4 subsector, ranked by latest trade value and paired with growth, market share, access, tariff, and distance context.
The route picture at a glanceHS4 2604 - reported trade
Corridors shown
25Leading routes by valueLeading route value
$1.1BLatest reported valueLeading route growth
-18.5%Calculated 3-year changeLatest reported year
20241995-2024 coverageThe HS4 corridor read
Philippines to China leads the reported HS4 2604 routes.
The leading route recorded $1.1B in 2024, with -18.5% calculated three-year growth. Across the HS4 subsector, latest reported trade was $3.8B, with -13.1% calculated three-year growth. Read the HS4 overview ↗
Leading route$1.1B29% of latest HS4 trade
Top HS4 corridors
Where Nickel ores and concentrates trade moves
Observed exporter-to-importer relationships ranked by latest reported trade value. Growth, peak comparisons, and shares are calculated indicators; access fields provide context where available. Review data sources ↗
HS4 2604 exporter-to-importer relationshipsTop 25 by value
Scroll horizontally to compare all route fields.
| Rank | Exporter | Importer | Latest trade | 3-year CAGR | 5-year CAGR | 10-year CAGR | Market share | FTA / access | Applied tariff | MFN tariff | Preferential tariff | Tariff advantage | Distance | Historical peak | Latest below peak | Years | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | PhilippinesPHL | ChinaCHN | $1.1B | -18.5% | +2.8% | -6.5% | 29% | FTA reported | 0.3% | 0.3% | 0.1% | +0.2 pp | 1,841 km | $2.2B2014 | 48.7% | 23 | Rapid decline |
| 2 | PhilippinesPHL | IndonesiaIDN | $308.0M | +524% | +200% | +127.7% | 8.1% | FTA reported | 0.2% | 0.2% | 0% | +0.1 pp | 2,782 km | $308.0M2024 | 0% | 7 | Rapid growth |
| 3 | RussiaRUS | ChinaCHN | $297.2M | +9.9% | +68.3% | +44.6% | 7.8% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 6,831 km | $382.5M2022 | 22.3% | 17 | Growing |
| 4 | New CaledoniaNCL | Republic of KoreaKOR | $194.1M | +2.2% | +1.3% | +5.6% | 5.1% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 7,808 km | $319.4M2022 | 39.2% | 20 | Stable |
| 5 | ZimbabweZWE | South AfricaZAF | $169.5M | -42.8% | -20.5% | -0.6% | 4.4% | FTA reported | 0.1% | 0.1% | 0.1% | +0.1 pp | 978 km | $1.0B2022 | 83.3% | 25 | Rapid decline |
| 6 | FinlandFIN | ChinaCHN | $156.0M | +21.7% | +48.5% | +6.3% | 4.1% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 7,392 km | $156.0M2024 | 0% | 19 | Rapid growth |
| 7 | AustraliaAUS | ChinaCHN | $117.6M | -21.3% | -17% | -15% | 3.1% | FTA reported | 0.3% | 0.3% | 0.1% | +0.2 pp | 8,024 km | $844.8M2012 | 86.1% | 28 | Rapid decline |
| 8 | USA, Puerto Rico and US Virgin IslandsUSA | CanadaCAN | $117.2M | -22% | +16.9% | +20.7% | 3.1% | FTA reported | 0% | 0.1% | 0% | +0 pp | 556 km | $363.8M2023 | 67.8% | 30 | Rapid decline |
| 9 | BrazilBRA | ChinaCHN | $109.3M | -13.2% | +4,979.9% | +3.6% | 2.9% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 18,570 km | $167.0M2021 | 34.6% | 14 | Rapid decline |
| 10 | ZambiaZMB | CanadaCAN | $108.1M | Not reported | Not reported | Not reported | 2.8% | No FTA reported | 0% | 0.1% | 0% | +0 pp | 12,597 km | $108.1M2024 | 0% | 2 | Insufficient history |
| 11 | New CaledoniaNCL | ChinaCHN | $102.8M | -20% | +14.7% | +276.6% | 2.7% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 7,622 km | $323.7M2022 | 68.3% | 19 | Rapid decline |
| 12 | CanadaCAN | FinlandFIN | $88.7M | -9.7% | -9.8% | +6.1% | 2.3% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 6,616 km | $334.1M2007 | 73.4% | 19 | Declining |
| 13 | Côte d\'IvoireCIV | ChinaCHN | $87.2M | +176.6% | Not reported | Not reported | 2.3% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 12,966 km | $141.2M2022 | 38.3% | 5 | Rapid growth |
| 14 | FinlandFIN | CanadaCAN | $82.3M | +94.1% | +262.1% | +3.7% | 2.2% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 6,616 km | $143.4M2023 | 42.6% | 17 | Rapid growth |
| 15 | CanadaCAN | BelgiumBEL | $73.4M | +40.4% | +7.5% | +254% | 1.9% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 6,041 km | $73.4M2024 | 0% | 11 | Rapid growth |
| 16 | BrazilBRA | FinlandFIN | $69.3M | +3.4% | +20.7% | -0.4% | 1.8% | No FTA reported | 0% | 0.1% | 0% | +0 pp | 11,287 km | $150.3M2023 | 53.9% | 11 | Growing |
| 17 | ZambiaZMB | ChinaCHN | $69.2M | +23% | +73.6% | +168.2% | 1.8% | No FTA reported | 0.3% | 0.3% | 0% | +0.3 pp | 11,183 km | $87.5M2022 | 21% | 16 | Rapid growth |
| 18 | ZambiaZMB | Switzerland, LiechtensteinCHE | $68.0M | +166.1% | +849.8% | +80.4% | 1.8% | No FTA reported | 0% | 0% | 0% | -0 pp | 7,227 km | $118.6M2022 | 42.7% | 8 | Rapid growth |
| 19 | AustraliaAUS | TaiwanTWN | $52.3M | +52% | +183.2% | +31.3% | 1.4% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 7,376 km | $52.3M2024 | 0% | 15 | Rapid growth |
| 20 | South AfricaZAF | FinlandFIN | $50.7M | +16.8% | +12.5% | -12.8% | 1.3% | FTA reported | 0% | 0.1% | 0% | +0 pp | 9,576 km | $292.5M2012 | 82.7% | 18 | Rapid growth |
| 21 | ZambiaZMB | FinlandFIN | $45.5M | Not reported | Not reported | Not reported | 1.2% | No FTA reported | 0% | 0.1% | 0% | +0 pp | 8,383 km | $45.5M2024 | 0% | 2 | Insufficient history |
| 22 | Viet NamVNM | ChinaCHN | $39.0M | +466.4% | +183.1% | -7.7% | 1% | FTA reported | 0.2% | 0.3% | 0% | +0.2 pp | 2,732 km | $87.2M2014 | 55.2% | 13 | Rapid growth |
| 23 | Solomon IslandsSLB | ChinaCHN | $36.3M | Not reported | Not reported | Not reported | 1% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 6,090 km | $36.3M2024 | 0% | 2 | Insufficient history |
| 24 | BrazilBRA | CanadaCAN | $35.3M | +18,690.3% | +946.7% | +393.4% | 0.9% | No FTA reported | 0.1% | 0.1% | 0% | +0 pp | 8,164 km | $74.0M2022 | 52.4% | 18 | Rapid growth |
| 25 | Switzerland, LiechtensteinCHE | CanadaCAN | $27.2M | -37.4% | -9.3% | Not reported | 0.7% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 6,497 km | $110.6M2021 | 75.4% | 8 | Rapid decline |
Movement to watch
Growth leaders for HS4 2604
The strongest available three-year growth rates are starting points for research, not forecasts. Compare the calculated rate with each route's reported value, share, and trend. Read the methodology ↗
01Growth leader
Brazil to Canada
+18,690.3%calculated 3-year CAGR$35.3M latest value0.9% market shareRapid growth
02Growth leader
Philippines to Indonesia
+524%calculated 3-year CAGR$308.0M latest value8.1% market shareRapid growth
03Growth leader
Viet Nam to China
+466.4%calculated 3-year CAGR$39.0M latest value1% market shareRapid growth
04Growth leader
Côte d\'Ivoire to China
+176.6%calculated 3-year CAGR$87.2M latest value2.3% market shareRapid growth
05Growth leader
Zambia to Switzerland, Liechtenstein
+166.1%calculated 3-year CAGR$68.0M latest value1.8% market shareRapid growth
Access and tariff context
Compare route access without over-reading one indicator
FTA status, applied tariffs, tariff advantage, and distance are supporting route context. Group averages are calculated from displayed routes and are not tariff recommendations. Check data coverage ↗
11 displayed routes with average calculated growth of +90%.
- Average applied tariff
- 0.1%
- Average tariff advantage
- +0.1 pp
14 displayed routes with average calculated growth of +1,737.5%.
- Average applied tariff
- 0.2%
- Average tariff advantage
- +0.1 pp
Lowest reported applied tariffNo FTA reported
Zambia to Switzerland, Liechtenstein
0%Routes with an available applied tariff. Latest route value: $68.0M.
Applied 0%Advantage -0 pp7,227 km
Largest reported tariff advantageNo FTA reported
Zambia to China
+0.3 ppRoutes with an available tariff advantage. Latest route value: $69.2M.
Applied 0.3%Advantage +0.3 pp11,183 km
HS4 indicators
Scale, momentum, and structure in one view
These cards pair reported trade observations with calculated indicators from the available HS4 history. See indicator definitions ↗
Combined reported value across the 25 routes shown.
Calculated annualized change in reported HS4 trade.
Calculated concentration indicators; higher values mean a more concentrated mix.
Calculated variation in annual reported HS4 trade.
Historical peak: $6.1B in 2022. Latest below peak: 37.6%.
30 observed years; 384 active corridors, 76 exporters, 79 importers, and 1 HS6 products.
How to read this view
Keep reported scale separate from calculated movement.
Latest trade values describe reported merchandise trade for HS4 2604. Growth, market share, HHI, volatility, and peak comparisons are calculated indicators over the stated coverage period.
FTA status, tariffs, and distance add route context where available. A missing value stays unavailable; it is not treated as zero or a forecast.
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.