Niobium, Tantalum, Vanadium and Zirconium Ore in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $40.1M in Niobium, Tantalum, Vanadium and Zirconium Ore, making it the 12th largest exporter of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 980th most exported product in China. The main destination of Niobium, Tantalum, Vanadium and Zirconium Ore exports from China are: Japan ($15.7M), India ($3.2M), Chinese Taipei ($2.94M), South Korea ($2.5M), and Spain ($2.3M).

The fastest growing export markets for Niobium, Tantalum, Vanadium and Zirconium Ore of China between 2021 and 2022 were Japan ($5.56M), India ($2.45M), and Russia ($2.18M).

Imports In 2022, China imported $873M in Niobium, Tantalum, Vanadium and Zirconium Ore, becoming the 1st largest importer of Niobium, Tantalum, Vanadium and Zirconium Ore in the world. At the same year, Niobium, Tantalum, Vanadium and Zirconium Ore was the 240th most imported product in China. China imports Niobium, Tantalum, Vanadium and Zirconium Ore primarily from: South Africa ($303M), Indonesia ($114M), Mozambique ($72.1M), Nigeria ($69.5M), and Kenya ($41.5M).

The fastest growing import markets in Niobium, Tantalum, Vanadium and Zirconium Ore for China between 2021 and 2022 were South Africa ($133M), Indonesia ($43.2M), and Nigeria ($22M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Niobium, Tantalum, Vanadium and Zirconium Ore from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Niobium, Tantalum, Vanadium and Zirconium Ore exports accounted up to $6.1M and imports accounted up to $137M, resulting in a negative trade balance of $131M. Between February 2023 and February 2024 the exports of China's Niobium, Tantalum, Vanadium and Zirconium Ore have decreased by $-4.47M (-42.3%) from $10.6M to $6.1M, while imports decreased by $-2.46M (-1.77%) from $139M to $137M.

Destinations In February 2024, Niobium, Tantalum, Vanadium and Zirconium Ore were exported mostly to Japan ($5.34M), South Korea ($316k), Chile ($229k), Russia ($60.9k), and Canada ($54.7k), and were imported mostly from Australia ($57M), South Africa ($24.3M), Nigeria ($8.89M), Democratic Republic of the Congo ($7.76M), and Rwanda ($7.49M).

Growth In February 2024, the decrease in Niobium, Tantalum, Vanadium and Zirconium Ore's year-by-year exports was explained primarily by a decrease in exports to Japan ($-5.88M or -98.4%), Taiwan ($-129k or -100%), and Vietnam ($-94.8k or -87.9%). In February 2024, the decrease in Niobium, Tantalum, Vanadium and Zirconium Ore's year-by-year imports was explained primarily by a decrease in imports from Australia ($-69.5M or -69.5%), Nigeria ($-6.51M or -48.1%), and South Africa ($-6M or -33.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-4.47M(-42.3%)

IMPORT GROWTH (February 2023 - February 2024)$-2.46M(-1.77%)

MAIN EXPORTER (February 2024)Shandong Province$5.71M

MAIN DESTINATION (February 2024)Japan$5.34M

This section shows Niobium, Tantalum, Vanadium and Zirconium Ore's exports and imports data at subnational level for China. 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 Niobium, Tantalum, Vanadium and Zirconium Ore over time.

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