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810197 (Harmonized System 2002 for 6-digit)

2023
World Trade $420MRnk 3147 / 4940
2023
Top Exporter | Top Importer $131M | $103MGermany | Germany
2023
Product Complexity 0.19Rnk 2367 / 4951
2022 - 2023
Export Growth (CAGR) -21.6%Rnk 4043 / 4940
2023
Share of World Trade 0.0019%Rnk 3147 / 4940

About

Overview This page contains the latest trade data of Tungsten (wolfram): waste and scrap. In 2023, Tungsten (wolfram): waste and scrap were the world's 3147th most traded product, with a total trade of $420M. Between 2022 and 2023 the exports of Tungsten (wolfram): waste and scrap decreased by -21.6%, from $536M to $420M. Trade in Tungsten (wolfram): waste and scrap represent 0.0019% of total world trade.

Tungsten (wolfram): waste and scrap are a part of Tungsten (wolfram); articles thereof, including waste and scrap.

Exports In 2023 the top exporters of Tungsten (wolfram): waste and scrap  were Germany ($131M), United States ($37M), Japan ($23.5M), China ($17.9M), and Austria ($17.3M).

Imports In 2023 the top importers of Tungsten (wolfram): waste and scrap were Germany ($103M), United States ($84.9M), Austria ($69.4M), Finland ($43.8M), and Chinese Taipei ($20.2M).

Ranking Tungsten (wolfram): waste and scrap ranks 2367th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tungsten (wolfram): waste and scrap. 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)Germany$131M
Top Destination (2023)Germany$103M

In 2023 Tungsten (wolfram): waste and scrap were the world's 3147th most traded product (out of 4,940).

In 2023, the top exporters of Tungsten (wolfram): waste and scrap were Germany ($131M), United States ($37M), Japan ($23.5M), China ($17.9M), and Austria ($17.3M).

In 2023, the top importers of Tungsten (wolfram): waste and scrap were Germany ($103M), United States ($84.9M), Austria ($69.4M), Finland ($43.8M), and Chinese Taipei ($20.2M).

Explore Visualizations

Exporters of Tungsten (wolfram): waste and scrap (2023)
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Importers of Tungsten (wolfram): waste and scrap (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Kazakhstan$3.66M
Top Destination Growth (2022 -  2023)Chinese Taipei$7.51M

Between 2022 and 2023, the exports of Tungsten (wolfram): waste and scrap grew the fastest in Kazakhstan ($3.66M), Brunei ($3.55M), Canada ($1.89M), Singapore ($1.31M), and Indonesia ($1.08M).

Between 2022 and 2023, the fastest growing importers of Tungsten (wolfram): waste and scrap were Chinese Taipei ($7.51M), Singapore ($4.67M), Vietnam ($2.22M), Luxembourg ($1.11M), and Canada ($1.06M).

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Exporters of Tungsten (wolfram): waste and scrap (2022 - 2023)

Importers of Tungsten (wolfram): waste and scrap (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tungsten (wolfram): waste and scrap.

In 2023, market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Tungsten (wolfram): waste and scrap are explained by 19 countries.

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Value of Exports in Tungsten (wolfram): waste and scrap

Net Trade

TOP NET EXPORTER (2023)Germany$27.7M
TOP NET IMPORTER (2023)Austria$52.1M

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

In 2023, the countries that had a largest trade value in exports than in imports of Tungsten (wolfram): waste and scrap were Germany ($27.7M), China ($11.9M), Poland ($11.6M), Japan ($10.9M), and Italy ($10.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Tungsten (wolfram): waste and scrap were Austria ($52.1M), United States ($47.9M), Finland ($43.4M), Chinese Taipei ($17.5M), and Singapore ($6.45M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Tungsten (wolfram): waste and scrap 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 (2023)

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