280530 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Rare-earth metals, scandium and yttrium. In 2022, Rare-earth metals, scandium and yttrium were the world's 2288th most traded product, with a total trade of $927M. Between 2021 and 2022 the exports of Rare-earth metals, scandium and yttrium grew by 58.4%, from $585M to $927M. Trade in Rare-earth metals, scandium and yttrium represent 0.0039% of total world trade.

Rare-earth metals, scandium and yttrium are a part of Alkaline Metals.

Exports In 2022 the top exporters of Rare-earth metals, scandium and yttrium  were China ($395M), Vietnam ($197M), Australia ($162M), Thailand ($121M), and Japan ($20.3M).

Imports In 2022 the top importers of Rare-earth metals, scandium and yttrium were Japan ($628M), Malaysia ($166M), Vietnam ($56.8M), Thailand ($18.4M), and United States ($14M).

Ranking Rare-earth metals, scandium and yttrium ranks 2824th in the Product Complexity Index (PCI).

Description Rare-earth metals are used in the magnets that power fluorescent lights and wind turbines. Scandium and yttrium are used in their alloys for aerospace and military applications.

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Rare-earth metals, scandium and yttrium. 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 (2022)China$395M
Top Destination (2022)Japan$628M

In 2022 Rare-earth metals, scandium and yttrium were the world's 2288th most traded product (out of 4,648).

In 2022, the top exporters of Rare-earth metals, scandium and yttrium were China ($395M), Vietnam ($197M), Australia ($162M), Thailand ($121M), and Japan ($20.3M).

In 2022, the top importers of Rare-earth metals, scandium and yttrium were Japan ($628M), Malaysia ($166M), Vietnam ($56.8M), Thailand ($18.4M), and United States ($14M).

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Exporters of Rare-earth metals, scandium and yttrium (2022)
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Importers of Rare-earth metals, scandium and yttrium (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$240M
Top Destination Growth (2021 -  2022)Japan$309M

Between 2021 and 2022, the exports of Rare-earth metals, scandium and yttrium grew the fastest in China ($240M), Australia ($67.1M), Thailand ($45.4M), Malaysia ($4.36M), and Japan ($4.3M).

Between 2021 and 2022, the fastest growing importers of Rare-earth metals, scandium and yttrium were Japan ($309M), Malaysia ($70.9M), Vietnam ($7.05M), Spain ($1.49M), and Philippines ($1.1M).

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Exporters of Rare-earth metals, scandium and yttrium (2021 - 2022)

Importers of Rare-earth metals, scandium and yttrium (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rare-earth metals, scandium and yttrium.

In 2022, market concentration measured using Shannon Entropy, was 2.2. This means that most of the exports of Rare-earth metals, scandium and yttrium are explained by 4 countries.

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Value of Exports in Rare-earth metals, scandium and yttrium

Net Trade

TOP NET EXPORTER (2022)China$392M
TOP NET IMPORTER (2022)Japan$608M

This map shows which countries export or import more of Rare-earth metals, scandium and yttrium. Each country is colored based on the difference in exports and imports of Rare-earth metals, scandium and yttrium during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Rare-earth metals, scandium and yttrium were China ($392M), Australia ($162M), Vietnam ($140M), Thailand ($103M), and Nigeria ($4.24M).

In 2022, the countries that had a largest trade value in imports than in exports of Rare-earth metals, scandium and yttrium were Japan ($608M), Malaysia ($151M), United States ($12M), South Korea ($7.06M), and Philippines ($3.62M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Rare-earth metals, scandium and yttrium.
It is possible to select the main countries that export or import Rare-earth metals, scandium and yttrium in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rare-earth metals, scandium and yttrium 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 (2022)

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