2023
Exports
$185MWorld Rnk 3 / 119
Flag Rnk 586 / 1217
2023
PRODUCT COMPLEXITY IN Tungsten
1.42Rnk 58 / 1025
2023
Imports
$253MWorld Rnk 1 / 176
Flag Rnk 688 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $185M in Tungsten, making it the 3rd largest exporter of Tungsten in the world. At the same year, Tungsten was the 586th most exported product in United States. The main destination of Tungsten exports from United States are: Mexico ($40.6M), Canada ($33.3M), Germany ($33M), Finland ($14.4M), and Chinese Taipei ($12.6M).

The fastest growing export markets for Tungsten of United States between 2022 and 2023 were Germany ($13.5M), Chinese Taipei ($8.86M), and Mexico ($8.42M).

Imports In 2023, United States imported $253M in Tungsten, becoming the 1st largest importer of Tungsten in the world. At the same year, Tungsten was the 688th most imported product in United States. United States imports Tungsten primarily from: China ($88.9M), Germany ($37.4M), Canada ($33.8M), Austria ($12.3M), and Israel ($9.94M).

The fastest growing import markets in Tungsten for United States between 2022 and 2023 were China ($19.4M), Israel ($6.82M), and Canada ($4.55M).

COMPANIES In 2023, leading companies such as Home Depot (77), Hyosung (67), and TE Connectivity (40) were at the forefront of shipping Tungsten to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$2.27M(21.7%)
IMPORT GROWTH (November 2023 - November 2024)$-962k(-5.55%)
MAIN EXPORTER (November 2024)California$5.6M
MAIN DESTINATION (November 2024)Canada$4.2M

This section shows Tungsten's exports and imports data at subnational level for United States. 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 Tungsten over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$185M
IMPORTS (2023)$253M
NET TRADE (2023)-$68.3M

In 2023, United States exported $185M in Tungsten. The main destinations of United States exports on Tungsten were Mexico ($40.6M), Canada ($33.3M), Germany ($33M), Finland ($14.4M), and Chinese Taipei ($12.6M).

In 2023, United States imported $253M in Tungsten, mainly from China ($88.9M), Germany ($37.4M), Canada ($33.8M), Austria ($12.3M), and Israel ($9.94M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tungsten EXPORT MARKETS FOR United States WERE (2022 - 2023):
Germany$13.5M (69.2%)
Chinese Taipei$8.86M (237%)
Mexico$8.42M (26.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten BY United States WERE (2022 - 2023):
Malaysia-$4.43M (-88.6%)
Finland-$2.25M (-13.5%)
Israel-$1.89M (-79.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Tungsten were:
In 2023, United States's main importing competitors in Tungsten were:

Explore Visualizations

Trade Value of Tungsten by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.13M
TOP IMPORT POTENTIALCanada+ $5.21M

Tungsten’s highest export potential is China. With an export gap of $2.13M.   Tungsten’s highest import potential is Canada with an import gap of $5.21M.

See methodology.

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