HS Icon Tungsten

Tungsten (wolfram); articles thereof, including waste and scrap

N/A

  • N/A, Rnk 1130 / 1259
  • N/A, Rnk N/A / N/A

Overview This page contains the latest trade data of Tungsten. In N/A, Tungsten were the world's N/A most traded product, with a total trade of N/A. Between N/A and N/A the exports of Tungsten grew by 30.8%, from N/A to N/A. Trade in Tungsten represent N/A of total world trade.

Tungsten are a part of Cermet articles. They include Tungsten (wolfram) and articles thereof nes, Tungsten unwrought, bars/rods simply sintered, scrap, Powders, tungsten (wolfram), Wire, tungsten (wolfram), and Tungsten profiles, sheet or foil, not simply sintered.

Exports In N/A the top exporters of Tungsten  were China ($333M), Germany ($194M), United States ($111M), Japan ($110M), and Austria ($68.4M).

Imports In N/A the top importers of Tungsten were United States ($207M), Germany ($149M), Japan ($109M), Austria ($103M), and South Korea ($77.7M).

Tariffs In 2018 the average tariff for Tungsten was 3.16%, making it the 1130th lowest tariff using the HS4 product classification.

Ranking Tungsten ranks 66th in the Product Complexity Index (PCI).

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Tungsten. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): China, $333M

Top Destination (2021): United States, $207M

In N/A, the top exporters of Tungsten were China ($333M), Germany ($194M), United States ($111M), Japan ($110M), and Austria ($68.4M).

In N/A, the top importers of Tungsten were United States ($207M), Germany ($149M), Japan ($109M), Austria ($103M), and South Korea ($77.7M).

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Market Dynamics

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Trade by country

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Top Origin Growth (2020 -  2021): China, $84.6M

Top Destination Decrease (2020 -  2021): Malaysia, -$10.1M

Between 2020 and 2021, the exports of Tungsten grew the fastest in China ($84.6M), Germany ($68.8M), Japan ($29.3M), India ($17.2M), and Austria ($13.3M).

Between 2020 and 2021, the fastest declining importers of Tungsten were Malaysia (-$10.1M), Estonia (-$3.05M), Chinese Taipei (-$2.76M), Australia (-$1.89M), and Israel (-$1.37M).

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Market Concentration

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Cumulative market share

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

In N/A, market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Tungsten are explained by 15 countries.

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Disaggregation

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Value

In 2021, the world most traded Tungsten, disaggragated by their HS6 level were Tungsten unwrought, bars/rods simply sintered, scrap ($477M), Tungsten (wolfram) and articles thereof nes ($416M), Powders, tungsten (wolfram) ($237M), and Wire, tungsten (wolfram) ($111M)

Country Comparison

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Measure
Ranking

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

Product Complexity

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Diversification Frontier

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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.