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Pricing

261100 (Harmonized System 1992 for 6-digit)

2022
World Trade $261MRnk 3527 / 4648
2022
Top Exporter | Top Importer $52.7M | $60.3MRwanda | China
2022
Product Complexity -2.23Rnk 4578 / 4653
2021 - 2022
Export Growth (CAGR) 18.5%Rnk 872 / 4648
2022
Share of World Trade 0.0011%Rnk 3527 / 4648

About

Overview This page contains the latest trade data of Tungsten ores and concentrates. In 2022, Tungsten ores and concentrates were the world's 3527th most traded product, with a total trade of $261M. Between 2021 and 2022 the exports of Tungsten ores and concentrates grew by 18.5%, from $221M to $261M. Trade in Tungsten ores and concentrates represent 0.0011% of total world trade.

Tungsten ores and concentrates are a part of Tungsten Ore.

Exports In 2022 the top exporters of Tungsten ores and concentrates  were Rwanda ($52.7M), Spain ($40.7M), North Korea ($30.9M), Bolivia ($29.6M), and Russia ($17.6M).

Imports In 2022 the top importers of Tungsten ores and concentrates were China ($60.3M), United States ($48.2M), Austria ($41.4M), Vietnam ($37.5M), and United Arab Emirates ($19.4M).

Ranking Tungsten ores and concentrates ranks 4578th in the Product Complexity Index (PCI).

Description Tungsten ores are often found in other minerals like tin, lead, gold, and copper. When these minerals are mined, they are separated and tungsten is extracted. Tungsten concentrates are produced in the process of separating tungsten from other ores. Tungsten is very useful in alloys and has many industrial applications.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tungsten ores and concentrates. 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 (2022)Rwanda$52.7M
Top Destination (2022)China$60.3M

In 2022 Tungsten ores and concentrates were the world's 3527th most traded product (out of 4,648).

In 2022, the top exporters of Tungsten ores and concentrates were Rwanda ($52.7M), Spain ($40.7M), North Korea ($30.9M), Bolivia ($29.6M), and Russia ($17.6M).

In 2022, the top importers of Tungsten ores and concentrates were China ($60.3M), United States ($48.2M), Austria ($41.4M), Vietnam ($37.5M), and United Arab Emirates ($19.4M).

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Exporters of Tungsten ores and concentrates (2022)
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Importers of Tungsten ores and concentrates (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)North Korea$30.3M
Top Destination Growth (2021 -  2022)Austria$17.1M

Between 2021 and 2022, the exports of Tungsten ores and concentrates grew the fastest in North Korea ($30.3M), Spain ($27M), Thailand ($5.16M), United States ($4.14M), and Australia ($3.48M).

Between 2021 and 2022, the fastest growing importers of Tungsten ores and concentrates were Austria ($17.1M), Vietnam ($16.7M), United States ($12.9M), Hong Kong ($5.99M), and United Arab Emirates ($4.79M).

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Exporters of Tungsten ores and concentrates (2021 - 2022)

Importers of Tungsten ores and concentrates (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tungsten ores and concentrates.

In 2022, market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Tungsten ores and concentrates are explained by 14 countries.

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Value of Exports in Tungsten ores and concentrates

Net Trade

TOP NET EXPORTER (2022)Rwanda$52.7M
TOP NET IMPORTER (2022)China$58.5M

This map shows which countries export or import more of Tungsten ores and concentrates. Each country is colored based on the difference in exports and imports of Tungsten ores and concentrates during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Tungsten ores and concentrates were Rwanda ($52.7M), Spain ($40.7M), North Korea ($30.9M), Bolivia ($29.6M), and Russia ($16.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Tungsten ores and concentrates were China ($58.5M), Austria ($41.4M), United States ($38M), Vietnam ($36.3M), and United Arab Emirates ($18.3M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Tungsten ores and concentrates by percentage of total exports

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 (2022)

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