HS Icon Niobium, Tantalum, Vanadium and Zirconium Ore

2615 (Harmonized System 1992 for 4-digit)

World Trade (2019): $1.67B, Rnk 777 / 1217

Top Exporter (2019): $480M, South Africa

Top Importer (2019): $612M, China

Product Complexity (2019): -2.35, Rnk 948 / 961

Export Growth (CAGR)(2018 - 2019): -15.4%, Rnk 1083 / 1217

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

Share of World Trade (2019): 0.0092%, Rnk 777 / 1217

Overview:  This page contains the latest trade data of Niobium, Tantalum, Vanadium and Zirconium Ore. In 2019, Niobium, Tantalum, Vanadium and Zirconium Ore were the world's 777th most traded product, with a total trade of $1.67B. Between 2018 and 2019 the exports of Niobium, Tantalum, Vanadium and Zirconium Ore decreased by -15.4%, from  $1.98B to $1.67B. Trade in Niobium, Tantalum, Vanadium and Zirconium Ore represent 0.0092% of total world trade.

Exports: In 2019 the top exporters of Niobium, Tantalum, Vanadium and Zirconium Ore  were South Africa ($480M), Australia ($141M), Senegal ($105M), Indonesia ($105M), and Mozambique ($95.3M).

Imports: In 2019 the top importers of Niobium, Tantalum, Vanadium and Zirconium Ore were China ($612M), Spain ($130M), United States ($101M), India ($86M), and Japan ($82.9M).

Tariffs: In 2018 the average tariff for Niobium, Tantalum, Vanadium and Zirconium Ore was 2%, making it the 1235th 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 948th in the Product Complexity Index (PCI).

Description: Niobium, tantalum, vanadium and zirconium ores and concentrates are used in the manufacture of alloys for various purposes, including steel production, and in the production of high-temperature resistant glass.

Exporters and Importers

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Trade By Country

Top Origin (2019): South Africa, $480M

Top Destination (2019): China, $612M

Niobium, Tantalum, Vanadium and Zirconium Ore are the world's 777th most traded product.

In 2019, the top exporters of Niobium, Tantalum, Vanadium and Zirconium Ore were South Africa ($480M), Australia ($141M), Senegal ($105M), Indonesia ($105M), and Mozambique ($95.3M).

In 2019, the top importers of Niobium, Tantalum, Vanadium and Zirconium Ore were China ($612M), Spain ($130M), United States ($101M), India ($86M), and Japan ($82.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Indonesia, $28.1M

Top Destination Growth (2018 - 2019): China, $43.6M

Between 2018 and 2019, the exports of Niobium, Tantalum, Vanadium and Zirconium Ore grew the fastest in Indonesia ($28.1M), Nigeria ($27M), Senegal ($16.1M), Madagascar ($6.35M), and Netherlands ($4.77M).

Between 2018 and 2019, the fastest growing importers of Niobium, Tantalum, Vanadium and Zirconium Ore were China ($43.6M), Japan ($16.8M), Netherlands ($7.22M), Brazil ($2.49M), and Australia ($1.96M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Niobium, Tantalum, Vanadium and Zirconium Ore are explained by 18 countries.

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TOP NET EXPORTER (2019): South Africa, $479M

TOP NET IMPORTER (2019): China, $593M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Niobium, Tantalum, Vanadium and Zirconium Ore were South Africa ($479M), Australia ($137M), Senegal ($105M), Indonesia ($96.7M), and Mozambique ($94.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Niobium, Tantalum, Vanadium and Zirconium Ore were China ($593M), Spain ($112M), Japan ($82M), India ($80.8M), and Thailand ($71M).

Disaggregation

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Value

In 2019, the world most traded Niobium, Tantalum, Vanadium and Zirconium Ore, disaggragated by their HS6 level were Zirconium ores and concentrates ($1.27B) and Niobium, tantalum and vanadium ores and... ($402M)

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.