HS Icon Tungsten ores and concentrates

261100 (Harmonized System 1992 for 6-digit)

World Trade (2018): $235M, Rnk 3534 / 4726

Top Exporter (2018): $35.5M, Russia

Top Importer (2018): $101M, United States

Export Growth (CAGR)(2017 - 2018): 58.6%, Rnk 249 / 4726

Mean Tariff (2018): 2.04%, Rnk 6185 / 6538

Share of World Trade (2018): 0.0013%, Rnk 3534 / 4726

Overview:  This page contains the latest trade data of Tungsten ores and concentrates. In 2018, Tungsten ores and concentrates were the world's 3534th most traded product, with a total trade of $235M. Between 2017 and 2018 the exports of Tungsten ores and concentrates grew by 58.6%, from  $148M to $235M. Trade in Tungsten ores and concentrates represent 0.0013% of total world trade.

Exports: In 2018 the top exporters of Tungsten ores and concentrates  were Russia ($35.5M), Portugal ($32M), Bolivia ($28.1M), Spain ($22.5M), and North Korea ($18.5M).

Imports: In 2018 the top importers of Tungsten ores and concentrates were United States ($101M), China ($45.5M), South Korea ($23.5M), Austria ($10.8M), and Russia ($10.3M).

Tariffs: In 2018 the average tariff for Tungsten ores and concentrates was 2.04%, been the 6185 lowest tariff using the HS6 product classification.

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

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $35.5M

Top Destination (2018): United States, $101M

Tungsten ores and concentrates are the world's 3534th most traded product.

In 2018, the top exporters of Tungsten ores and concentrates were Russia ($35.5M), Portugal ($32M), Bolivia ($28.1M), Spain ($22.5M), and North Korea ($18.5M).

In 2018, the top importers of Tungsten ores and concentrates were United States ($101M), China ($45.5M), South Korea ($23.5M), Austria ($10.8M), and Russia ($10.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): North Korea, $14.6M

Top Destination Growth (2017 - 2018): China, $24.5M

Between 2017 and 2018, the exports of Tungsten ores and concentrates grew the fastest in North Korea ($14.6M), Portugal ($14.5M), Spain ($9.89M), Bolivia ($9.74M), and Hong Kong ($6.53M).

Between 2017 and 2018, the fastest growing importers of Tungsten ores and concentrates were China ($24.5M), United States ($24.4M), South Korea ($13.8M), Russia ($7.29M), and Japan ($4.97M).

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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 Tungsten ores and concentrates.

In 2018,  market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Tungsten ores and concentrates are explained by 17 countries.

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TOP NET EXPORTER (2018): Portugal, $31.3M

TOP NET IMPORTER (2018): United States, $94.3M

This map shows which countries export or import more of Tungsten ores and concentrates. Each country is colored based on the difference in exports and imports of Tungsten ores and concentrates during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Tungsten ores and concentrates were Portugal ($31.3M), Bolivia ($28.1M), Russia ($25.2M), Spain ($22.5M), and North Korea ($18.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Tungsten ores and concentrates were United States ($94.3M), China ($41.7M), South Korea ($18.8M), Austria ($9.56M), and Netherlands ($7.26M).

Import Tariffs

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In 2018, the average tariff for importing Tungsten ores and concentrates was 2.04%.  The countries with the highest tariffs for importing Tungsten ores and concentrates 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.