Overview: This page contains the latest trade data of Rare-Earth Metal Compounds. In 2019, Rare-Earth Metal Compounds were the world's 840th most traded product, with a total trade of $1.34B. Between 2018 and 2019 the exports of Rare-Earth Metal Compounds grew by 0.22%, from $1.33B to $1.34B. Trade in Rare-Earth Metal Compounds represent 0.0074% of total world trade.
Exports: In 2019 the top exporters of Rare-Earth Metal Compounds were China ($332M), Malaysia ($222M), Japan ($204M), Myanmar ($146M), and United States ($82M).
Imports: In 2019 the top importers of Rare-Earth Metal Compounds were China ($320M), Japan ($246M), Vietnam ($148M), United States ($141M), and South Korea ($66.1M).
Tariffs: In 2018 the average tariff for Rare-Earth Metal Compounds was 3.26%, making it the 1112th 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 436th in the Product Complexity Index (PCI).
Description: Rare-earth metals are used in the production of various types of magnets, such as neodymium-iron-boron magnets. Yttrium is often used in the production of phosphors for televisions and fluorescent lamps. Scandium is used in the production of low-temperature alloys.