Rare-Earth Metal Compounds2020 World Trade: $1.61B, Rnk 764 / 1217
2020 Top Exporter | Top Importer: $388M | $600M, Burma | China
2020 Product Complexity: 0.69, Rnk 285 / 1028
2019 - 2020 Export Growth (CAGR): 19%, Rnk 56 / 1217
2018 Mean Tariff: 3.2%, Rnk 1128 / 1259
2020 Share of World Trade: 0.0096%, Rnk 764 / 1217
Overview This page contains the latest trade data of Rare-Earth Metal Compounds. In 2020, Rare-Earth Metal Compounds were the world's 764th most traded product, with a total trade of $1.61B. Between 2019 and 2020 the exports of Rare-Earth Metal Compounds grew by 19%, from $1.35B to $1.61B. Trade in Rare-Earth Metal Compounds represent 0.0096% of total world trade.
Rare-Earth Metal Compounds are a part of Inorganic chemicals.
Exports In 2020 the top exporters of Rare-Earth Metal Compounds were Burma ($388M), China ($271M), Malaysia ($243M), Japan ($210M), and United States ($117M).
Imports In 2020 the top importers of Rare-Earth Metal Compounds were China ($600M), Japan ($269M), Vietnam ($126M), United States ($95.6M), and Thailand ($61.5M).
Tariffs In 2018 the average tariff for Rare-Earth Metal Compounds was 3.2%, making it the 1128th lowest tariff using the HS4 product classification.
Ranking Rare-Earth Metal Compounds ranks 285th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Rare-Earth Metal Compounds. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Rare-Earth Metal Compounds are the world's 764th most traded product.
In 2020, the top exporters of Rare-Earth Metal Compounds were Burma ($388M), China ($271M), Malaysia ($243M), Japan ($210M), and United States ($117M).
In 2020, the top importers of Rare-Earth Metal Compounds were China ($600M), Japan ($269M), Vietnam ($126M), United States ($95.6M), and Thailand ($61.5M).
Trade by country
Between 2019 and 2020, the exports of Rare-Earth Metal Compounds grew the fastest in Burma ($242M), United States ($34.7M), Finland ($31.5M), Malaysia ($19.6M), and Turkey ($10.1M).
Between 2019 and 2020, the fastest growing importers of Rare-Earth Metal Compounds were China ($281M), Turkey ($41.4M), Japan ($15.5M), Chinese Taipei ($14.5M), and Malaysia ($11.1M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Rare-Earth Metal Compounds.
In 2020, market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Rare-Earth Metal Compounds are explained by 11 countries.
This map shows which countries export or import more of Rare-Earth Metal Compounds. Each country is colored based on the difference in exports and imports of Rare-Earth Metal Compounds during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Rare-Earth Metal Compounds were Burma ($388M), Malaysia ($221M), Finland ($50.1M), France ($38.1M), and India ($22.6M).
In 2020, the countries that had a largest trade value in imports than in exports of Rare-Earth Metal Compounds were China ($330M), Vietnam ($104M), Japan ($58.7M), Thailand ($51.8M), and Chinese Taipei ($41.9M).
In 2020, the world most traded Rare-Earth Metal Compounds, disaggragated by their HS6 level were Compounds, mixes of rare-earths, yttrium, scandium... ($1.41B) and Cerium compounds ($202M)
This visualization shows the countries that have an important ratio of their trade related to Rare-Earth Metal Compounds. It is possible to select the main countries that export or import Rare-Earth Metal Compounds in the world, or by continent, as well as select the measure of interest.
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.
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