2022
Exports
$71.5MWorld Rnk 8 / 80
Flag Rnk 511 / 1212
2022
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.68Rnk 287 / 1025
2022
Imports
$8.25MWorld Rnk 23 / 144
Flag Rnk 895 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $71.5M in Rare-Earth Metal Compounds, making it the 8th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 511th most exported product in India. The main destination of Rare-Earth Metal Compounds exports from India are: Vietnam ($45.7M), Japan ($13.1M), China ($7.55M), Germany ($2.49M), and South Korea ($562k).

The fastest growing export markets for Rare-Earth Metal Compounds of India between 2021 and 2022 were Vietnam ($30.2M), China ($3.38M), and Italy ($368k).

Imports In 2022, India imported $8.25M in Rare-Earth Metal Compounds, becoming the 23rd largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 895th most imported product in India. India imports Rare-Earth Metal Compounds primarily from: China ($4.71M), Japan ($1.31M), Germany ($630k), South Korea ($614k), and United States ($515k).

The fastest growing import markets in Rare-Earth Metal Compounds for India between 2021 and 2022 were China ($325k), Netherlands ($95.3k), and Hong Kong ($16.7k).

COMPANIES In 2023, leading companies such as AGCO (4) and Mahle Behr (1) were at the forefront of shipping Rare-Earth Metal Compounds from India to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Rare-Earth Metal Compounds. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$71.5M
IMPORTS (2022)$8.25M
NET TRADE (2022)$63.3M

In 2022, India exported $71.5M in Rare-Earth Metal Compounds. The main destinations of India exports on Rare-Earth Metal Compounds were Vietnam ($45.7M), Japan ($13.1M), China ($7.55M), Germany ($2.49M), and South Korea ($562k).

In 2022, India imported $8.25M in Rare-Earth Metal Compounds, mainly from China ($4.71M), Japan ($1.31M), Germany ($630k), South Korea ($614k), and United States ($515k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR India WERE (2021 - 2022):
Vietnam$30.2M (195%)
China$3.38M (81.1%)
Italy$368k (820%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY India WERE (2021 - 2022):
Japan-$6.86M (-34.3%)
Germany-$4.19M (-62.7%)
France-$3.4M (-96.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Rare-Earth Metal Compounds were:
In 2022, India's main importing competitors in Rare-Earth Metal Compounds were:
China $1.48B
Japan $488M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12.1M
TOP IMPORT POTENTIALChina+ $5.05M

Rare-Earth Metal Compounds’s highest export potential is China. With an export gap of $12.1M.   Rare-Earth Metal Compounds’s highest import potential is China with an import gap of $5.05M.

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