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Titanium; articles thereof, including waste and scrap

8108 (Harmonized System 1992 for 4-digit)

2023
World Trade $7.51BRnk 431 / 1217
2023
Top Exporter | Top Importer $1.99B | $1.06BUnited States | United States
2023
Product Complexity 0.29Rnk 463 / 1044
2022 - 2023
Export Growth (CAGR) 19.9%Rnk 65 / 1217
2023
Share of World Trade 0.033%Rnk 431 / 1217

About

Overview This page contains the latest trade data of Titanium. In 2023, Titanium were the world's 431st most traded product, with a total trade of $7.51B. Between 2022 and 2023 the exports of Titanium grew by 19.9%, from $6.26B to $7.51B. Trade in Titanium represent 0.033% of total world trade.

Titanium are a part of Cermet articles. They include Titanium, articles thereof, nes and Titanium, unwrought, waste or scrap, powders.

Exports In 2023 the top exporters of Titanium  were United States ($1.99B), China ($933M), Japan ($824M), Russia ($813M), and Germany ($574M).

Imports In 2023 the top importers of Titanium were United States ($1.06B), Germany ($1.02B), France ($966M), United Kingdom ($635M), and China ($491M).

Ranking Titanium ranks 463rd in the Product Complexity Index (PCI).

Description Titanium is a chemical element that is used in the production of many different products. Titanium can be found in the form of titanium dioxide, which is used to make white paint. Titanium can also be found in the form of titanium tetrachloride, which is used to make jet fuel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Titanium. 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)United States$1.99B
Top Destination (2023)United States$1.06B

In 2023 Titanium were the world's 431st most traded product (out of 1,217).

In 2023, the top exporters of Titanium were United States ($1.99B), China ($933M), Japan ($824M), Russia ($813M), and Germany ($574M).

In 2023, the top importers of Titanium were United States ($1.06B), Germany ($1.02B), France ($966M), United Kingdom ($635M), and China ($491M).

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

Color
Top Origin Growth (2022 -  2023)United States$450M
Top Destination Growth (2022 -  2023)France$259M

Between 2022 and 2023, the exports of Titanium grew the fastest in United States ($450M), United Kingdom ($146M), Russia ($134M), France ($103M), and Germany ($97.6M).

Between 2022 and 2023, the fastest growing importers of Titanium were France ($259M), United States ($257M), Germany ($221M), United Kingdom ($168M), and Turkey ($89.1M).

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Exporters of Titanium (2022 - 2023)

Importers of Titanium (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.69. This means that most of the exports of Titanium are explained by 12 countries.

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Value of Exports in Titanium

Net Trade

TOP NET EXPORTER (2023)United States$933M
TOP NET IMPORTER (2023)France$534M

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

In 2023, the countries that had a largest trade value in exports than in imports of Titanium were United States ($933M), Russia ($757M), Japan ($622M), China ($443M), and Kazakhstan ($170M).

In 2023, the countries that had a largest trade value in imports than in exports of Titanium were France ($534M), Germany ($444M), South Korea ($197M), Turkey ($188M), and India ($125M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Titanium, disaggragated by their HS6 level were Titanium, articles thereof, nes ($5.85B) and Titanium, unwrought, waste or scrap, powders ($1.66B)

HS6 Disaggregation for Titanium (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 Titanium.
It is possible to select the main countries that export or import Titanium in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Titanium by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $31.2M
TOP IMPORT POTENTIALChina+ $4.91M

Titanium’s highest export potential is China. With an export gap of $31.2M.  Titanium’s highest import potential is China with an import gap of $4.91M.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Titanium.

Country by Relatedness

The following visualization shows the relatedness of Titanium 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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