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Tantalum; articles thereof, including waste and scrap

8103 (Harmonized System 1992 for 4-digit)

2023
World Trade $897MRnk 941 / 1217
2023
Top Exporter | Top Importer $242M | $214MChina | United States
2023
Product Complexity 0.67Rnk 302 / 1044
2022 - 2023
Export Growth (CAGR) -35.7%Rnk 1181 / 1217
2023
Share of World Trade 0.004%Rnk 941 / 1217

About

Overview This page contains the latest trade data of Tantalum. In 2023, Tantalum were the world's 941st most traded product, with a total trade of $897M. Between 2022 and 2023 the exports of Tantalum decreased by -35.7%, from $1.4B to $897M. Trade in Tantalum represent 0.004% of total world trade.

Tantalum are a part of Cermet articles. They include Tantalum unwrought, bars, rods simply sintered, scrap and Tantalum and articles thereof nes.

Exports In 2023 the top exporters of Tantalum  were China ($242M), United States ($214M), Japan ($125M), Kazakhstan ($71.2M), and Germany ($58.7M).

Imports In 2023 the top importers of Tantalum were United States ($214M), China ($86.9M), Chinese Taipei ($57.5M), El Salvador ($55.1M), and Japan ($54.9M).

Ranking Tantalum ranks 302nd in the Product Complexity Index (PCI).

Description Tantalum is a chemical element that is used in the production of other materials. Tantalum waste and scrap are materials that contain tantalum, but do not contain any other elements.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tantalum. 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$242M
Top Destination (2023)United States$214M

In 2023 Tantalum were the world's 941st most traded product (out of 1,217).

In 2023, the top exporters of Tantalum were China ($242M), United States ($214M), Japan ($125M), Kazakhstan ($71.2M), and Germany ($58.7M).

In 2023, the top importers of Tantalum were United States ($214M), China ($86.9M), Chinese Taipei ($57.5M), El Salvador ($55.1M), and Japan ($54.9M).

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Exporters of Tantalum (2023)
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Importers of Tantalum (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Kazakhstan$7.37M
Top Destination Growth (2022 -  2023)Russia$15.4M

Between 2022 and 2023, the exports of Tantalum grew the fastest in Kazakhstan ($7.37M), Slovenia ($2.45M), Canada ($1.83M), Mexico ($1.48M), and Ethiopia ($1.09M).

Between 2022 and 2023, the fastest growing importers of Tantalum were Russia ($15.4M), Philippines ($5.2M), Thailand ($4.79M), France ($4.6M), and Canada ($4.32M).

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Exporters of Tantalum (2022 - 2023)

Importers of Tantalum (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tantalum.

In 2023, market concentration measured using Shannon Entropy, was 3.21. This means that most of the exports of Tantalum are explained by 9 countries.

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Value of Exports in Tantalum

Net Trade

TOP NET EXPORTER (2023)China$155M
TOP NET IMPORTER (2023)El Salvador$55M

This map shows which countries export or import more of Tantalum. Each country is colored based on the difference in exports and imports of Tantalum during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Tantalum were China ($155M), Japan ($70.4M), Kazakhstan ($54.2M), Thailand ($24.5M), and Israel ($16.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Tantalum were El Salvador ($55M), Chinese Taipei ($48.1M), Indonesia ($38.9M), Mexico ($36.5M), and Russia ($35.9M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Tantalum, disaggragated by their HS6 level were Tantalum unwrought, bars, rods simply sintered,... ($511M) and Tantalum and articles thereof nes ($387M)

HS6 Disaggregation for Tantalum (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Tantalum by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALSouth Korea+ $4.27M
TOP IMPORT POTENTIALKazakhstan+ $3.15M

Tantalum’s highest export potential is South Korea. With an export gap of $4.27M.  Tantalum’s highest import potential is Kazakhstan with an import gap of $3.15M.

See methodology.

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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)

Country by Relatedness

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

Relative Relatedness by Country (2023)

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