HS Icon Tungsten Ore

2611 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Tungsten Ore. In 2019, Tungsten Ore were the world's 1139th most traded product, with a total trade of $194M. Between 2018 and 2019 the exports of Tungsten Ore decreased by -23.4%, from $254M to $194M. Trade in Tungsten Ore represent 0.0011% of total world trade.

Exports In 2019 the top exporters of Tungsten Ore  were Bolivia ($44.5M), Russia ($33.7M), Portugal ($20.2M), Rwanda ($18.3M), and North Korea ($12.6M).

Imports In 2019 the top importers of Tungsten Ore were United States ($73.5M), South Korea ($27.1M), China ($18M), Singapore ($14.8M), and Netherlands ($11.6M).

Tariffs In 2018 the average tariff for Tungsten Ore was 2.04%, making it the 1230th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Tungsten 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%).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Bolivia, $44.5M

Top Destination (2019): United States, $73.5M

Tungsten Ore are the world's 1139th most traded product.

In 2019, the top exporters of Tungsten Ore were Bolivia ($44.5M), Russia ($33.7M), Portugal ($20.2M), Rwanda ($18.3M), and North Korea ($12.6M).

In 2019, the top importers of Tungsten Ore were United States ($73.5M), South Korea ($27.1M), China ($18M), Singapore ($14.8M), and Netherlands ($11.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Bolivia, $16.4M

Top Destination Growth (2018 - 2019): Singapore, $4.28M

Between 2018 and 2019, the exports of Tungsten Ore grew the fastest in Bolivia ($16.4M), Nigeria ($4.83M), Singapore ($4.03M), Malaysia ($1.04M), and Belgium ($865k).

Between 2018 and 2019, the fastest growing importers of Tungsten Ore were Singapore ($4.28M), Netherlands ($3.73M), South Korea ($3.59M), Portugal ($2.02M), and Vietnam ($1.72M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Tungsten Ore.

In 2019,  market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Tungsten Ore are explained by 14 countries.

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TOP NET EXPORTER (2019): Bolivia, $44.5M

TOP NET IMPORTER (2019): United States, $66.6M

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

In 2019, the countries that had a largest trade value in exports than in imports of Tungsten Ore were Bolivia ($44.5M), Russia ($30.5M), Rwanda ($18.3M), Portugal ($17.5M), and North Korea ($12.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Tungsten Ore were United States ($66.6M), South Korea ($26.3M), China ($17.1M), Austria ($11.3M), and Singapore ($10.7M).

Disaggregation

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Value

In 2019, the world most traded Tungsten Ore, disaggragated by their HS6 level were Tungsten ores and concentrates ($194M)

Import Tariffs

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In 2018, the average tariff for importing Tungsten Ore was 2.04%. The countries with the highest tariffs for importing Tungsten Ore were Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Nepal (9.89%).

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 Tungsten Ore to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.