2023
Exports
$57.9MWorld Rnk 8 / 82
Flag Rnk 558 / 1212
2023
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.67Rnk 297 / 1025
2023
Imports
$13.1MWorld Rnk 17 / 146
Flag Rnk 826 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $57.9M 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 558th most exported product in India. The main destination of Rare-Earth Metal Compounds exports from India are: Vietnam ($29.7M), Germany ($8.74M), Turkey ($5.83M), China ($4.41M), and Japan ($2.82M).

The fastest growing export markets for Rare-Earth Metal Compounds of India between 2022 and 2023 were Turkey ($5.51M), Germany ($2.9M), and Spain ($1.51M).

Imports In 2023, India imported $13.1M in Rare-Earth Metal Compounds, becoming the 17th largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 826th most imported product in India. India imports Rare-Earth Metal Compounds primarily from: China ($5.32M), South Korea ($2.92M), Japan ($2.71M), France ($657k), and United States ($590k).

The fastest growing import markets in Rare-Earth Metal Compounds for India between 2022 and 2023 were France ($456k), China ($427k), and Ukraine ($91.3k).

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

Dec 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 (2023)$57.9M
IMPORTS (2023)$13.1M
NET TRADE (2023)$44.9M

In 2023, India exported $57.9M in Rare-Earth Metal Compounds. The main destinations of India exports on Rare-Earth Metal Compounds were Vietnam ($29.7M), Germany ($8.74M), Turkey ($5.83M), China ($4.41M), and Japan ($2.82M).

In 2023, India imported $13.1M in Rare-Earth Metal Compounds, mainly from China ($5.32M), South Korea ($2.92M), Japan ($2.71M), France ($657k), and United States ($590k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR India WERE (2022 - 2023):
Turkey$5.51M (1.76k%)
Germany$2.9M (49.7%)
Spain$1.51M (23.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY India WERE (2022 - 2023):
Vietnam-$16.1M (-35.1%)
Japan-$8.47M (-75.1%)
China-$5.07M (-53.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Rare-Earth Metal Compounds were:
Burma $1.44B
China $513M
In 2023, India's main importing competitors in Rare-Earth Metal Compounds were:
China $1.98B
Japan $478M

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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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