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280530 (Harmonized System 1992 for 6-digit)

2023
World Trade $607MRnk 2650 / 4644
2023
Top Exporter | Top Importer $239M | $338MChina | Japan
2023
Product Complexity -0.25Rnk 2909 / 4656
2022 - 2023
Export Growth (CAGR) -32.2%Rnk 4301 / 4644
2023
Share of World Trade 0.0027%Rnk 2650 / 4644

About

Overview This page contains the latest trade data of Rare-earth metals, scandium and yttrium. In 2023, Rare-earth metals, scandium and yttrium were the world's 2650th most traded product, with a total trade of $607M. Between 2022 and 2023 the exports of Rare-earth metals, scandium and yttrium decreased by -32.2%, from $896M to $607M. Trade in Rare-earth metals, scandium and yttrium represent 0.0027% of total world trade.

Rare-earth metals, scandium and yttrium are a part of Alkali, alkaline-earth, rare-earth metals, scandium, yttrium, and mercury.

Exports In 2023 the top exporters of Rare-earth metals, scandium and yttrium  were China ($239M), Australia ($150M), Vietnam ($118M), Thailand ($54.7M), and Malaysia ($20.3M).

Imports In 2023 the top importers of Rare-earth metals, scandium and yttrium were Japan ($338M), Malaysia ($150M), Thailand ($24.1M), China ($21.4M), and Vietnam ($19.6M).

Ranking Rare-earth metals, scandium and yttrium ranks 2909th 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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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 (2023)China$239M
Top Destination (2023)Japan$338M

In 2023 Rare-earth metals, scandium and yttrium were the world's 2650th most traded product (out of 4,644).

In 2023, the top exporters of Rare-earth metals, scandium and yttrium were China ($239M), Australia ($150M), Vietnam ($118M), Thailand ($54.7M), and Malaysia ($20.3M).

In 2023, the top importers of Rare-earth metals, scandium and yttrium were Japan ($338M), Malaysia ($150M), Thailand ($24.1M), China ($21.4M), and Vietnam ($19.6M).

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Exporters of Rare-earth metals, scandium and yttrium (2023)
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Importers of Rare-earth metals, scandium and yttrium (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Malaysia$4.55M
Top Destination Growth (2022 -  2023)China$18.5M

Between 2022 and 2023, the exports of Rare-earth metals, scandium and yttrium grew the fastest in Malaysia ($4.55M), United States ($1.93M), Germany ($1.78M), Turkey ($840k), and Switzerland ($209k).

Between 2022 and 2023, the fastest growing importers of Rare-earth metals, scandium and yttrium were China ($18.5M), South Africa ($1.6M), India ($1.36M), Netherlands ($754k), and Austria ($544k).

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Exporters of Rare-earth metals, scandium and yttrium (2022 - 2023)

Importers of Rare-earth metals, scandium and yttrium (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.26. 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 (2023)China$218M
TOP NET IMPORTER (2023)Japan$324M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Rare-earth metals, scandium and yttrium were China ($218M), Australia ($150M), Vietnam ($98.1M), Thailand ($30.5M), and Turkey ($617k).

In 2023, the countries that had a largest trade value in imports than in exports of Rare-earth metals, scandium and yttrium were Japan ($324M), Malaysia ($130M), South Korea ($8.8M), Netherlands ($4.79M), and India ($4.68M).

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 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 (2023)

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