Overview:  This page contains the latest trade data of Titanium. In 2019, Titanium were the world's 431st most traded product, with a total trade of $6.65B. Between 2018 and 2019 the exports of Titanium grew by 6.77%, from $6.22B to $6.65B. Trade in Titanium represent 0.037% of total world trade.

Exports: In 2019 the top exporters of Titanium  were United States ($2.09B), Russia ($680M), Japan ($671M), Germany ($595M), and China ($538M).

Imports: In 2019 the top importers of Titanium were United States ($1B), France ($755M), Germany ($722M), United Kingdom ($597M), and China ($389M).

Tariffs: In 2018 the average tariff for Titanium was 3.02%, making it the 1136th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Titanium are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Mauritania (15%), and Nepal (14.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Titanium ranks 405th in the Product Complexity Index (PCI).

Description: Titanium is a chemical element that is used in the production of many different products. Titanium can be found in the form of titanium dioxide, which is used to make white paint. Titanium can also be found in the form of titanium tetrachloride, which is used to make jet fuel.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $2.09B

Top Destination (2019): United States, $1B

Titanium are the world's 431st most traded product.

In 2019, the top exporters of Titanium were United States ($2.09B), Russia ($680M), Japan ($671M), Germany ($595M), and China ($538M).

In 2019, the top importers of Titanium were United States ($1B), France ($755M), Germany ($722M), United Kingdom ($597M), and China ($389M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $107M

Top Destination Growth (2018 - 2019): United States, $113M

Between 2018 and 2019, the exports of Titanium grew the fastest in United States ($107M), China ($102M), Japan ($65.6M), Germany ($50M), and United Kingdom ($38.7M).

Between 2018 and 2019, the fastest growing importers of Titanium were United States ($113M), South Korea ($44.7M), Germany ($43.9M), China ($41.1M), and Turkey ($38.7M).

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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 Titanium.

In 2019,  market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Titanium are explained by 12 countries.

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TOP NET EXPORTER (2019): United States, $1.09B

TOP NET IMPORTER (2019): France, $508M

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

In 2019, the countries that had a largest trade value in exports than in imports of Titanium were United States ($1.09B), Russia ($557M), Japan ($327M), Kazakhstan ($182M), and China ($149M).

In 2019, the countries that had a largest trade value in imports than in exports of Titanium were France ($508M), South Korea ($194M), Italy ($152M), Germany ($127M), and Mexico ($116M).

Disaggregation

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Value

In 2019, the world most traded Titanium, disaggragated by their HS6 level were Titanium, articles thereof, nes ($5.28B) and Titanium, unwrought, waste or scrap, powders ($1.36B)

Import Tariffs

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In 2018, the average tariff for importing Titanium was 3.02%. The countries with the highest tariffs for importing Titanium were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Mauritania (15%), and Nepal (14.8%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Titanium to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.