Rare-Earth Metal Compounds2846 (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).
Trade By Country
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).
Trade by country
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).
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.
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).
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.
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