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280530 (Harmonized System 1992 for 6-digit)

2022
World Trade $927MRnk 2288 / 4648
2022
Top Exporter | Top Importer $395M | $628MChina | Japan
2022
Product Complexity -0.21Rnk 2824 / 4653
2021 - 2022
Export Growth (CAGR) 58.4%Rnk 130 / 4648
2022
Share of World Trade 0.0039%Rnk 2288 / 4648

About

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 Trends

Latest Data

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Flow
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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Measure
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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