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Uranium or thorium ores and concentrates

2612 (Harmonized System 1992 for 4-digit)

2023
World Trade $919MRnk 937 / 1217
2023
Top Exporter | Top Importer $215M | $346MAustralia | France
2023
Product Complexity -2.75Rnk 1041 / 1044
2022 - 2023
Export Growth (CAGR) 32.9%Rnk 31 / 1217
2023
Share of World Trade 0.0041%Rnk 937 / 1217

About

Overview This page contains the latest trade data of Uranium and Thorium Ore. In 2023, Uranium and Thorium Ore were the world's 937th most traded product, with a total trade of $919M. Between 2022 and 2023 the exports of Uranium and Thorium Ore grew by 32.9%, from $692M to $919M. Trade in Uranium and Thorium Ore represent 0.0041% of total world trade.

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

Exports In 2023 the top exporters of Uranium and Thorium Ore  were Australia ($215M), Niger ($204M), Namibia ($177M), Canada ($107M), and Nigeria ($70.6M).

Imports In 2023 the top importers of Uranium and Thorium Ore were France ($346M), United States ($281M), China ($162M), Canada ($76.4M), and India ($53.5M).

Ranking Uranium and Thorium Ore ranks 1041st in the Product Complexity Index (PCI).

Description Uranium and thorium ores are used to produce nuclear fuel. Uranium and thorium concentrates are used to produce nuclear fuel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Uranium and Thorium 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.

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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)Australia$215M
Top Destination (2023)France$346M

In 2023 Uranium and Thorium Ore were the world's 937th most traded product (out of 1,217).

In 2023, the top exporters of Uranium and Thorium Ore were Australia ($215M), Niger ($204M), Namibia ($177M), Canada ($107M), and Nigeria ($70.6M).

In 2023, the top importers of Uranium and Thorium Ore were France ($346M), United States ($281M), China ($162M), Canada ($76.4M), and India ($53.5M).

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Exporters of Uranium and Thorium Ore (2023)
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Importers of Uranium and Thorium Ore (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Australia$124M
Top Destination Growth (2022 -  2023)United States$125M

Between 2022 and 2023, the exports of Uranium and Thorium Ore grew the fastest in Australia ($124M), Canada ($106M), Niger ($69.5M), Uzbekistan ($53.5M), and Nigeria ($53M).

Between 2022 and 2023, the fastest growing importers of Uranium and Thorium Ore were United States ($125M), France ($64M), India ($53.5M), Canada ($21.1M), and Romania ($94.7k).

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Exporters of Uranium and Thorium Ore (2022 - 2023)

Importers of Uranium and Thorium Ore (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Uranium and Thorium Ore.

In 2023, market concentration measured using Shannon Entropy, was 2.84. This means that most of the exports of Uranium and Thorium Ore are explained by 7 countries.

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Value of Exports in Uranium and Thorium Ore

Net Trade

TOP NET EXPORTER (2023)Australia$215M
TOP NET IMPORTER (2023)France$346M

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

In 2023, the countries that had a largest trade value in exports than in imports of Uranium and Thorium Ore were Australia ($215M), Niger ($204M), Namibia ($177M), Nigeria ($70.6M), and Uzbekistan ($53.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Uranium and Thorium Ore were France ($346M), United States ($281M), China ($162M), India ($52.7M), and Spain ($10.2k).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Uranium and Thorium Ore, disaggragated by their HS6 level were Uranium ores and concentrates ($757M) and Thorium ores and concentrates ($162M)

HS6 Disaggregation for Uranium and Thorium Ore (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 Uranium and Thorium Ore.
It is possible to select the main countries that export or import Uranium and Thorium Ore in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Uranium and Thorium Ore by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $368k
TOP IMPORT POTENTIALNiger+ $348

Uranium and Thorium Ore’s highest export potential is China. With an export gap of $368k.  Uranium and Thorium Ore’s highest import potential is Niger with an import gap of $348.

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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 Uranium and Thorium Ore.

Country by Relatedness

The following visualization shows the relatedness of Uranium and Thorium Ore 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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