HS Icon Titanium Ore

2614 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.62B, Rnk 662 / 1225

Top Exporter (2018): $649M, South Africa

Top Importer (2018): $417M, China

Product Complexity (2018): -1.53, Rnk 942 / 1018

Export Growth (CAGR)(2017 - 2018): 23.4%, Rnk 255 / 1225

Mean Tariff (2018): 1.9%, Rnk 1245 / 1259

Share of World Trade (2018): 0.014%, Rnk 662 / 1225

Overview:  This page contains the latest trade data of Titanium Ore. In 2018, Titanium Ore were the world's 662nd most traded product, with a total trade of $2.62B. Between 2017 and 2018 the exports of Titanium Ore grew by 23.4%, from  $2.12B to $2.62B. Trade in Titanium Ore represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Titanium Ore  were South Africa ($649M), Australia ($300M), Mozambique ($275M), Norway ($162M), and Kenya ($152M).

Imports: In 2018 the top importers of Titanium Ore were China ($417M), United States ($315M), Germany ($266M), United Kingdom ($193M), and Netherlands ($183M).

Tariffs: In 2018 the average tariff for Titanium Ore was 1.9%, been the 1245 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Titanium 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: Titanium Ore ranks 942nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Africa, $649M

Top Destination (2018): China, $417M

Titanium Ore are the world's 662nd most traded product.

In 2018, the top exporters of Titanium Ore were South Africa ($649M), Australia ($300M), Mozambique ($275M), Norway ($162M), and Kenya ($152M).

In 2018, the top importers of Titanium Ore were China ($417M), United States ($315M), Germany ($266M), United Kingdom ($193M), and Netherlands ($183M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): South Africa, $187M

Top Destination Growth (2017 - 2018): United States, $314M

Between 2017 and 2018, the exports of Titanium Ore grew the fastest in South Africa ($187M), Mozambique ($131M), Belgium-Luxembourg ($49.6M), Madagascar ($34.2M), and Ukraine ($33.1M).

Between 2017 and 2018, the fastest growing importers of Titanium Ore were United States ($314M), Saudi Arabia ($109M), Netherlands ($67M), Mexico ($35.9M), and United Kingdom ($30.1M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Titanium Ore are explained by 13 countries.

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TOP NET EXPORTER (2018): South Africa, $636M

TOP NET IMPORTER (2018): China, $388M

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

In 2018, the countries that had a largest trade value in exports than in imports of Titanium Ore were South Africa ($636M), Mozambique ($275M), Australia ($272M), Kenya ($152M), and Sierra Leone ($145M).

In 2018, the countries that had a largest trade value in imports than in exports of Titanium Ore were China ($388M), United States ($288M), Germany ($261M), Netherlands ($175M), and United Kingdom ($169M).

Trade Forecasts

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

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Import Tariffs

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In 2018, the average tariff for importing Titanium Ore was 1.9%.  The countries with the highest tariffs for importing Titanium Ore were Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Nepal (9.89%).

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Product Complexity

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Diversification Frontier

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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.