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

8101 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.47BRnk 846 / 1217
2023
Top Exporter | Top Importer $391M | $253MChina | United States
2023
Product Complexity 1.09Rnk 145 / 1044
2022 - 2023
Export Growth (CAGR) -6.07%Rnk 600 / 1217
2023
Share of World Trade 0.0065%Rnk 846 / 1217

About

Overview This page contains the latest trade data of Tungsten. In 2023, Tungsten were the world's 846th most traded product, with a total trade of $1.47B. Between 2022 and 2023 the exports of Tungsten decreased by -6.07%, from $1.56B to $1.47B. Trade in Tungsten represent 0.0065% 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 2023 the top exporters of Tungsten  were China ($391M), Germany ($198M), United States ($185M), Japan ($119M), and Austria ($86.2M).

Imports In 2023 the top importers of Tungsten were United States ($253M), Germany ($206M), Japan ($105M), Austria ($88.6M), and Chinese Taipei ($71.2M).

Ranking Tungsten ranks 145th in the Product Complexity Index (PCI).

Description Tungsten is a metal that is used in the production of light bulbs, and other products. Tungsten waste and scrap are leftover materials from the production of tungsten.

Latest Trends

Latest Data

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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.

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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$391M
Top Destination (2023)United States$253M

In 2023 Tungsten were the world's 846th most traded product (out of 1,217).

In 2023, the top exporters of Tungsten were China ($391M), Germany ($198M), United States ($185M), Japan ($119M), and Austria ($86.2M).

In 2023, the top importers of Tungsten were United States ($253M), Germany ($206M), Japan ($105M), Austria ($88.6M), and Chinese Taipei ($71.2M).

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

Color
Top Origin Growth (2022 -  2023)United States$30.6M
Top Destination Growth (2022 -  2023)India$16M

Between 2022 and 2023, the exports of Tungsten grew the fastest in United States ($30.6M), Philippines ($8.66M), Brunei ($7.86M), Israel ($5.09M), and Canada ($4.27M).

Between 2022 and 2023, the fastest growing importers of Tungsten were India ($16M), Chinese Taipei ($15.6M), China ($15M), Singapore ($10.2M), and Mexico ($7.02M).

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Exporters of Tungsten (2022 - 2023)

Importers of Tungsten (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Tungsten are explained by 15 countries.

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Value of Exports in Tungsten

Net Trade

TOP NET EXPORTER (2023)China$320M
TOP NET IMPORTER (2023)United States$68.3M

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

In 2023, the countries that had a largest trade value in exports than in imports of Tungsten were China ($320M), Czechia ($22.7M), Japan ($13.5M), Brunei ($8.93M), and Poland ($6.98M).

In 2023, the countries that had a largest trade value in imports than in exports of Tungsten were United States ($68.3M), Chinese Taipei ($59.1M), Finland ($44.1M), Mexico ($43.6M), and South Korea ($37.2M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Tungsten, disaggragated by their HS6 level were Tungsten unwrought, bars/rods simply sintered, scrap ($542M), Tungsten (wolfram) and articles thereof nes ($511M), Powders, tungsten (wolfram) ($285M), and Wire, tungsten (wolfram) ($127M)

HS6 Disaggregation for Tungsten (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 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.

Top 10 Exporters Countries of Tungsten by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $7.21M
TOP IMPORT POTENTIALUnited States+ $2.13M

Tungsten’s highest export potential is India. With an export gap of $7.21M.  Tungsten’s highest import potential is United States with an import gap of $2.13M.

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 Tungsten.

Country by Relatedness

The following visualization shows the relatedness of Tungsten 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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