HS Icon Tungsten Ore

2611 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Tungsten Ore. In 2020, Tungsten Ore were the world's 1151st most traded product, with a total trade of $123M. Between 2019 and 2020 the exports of Tungsten Ore decreased by -33%, from $183M to $123M. Trade in Tungsten Ore represent 0.00073% of total world trade.

Tungsten Ore are a part of Ores, slag and ash. They include Tungsten ores and concentrates.

Exports In 2020 the top exporters of Tungsten Ore  were Russia ($27.1M), Bolivia ($23.4M), Portugal ($16.9M), Rwanda ($4.7M), and North Korea ($4.55M).

Imports In 2020 the top importers of Tungsten Ore were United States ($38.8M), Netherlands ($16.2M), China ($16.2M), Austria ($14.7M), and Vietnam ($14.1M).

Tariffs In 2018 the average tariff for Tungsten Ore was 2.09%, making it the 1232nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Tungsten Ore are Bahamas (40.2%), Bhutan (29.4%), Bermuda (25%), and Cayman Islands (22%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Tungsten Ore. 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 (2020): Russia, $27.1M

Top Destination (2020): United States, $38.8M

Tungsten Ore are the world's 1151st most traded product.

In 2020, the top exporters of Tungsten Ore were Russia ($27.1M), Bolivia ($23.4M), Portugal ($16.9M), Rwanda ($4.7M), and North Korea ($4.55M).

In 2020, the top importers of Tungsten Ore were United States ($38.8M), Netherlands ($16.2M), China ($16.2M), Austria ($14.7M), and Vietnam ($14.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): South Korea, $3.77M

Top Destination Growth (2019 - 2020): Netherlands, $3.55M

Between 2019 and 2020, the exports of Tungsten Ore grew the fastest in South Korea ($3.77M), Myanmar ($2.45M), France ($1.97M), Democratic Republic of the Congo ($1.06M), and Japan ($992k).

Between 2019 and 2020, the fastest growing importers of Tungsten Ore were Netherlands ($3.55M), Austria ($1.76M), Hong Kong ($1.56M), Vietnam ($911k), and United Kingdom ($379k).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 3.87. This means that most of the exports of Tungsten Ore are explained by 14 countries.

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TOP NET EXPORTER (2020): Russia, $23.6M

TOP NET IMPORTER (2020): United States, $34.3M

This map shows which countries export or import more of Tungsten Ore. Each country is colored based on the difference in exports and imports of Tungsten Ore during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Tungsten Ore were Russia ($23.6M), Bolivia ($23.4M), Portugal ($15.8M), Rwanda ($4.7M), and North Korea ($4.55M).

In 2020, the countries that had a largest trade value in imports than in exports of Tungsten Ore were United States ($34.3M), Netherlands ($15.8M), China ($15.2M), Austria ($14.7M), and Vietnam ($12.8M).

Disaggregation

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Value

In 2019, the world most traded Tungsten Ore, disaggragated by their HS6 level were Tungsten ores and concentrates ($123M)

Country Comparison

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Flow
Measure
Ranking

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

Import Tariffs

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In 2018, the average tariff for importing Tungsten Ore was 2.09%. The countries with the highest tariffs for importing Tungsten Ore were Bahamas (40.2%), Bhutan (29.4%), Bermuda (25%), and Cayman Islands (22%).

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.

Country by Relatedness

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