HS Icon Niobium, Tantalum, Vanadium and Zirconium Ore

2615 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.95B, Rnk 742 / 1225

Top Exporter (2018): $501M, South Africa

Top Importer (2018): $596M, China

Product Complexity (2018): -2.2, Rnk 1005 / 1018

Export Growth (CAGR)(2017 - 2018): 43.6%, Rnk 89 / 1225

Mean Tariff (2018): 2%, Rnk 1235 / 1259

Share of World Trade (2018): 0.011%, Rnk 742 / 1225

Overview:  This page contains the latest trade data of Niobium, Tantalum, Vanadium and Zirconium Ore. In 2018, Niobium, Tantalum, Vanadium and Zirconium Ore were the world's 742nd most traded product, with a total trade of $1.95B. Between 2017 and 2018 the exports of Niobium, Tantalum, Vanadium and Zirconium Ore grew by 43.6%, from  $1.36B to $1.95B. Trade in Niobium, Tantalum, Vanadium and Zirconium Ore represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Niobium, Tantalum, Vanadium and Zirconium Ore  were South Africa ($501M), Australia ($204M), United States ($104M), Malaysia ($101M), and Mozambique ($95.7M).

Imports: In 2018 the top importers of Niobium, Tantalum, Vanadium and Zirconium Ore were China ($596M), Thailand ($154M), Spain ($152M), United States ($133M), and India ($115M).

Tariffs: In 2018 the average tariff for Niobium, Tantalum, Vanadium and Zirconium Ore was 2%, been the 1235 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Niobium, Tantalum, Vanadium and Zirconium 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: Niobium, Tantalum, Vanadium and Zirconium Ore ranks 1005th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Africa, $501M

Top Destination (2018): China, $596M

Niobium, Tantalum, Vanadium and Zirconium Ore are the world's 742nd most traded product.

In 2018, the top exporters of Niobium, Tantalum, Vanadium and Zirconium Ore were South Africa ($501M), Australia ($204M), United States ($104M), Malaysia ($101M), and Mozambique ($95.7M).

In 2018, the top importers of Niobium, Tantalum, Vanadium and Zirconium Ore were China ($596M), Thailand ($154M), Spain ($152M), United States ($133M), and India ($115M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): South Africa, $136M

Top Destination Growth (2017 - 2018): China, $122M

Between 2017 and 2018, the exports of Niobium, Tantalum, Vanadium and Zirconium Ore grew the fastest in South Africa ($136M), Republic of the Congo ($57.4M), Indonesia ($45M), United States ($42.8M), and Rwanda ($37.4M).

Between 2017 and 2018, the fastest growing importers of Niobium, Tantalum, Vanadium and Zirconium Ore were China ($122M), Thailand ($108M), United States ($50.8M), India ($33.7M), and Japan ($30.9M).

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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 Niobium, Tantalum, Vanadium and Zirconium Ore.

In 2018,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Niobium, Tantalum, Vanadium and Zirconium Ore are explained by 20 countries.

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TOP NET EXPORTER (2018): South Africa, $501M

TOP NET IMPORTER (2018): China, $572M

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

In 2018, the countries that had a largest trade value in exports than in imports of Niobium, Tantalum, Vanadium and Zirconium Ore were South Africa ($501M), Australia ($202M), Mozambique ($93.5M), Senegal ($90.1M), and Rwanda ($76.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Niobium, Tantalum, Vanadium and Zirconium Ore were China ($572M), Thailand ($143M), Spain ($127M), India ($109M), and Italy ($70.7M).

Trade Forecasts

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This section shows forecasts for total trade for Niobium, Tantalum, Vanadium and Zirconium 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 Niobium, Tantalum, Vanadium and Zirconium Ore was 2%.  The countries with the highest tariffs for importing Niobium, Tantalum, Vanadium and Zirconium 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.