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261590 (Harmonized System 1992 for 6-digit)

2023
World Trade $619MRnk 2628 / 4644
2023
Top Exporter | Top Importer $123M | $303MNigeria | China
2023
Product Complexity -2.44Rnk 4607 / 4656
2022 - 2023
Export Growth (CAGR) -13.6%Rnk 3106 / 4644
2023
Share of World Trade 0.0027%Rnk 2628 / 4644

About

Overview This page contains the latest trade data of Niobium, tantalum and vanadium ores and concentrates. In 2023, Niobium, tantalum and vanadium ores and concentrates were the world's 2628th most traded product, with a total trade of $619M. Between 2022 and 2023 the exports of Niobium, tantalum and vanadium ores and concentrates decreased by -13.6%, from $716M to $619M. Trade in Niobium, tantalum and vanadium ores and concentrates represent 0.0027% of total world trade.

Niobium, tantalum and vanadium ores and concentrates are a part of Niobium, Tantalum, Vanadium and Zirconium Ore.

Exports In 2023 the top exporters of Niobium, tantalum and vanadium ores and concentrates  were Nigeria ($123M), Rwanda ($102M), Democratic Republic of the Congo ($83.1M), Brazil ($55.6M), and Australia ($55.5M).

Imports In 2023 the top importers of Niobium, tantalum and vanadium ores and concentrates were China ($303M), Thailand ($91.4M), United States ($45.6M), Malaysia ($38.1M), and Kazakhstan ($28.5M).

Ranking Niobium, tantalum and vanadium ores and concentrates ranks 4607th in the Product Complexity Index (PCI).

Description Niobium and tantalum are used primarily in the manufacturing of electronic components for computers, airplanes, cars and other machines. Vanadium is used in the production of steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Niobium, tantalum and vanadium ores and concentrates. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Nigeria$123M
Top Destination (2023)China$303M

In 2023 Niobium, tantalum and vanadium ores and concentrates were the world's 2628th most traded product (out of 4,644).

In 2023, the top exporters of Niobium, tantalum and vanadium ores and concentrates were Nigeria ($123M), Rwanda ($102M), Democratic Republic of the Congo ($83.1M), Brazil ($55.6M), and Australia ($55.5M).

In 2023, the top importers of Niobium, tantalum and vanadium ores and concentrates were China ($303M), Thailand ($91.4M), United States ($45.6M), Malaysia ($38.1M), and Kazakhstan ($28.5M).

Explore Visualizations

Exporters of Niobium, tantalum and vanadium ores and concentrates (2023)
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Importers of Niobium, tantalum and vanadium ores and concentrates (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Brazil$22M
Top Destination Growth (2022 -  2023)China$113M

Between 2022 and 2023, the exports of Niobium, tantalum and vanadium ores and concentrates grew the fastest in Brazil ($22M), Rwanda ($19.8M), Ethiopia ($14.2M), Kuwait ($8.39M), and Germany ($6.68M).

Between 2022 and 2023, the fastest growing importers of Niobium, tantalum and vanadium ores and concentrates were China ($113M), Chinese Taipei ($9.41M), Germany ($7.03M), Spain ($4.15M), and Saudi Arabia ($2.39M).

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Exporters of Niobium, tantalum and vanadium ores and concentrates (2022 - 2023)

Importers of Niobium, tantalum and vanadium ores and concentrates (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Niobium, tantalum and vanadium ores and concentrates.

In 2023, market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Niobium, tantalum and vanadium ores and concentrates are explained by 13 countries.

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Value of Exports in Niobium, tantalum and vanadium ores and concentrates

Net Trade

TOP NET EXPORTER (2023)Nigeria$123M
TOP NET IMPORTER (2023)China$301M

This map shows which countries export or import more of Niobium, tantalum and vanadium ores and concentrates. Each country is colored based on the difference in exports and imports of Niobium, tantalum and vanadium ores and concentrates during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Niobium, tantalum and vanadium ores and concentrates were Nigeria ($123M), Rwanda ($102M), Democratic Republic of the Congo ($83.1M), Brazil ($55.6M), and Australia ($55M).

In 2023, the countries that had a largest trade value in imports than in exports of Niobium, tantalum and vanadium ores and concentrates were China ($301M), Thailand ($90M), United States ($41.5M), Malaysia ($28.7M), and Japan ($25.8M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Niobium, tantalum and vanadium ores and concentrates.
It is possible to select the main countries that export or import Niobium, tantalum and vanadium ores and concentrates in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Niobium, tantalum and vanadium ores and concentrates by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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