HS Icon Aluminium ores and concentrates

260600 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Aluminium ores and concentrates. In 2019, Aluminium ores and concentrates were the world's 558th most traded product, with a total trade of $5.68B. Between 2018 and 2019 the exports of Aluminium ores and concentrates grew by 13.3%, from $5.01B to $5.68B. Trade in Aluminium ores and concentrates represent 0.031% of total world trade.

Exports In 2019 the top exporters of Aluminium ores and concentrates  were Guinea ($2.82B), Australia ($1.14B), Indonesia ($489M), Guyana ($271M), and Brazil ($261M).

Imports In 2019 the top importers of Aluminium ores and concentrates were China ($3.96B), Germany ($250M), Ireland ($184M), Spain ($174M), and United States ($168M).

Tariffs In 2018 the average tariff for Aluminium ores and concentrates was 2.32%, making it the 6151st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Aluminium ores and concentrates are Bahamas (40.2%), Bhutan (29.4%), Bermuda (25%), and Cayman Islands (22%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Description Aluminium ores are primarily used to produce aluminium metal, pigments, and chemical compounds. Aluminium concentrates are a byproduct of the extraction and processing of other metals. They are primarily used in the production of aluminium metal.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Guinea, $2.82B

Top Destination (2019): China, $3.96B

Aluminium ores and concentrates are the world's 558th most traded product.

In 2019, the top exporters of Aluminium ores and concentrates were Guinea ($2.82B), Australia ($1.14B), Indonesia ($489M), Guyana ($271M), and Brazil ($261M).

In 2019, the top importers of Aluminium ores and concentrates were China ($3.96B), Germany ($250M), Ireland ($184M), Spain ($174M), and United States ($168M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Guinea, $301M

Top Destination Growth (2018 - 2019): China, $517M

Between 2018 and 2019, the exports of Aluminium ores and concentrates grew the fastest in Guinea ($301M), Indonesia ($214M), Australia ($133M), Guyana ($127M), and Montenegro ($24.8M).

Between 2018 and 2019, the fastest growing importers of Aluminium ores and concentrates were China ($517M), United Arab Emirates ($125M), Germany ($121M), India ($29.2M), and Saudi Arabia ($16.5M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Aluminium ores and concentrates.

In 2019,  market concentration measured using Shannon Entropy, was 2.53. This means that most of the exports of Aluminium ores and concentrates are explained by 5 countries.

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TOP NET EXPORTER (2019): Guinea, $2.82B

TOP NET IMPORTER (2019): China, $3.81B

This map shows which countries export or import more of Aluminium ores and concentrates. Each country is colored based on the difference in exports and imports of Aluminium ores and concentrates during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Aluminium ores and concentrates were Guinea ($2.82B), Australia ($1.14B), Indonesia ($489M), Guyana ($271M), and Brazil ($248M).

In 2019, the countries that had a largest trade value in imports than in exports of Aluminium ores and concentrates were China ($3.81B), Germany ($237M), Ireland ($180M), Spain ($169M), and United States ($159M).

Import Tariffs

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In 2018, the average tariff for importing Aluminium ores and concentrates was 2.32%. The countries with the highest tariffs for importing Aluminium ores and concentrates were Bahamas (40.2%), Bhutan (29.4%), Bermuda (25%), and Cayman Islands (22%).

Product Complexity

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Diversification Frontier

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Specialization

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.