HS Icon Rare-Earth Metal Compounds

2846 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.33B, Rnk 841 / 1225

Top Exporter (2018): $360M, China

Top Importer (2018): $260M, Japan

Product Complexity (2018): 0.64, Rnk 308 / 1018

Export Growth (CAGR)(2017 - 2018): 22.8%, Rnk 264 / 1225

Mean Tariff (2018): 3.26%, Rnk 1112 / 1259

Share of World Trade (2018): 0.0072%, Rnk 841 / 1225

Overview:  This page contains the latest trade data of Rare-Earth Metal Compounds. In 2018, Rare-Earth Metal Compounds were the world's 841st most traded product, with a total trade of $1.33B. Between 2017 and 2018 the exports of Rare-Earth Metal Compounds grew by 22.8%, from  $1.08B to $1.33B. Trade in Rare-Earth Metal Compounds represent 0.0072% of total world trade.

Exports: In 2018 the top exporters of Rare-Earth Metal Compounds  were China ($360M), Malaysia ($255M), Japan ($235M), United States ($99.7M), and France ($66.9M).

Imports: In 2018 the top importers of Rare-Earth Metal Compounds were Japan ($260M), China ($244M), Vietnam ($154M), United States ($147M), and South Korea ($73M).

Tariffs: In 2018 the average tariff for Rare-Earth Metal Compounds was 3.26%, been the 1112 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rare-Earth Metal Compounds are Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Rare-Earth Metal Compounds ranks 308th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $360M

Top Destination (2018): Japan, $260M

Rare-Earth Metal Compounds are the world's 841st most traded product.

In 2018, the top exporters of Rare-Earth Metal Compounds were China ($360M), Malaysia ($255M), Japan ($235M), United States ($99.7M), and France ($66.9M).

In 2018, the top importers of Rare-Earth Metal Compounds were Japan ($260M), China ($244M), Vietnam ($154M), United States ($147M), and South Korea ($73M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $77.8M

Top Destination Growth (2017 - 2018): China, $73.9M

Between 2017 and 2018, the exports of Rare-Earth Metal Compounds grew the fastest in Japan ($77.8M), United States ($75.9M), Burma ($51.5M), China ($44.8M), and Malaysia ($37.5M).

Between 2017 and 2018, the fastest growing importers of Rare-Earth Metal Compounds were China ($73.9M), United States ($45.3M), Vietnam ($44.4M), Japan ($30.2M), and South Korea ($21.9M).

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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 Rare-Earth Metal Compounds.

In 2018,  market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Rare-Earth Metal Compounds are explained by 10 countries.

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TOP NET EXPORTER (2018): Malaysia, $246M

TOP NET IMPORTER (2018): Vietnam, $150M

This map shows which countries export or import more of Rare-Earth Metal Compounds. Each country is colored based on the difference in exports and imports of Rare-Earth Metal Compounds during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Rare-Earth Metal Compounds were Malaysia ($246M), China ($116M), Burma ($63.9M), France ($41.2M), and Norway ($18.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Rare-Earth Metal Compounds were Vietnam ($150M), South Korea ($58.4M), United States ($47.6M), Thailand ($45.2M), and Chinese Taipei ($40.4M).

Trade Forecasts

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This section shows forecasts for total trade for Rare-Earth Metal Compounds. 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 Rare-Earth Metal Compounds was 3.26%.  The countries with the highest tariffs for importing Rare-Earth Metal Compounds were Bahamas (40.2%), Bermuda (25%), Maldives (14.7%), Algeria (12.2%), and Aruba (12%).

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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.