2022
Exports
$577MWorld Rnk 4 / 80
Flag Rnk 354 / 1217
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.68Rnk 287 / 1025
2022
Imports
$196MWorld Rnk 4 / 144
Flag Rnk 757 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

The fastest growing export markets for Rare-Earth Metal Compounds of United States between 2021 and 2022 were China ($255M), Philippines ($7.54M), and Chinese Taipei ($6.2M).

Imports In 2022, United States imported $196M in Rare-Earth Metal Compounds, becoming the 4th largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 757th most imported product in United States. United States imports Rare-Earth Metal Compounds primarily from: China ($117M), Japan ($39M), France ($8.72M), Malaysia ($6.95M), and Philippines ($4.76M).

COMPANIES In 2023, leading companies such as AGCO (4), Rothfos (3), and Xerox (2) were at the forefront of shipping Rare-Earth Metal Compounds to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-511k(-2.1%)
IMPORT GROWTH (September 2023 - September 2024)$-145k(-1.09%)
MAIN EXPORTER (September 2024)Nevada$24.3M
MAIN DESTINATION (September 2024)China$12.6M

This section shows Rare-Earth Metal Compounds's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Rare-Earth Metal Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$577M
IMPORTS (2022)$196M
NET TRADE (2022)$381M

In 2022, United States imported $196M in Rare-Earth Metal Compounds, mainly from China ($117M), Japan ($39M), France ($8.72M), Malaysia ($6.95M), and Philippines ($4.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$255M (97.4%)
Philippines$7.54M (8.69k%)
Chinese Taipei$6.2M (33.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY United States WERE (2021 - 2022):
Ireland-$599k (-97.4%)
Canada-$338k (-12.5%)
United Kingdom-$276k (-25.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Rare-Earth Metal Compounds were:
In 2022, United States's main importing competitors in Rare-Earth Metal Compounds were:
China $1.48B
Japan $488M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.38M
TOP IMPORT POTENTIALMalaysia+ $5.43M

Rare-Earth Metal Compounds’s highest export potential is China. With an export gap of $3.38M.   Rare-Earth Metal Compounds’s highest import potential is Malaysia with an import gap of $5.43M.

See methodology.

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