HS Icon Niobium, tantalum and vanadium ores and concentrates

261590 (Harmonized System 1992 for 6-digit)

World Trade (2018): $486M, Rnk 2818 / 4726

Top Exporter (2018): $76.7M, Rwanda

Top Importer (2018): $119M, Thailand

Product Complexity (2018): -1.95, Rnk 4721 / 4873

Export Growth (CAGR)(2017 - 2018): 131%, Rnk 59 / 4726

Mean Tariff (2018): 2.14%, Rnk 6151 / 6538

Share of World Trade (2018): 0.0026%, Rnk 2818 / 4726

Overview:  This page contains the latest trade data of Niobium, tantalum and vanadium ores and concentrates. In 2018, Niobium, tantalum and vanadium ores and concentrates were the world's 2818th most traded product, with a total trade of $486M. Between 2017 and 2018 the exports of Niobium, tantalum and vanadium ores and concentrates grew by 131%, from  $210M to $486M. Trade in Niobium, tantalum and vanadium ores and concentrates represent 0.0026% of total world trade.

Exports: In 2018 the top exporters of Niobium, tantalum and vanadium ores and concentrates  were Rwanda ($76.7M), Republic of the Congo ($57.4M), Democratic Republic of the Congo ($41.1M), Brazil ($35.3M), and Germany ($29.8M).

Imports: In 2018 the top importers of Niobium, tantalum and vanadium ores and concentrates were Thailand ($119M), China ($106M), United States ($81.7M), Germany ($35.9M), and Malaysia ($21.6M).

Tariffs: In 2018 the average tariff for Niobium, tantalum and vanadium ores and concentrates was 2.14%, been the 6151 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Niobium, tantalum and vanadium ores and concentrates 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 and vanadium ores and concentrates ranks 4721st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Rwanda, $76.7M

Top Destination (2018): Thailand, $119M

Niobium, tantalum and vanadium ores and concentrates are the world's 2818th most traded product.

In 2018, the top exporters of Niobium, tantalum and vanadium ores and concentrates were Rwanda ($76.7M), Republic of the Congo ($57.4M), Democratic Republic of the Congo ($41.1M), Brazil ($35.3M), and Germany ($29.8M).

In 2018, the top importers of Niobium, tantalum and vanadium ores and concentrates were Thailand ($119M), China ($106M), United States ($81.7M), Germany ($35.9M), and Malaysia ($21.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Republic of the Congo, $57.4M

Top Destination Growth (2017 - 2018): Thailand, $111M

Between 2017 and 2018, the exports of Niobium, tantalum and vanadium ores and concentrates grew the fastest in Republic of the Congo ($57.4M), Rwanda ($37.4M), Germany ($24.9M), Mexico ($24M), and Brazil ($18.5M).

Between 2017 and 2018, the fastest growing importers of Niobium, tantalum and vanadium ores and concentrates were Thailand ($111M), United States ($40M), Germany ($21.4M), Malaysia ($18.6M), and Latvia ($12.5M).

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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 and vanadium ores and concentrates.

In 2018,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Niobium, tantalum and vanadium ores and concentrates are explained by 19 countries.

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TOP NET EXPORTER (2018): Rwanda, $76.7M

TOP NET IMPORTER (2018): Thailand, $117M

This map shows which countries export or import more of Niobium, tantalum and vanadium ores and concentrates. Each country is colored based on the difference in exports and imports of Niobium, tantalum and vanadium ores and concentrates during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Niobium, tantalum and vanadium ores and concentrates were Rwanda ($76.7M), Republic of the Congo ($57.4M), Democratic Republic of the Congo ($41.1M), Brazil ($35.1M), and Nigeria ($28.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Niobium, tantalum and vanadium ores and concentrates were Thailand ($117M), China ($103M), United States ($75M), Latvia ($14.2M), and Kazakhstan ($13.6M).

Trade Forecasts

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This section shows forecasts for total trade for Niobium, tantalum and vanadium ores and concentrates. 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 and vanadium ores and concentrates was 2.14%.  The countries with the highest tariffs for importing Niobium, tantalum and vanadium ores and concentrates 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.