HS Icon Manganese Ore

2602 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.04B, Rnk 385 / 1225

Top Exporter (2018): $3.53B, South Africa

Top Importer (2018): $4.84B, China

Product Complexity (2018): -2.43, Rnk 1014 / 1018

Export Growth (CAGR)(2017 - 2018): 32.4%, Rnk 154 / 1225

Mean Tariff (2018): 2.24%, Rnk 1208 / 1259

Share of World Trade (2018): 0.044%, Rnk 385 / 1225

Overview: In 2018, Manganese Ore were the world's 385th most traded product, with a total trade of $8.04B. Between 2017 and 2018 the exports of Manganese Ore grew by 32.4%, from  $6.07B to $8.04B. Trade in Manganese Ore represent 0.044% of total world trade.

Exports: In 2018 the top exporters of Manganese Ore  were South Africa ($3.53B), Australia ($1.93B), Gabon ($1.22B), Brazil ($418M), and Ghana ($389M).

Imports: In 2018 the top importers of Manganese Ore were China ($4.84B), India ($554M), South Korea ($349M), Japan ($341M), and Norway ($303M).

Tariffs: In 2018 the average tariff for Manganese Ore was 2.24%, been the 1208 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Manganese Ore are Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Nepal (9.89%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Manganese Ore ranks 1014th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): South Africa, $3.53B

Top Destination (2018): China, $4.84B

Manganese Ore are the world's 385th most traded product.

In 2018, the top exporters of Manganese Ore were South Africa ($3.53B), Australia ($1.93B), Gabon ($1.22B), Brazil ($418M), and Ghana ($389M).

In 2018, the top importers of Manganese Ore were China ($4.84B), India ($554M), South Korea ($349M), Japan ($341M), and Norway ($303M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): South Africa, $896M

Top Destination Growth (2017 - 2018): China, $1.54B

Between 2017 and 2018, the exports of Manganese Ore grew the fastest in South Africa ($896M), Australia ($580M), Gabon ($208M), Ghana ($125M), and Brazil ($63M).

Between 2017 and 2018, the fastest growing importers of Manganese Ore were China ($1.54B), Malaysia ($84.5M), Russia ($82.5M), South Korea ($56.5M), and United States ($45.3M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 2.44. This means that most of the exports of Manganese Ore are explained by 5 countries.

Explore Visualizations

TOP NET EXPORTER (2018): South Africa, $3.52B

TOP NET IMPORTER (2018): China, $4.82B

This map shows which countries export or import more of Manganese Ore. Each country is colored based on the difference in exports and imports of Manganese Ore during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Manganese Ore were South Africa ($3.52B), Australia ($1.9B), Gabon ($1.22B), Brazil ($398M), and Ghana ($389M).

In 2018, the countries that had a largest trade value in imports than in exports of Manganese Ore were China ($4.82B), India ($545M), South Korea ($348M), Japan ($340M), and Norway ($298M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Manganese Ore. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Manganese Ore was 2.24%.  The countries with the highest tariffs for importing Manganese Ore were Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Nepal (9.89%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.