HS Icon Rare-Earth Metal Compounds

2846 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Rare-Earth Metal Compounds. In 2021, Rare-Earth Metal Compounds were the world's 688th most traded product, with a total trade of $2.71B. Between 2020 and 2021 the exports of Rare-Earth Metal Compounds grew by 69.5%, from $1.6B to $2.71B. Trade in Rare-Earth Metal Compounds represent 0.00013% of total world trade.

Rare-Earth Metal Compounds are a part of Inorganic chemicals. They include Compounds, mixes of rare-earths, yttrium, scandium ne and Cerium compounds.

Exports In 2021 the top exporters of Rare-Earth Metal Compounds  were Burma ($803M), China ($503M), Malaysia ($424M), United States ($302M), and Japan ($201M).

Imports In 2021 the top importers of Rare-Earth Metal Compounds were China ($1.29B), Japan ($318M), Vietnam ($292M), United States ($134M), and Thailand ($101M).

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 287th in the Product Complexity Index (PCI).

Description Rare-earth metals are used in the production of various types of magnets, such as neodymium-iron-boron magnets. Yttrium is often used in the production of phosphors for televisions and fluorescent lamps. Scandium is used in the production of low-temperature alloys.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Burma, $803M

Top Destination (2021): China, $1.29B

Rare-Earth Metal Compounds are the world's 688th most traded product.

In 2021, the top exporters of Rare-Earth Metal Compounds were Burma ($803M), China ($503M), Malaysia ($424M), United States ($302M), and Japan ($201M).

In 2021, the top importers of Rare-Earth Metal Compounds were China ($1.29B), Japan ($318M), Vietnam ($292M), United States ($134M), and Thailand ($101M).

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Market Dynamics

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Trade by country

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Top Origin Growth (2020 -  2021): Burma, $415M

Top Destination Growth (2020 -  2021): China, $695M

Between 2020 and 2021, the exports of Rare-Earth Metal Compounds grew the fastest in Burma ($415M), China ($234M), United States ($186M), Malaysia ($183M), and India ($23.7M).

Between 2020 and 2021, the fastest growing importers of Rare-Earth Metal Compounds were China ($695M), Vietnam ($167M), Japan ($53.1M), Thailand ($39.5M), and United States ($37.3M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Rare-Earth Metal Compounds.

In 2021, market concentration measured using Shannon Entropy, was 3.18. This means that most of the exports of Rare-Earth Metal Compounds are explained by 9 countries.

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TOP NET EXPORTER (2021): Burma, $803M

TOP NET IMPORTER (2021): China, $787M

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Rare-Earth Metal Compounds were Burma ($803M), Malaysia ($418M), United States ($168M), India ($45.4M), and Finland ($35.9M).

In 2021, the countries that had a largest trade value in imports than in exports of Rare-Earth Metal Compounds were China ($787M), Vietnam ($254M), Japan ($117M), Thailand ($97.1M), and Chinese Taipei ($63.9M).

Disaggregation

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Value

In 2021, the world most traded Rare-Earth Metal Compounds, disaggragated by their HS6 level were Compounds, mixes of rare-earths, yttrium, scandium... ($2.48B) and Cerium compounds ($224M)

Country Comparison

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Measure
Ranking

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Rare-Earth Metal Compounds to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.