Overview: This page contains the latest trade data of Mineral Products. In 2019, Mineral Products were the world's 2nd most traded product, with a total trade of $2.51T. Between 2018 and 2019 the exports of Mineral Products decreased by -8.63%, from $2.74T to $2.51T. Trade in Mineral Products represent 13.8% of total world trade.
Exports: In 2019 the top exporters of Mineral Products were Russia ($246B), United States ($209B), Saudi Arabia ($172B), Australia ($172B), and Canada ($110B).
Imports: In 2019 the top importers of Mineral Products were China ($446B), United States ($201B), Japan ($164B), India ($150B), and South Korea ($137B).
Tariffs: In 2018 the average tariff for Mineral Products was 3.41%, making it the 21st lowest tariff using the Section product classification.
The countries with the highest import tariffs for Mineral Products are Bahamas (24.4%), Bermuda (22.4%), Austria (17.8%), Uzbekistan (13.3%), and Nepal (11.1%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Mauritius (0.04%).
Ranking: Mineral Products ranks 21st in the Product Complexity Index (PCI).