2023
Exports
$190MWorld Rnk 5 / 82
Flag Rnk 578 / 1217
2023
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.67Rnk 297 / 1025
2023
Imports
$181MWorld Rnk 4 / 146
Flag Rnk 757 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $190M in Rare-Earth Metal Compounds, making it the 5th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 578th most exported product in United States. The main destination of Rare-Earth Metal Compounds exports from United States are: China ($137M), Philippines ($13.9M), Chinese Taipei ($7.45M), South Korea ($6.25M), and Mexico ($5.22M).

The fastest growing export markets for Rare-Earth Metal Compounds of United States between 2022 and 2023 were Philippines ($6.24M), South Korea ($3.1M), and Mexico ($2.45M).

Imports In 2023, United States imported $181M 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 ($111M), Japan ($22.7M), France ($20.5M), Malaysia ($5.47M), and Austria ($5.4M).

The fastest growing import markets in Rare-Earth Metal Compounds for United States between 2022 and 2023 were France ($13.3M), South Africa ($820k), and United Kingdom ($742k).

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

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-4.41M(-16.1%)
IMPORT GROWTH (November 2023 - November 2024)$8.32M(85%)
MAIN EXPORTER (November 2024)Nevada$24.3M
MAIN DESTINATION (November 2024)China$16.9M

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 (2023)$190M
IMPORTS (2023)$181M
NET TRADE (2023)$8.35M

In 2023, United States exported $190M in Rare-Earth Metal Compounds. The main destinations of United States exports on Rare-Earth Metal Compounds were China ($137M), Philippines ($13.9M), Chinese Taipei ($7.45M), South Korea ($6.25M), and Mexico ($5.22M).

In 2023, United States imported $181M in Rare-Earth Metal Compounds, mainly from China ($111M), Japan ($22.7M), France ($20.5M), Malaysia ($5.47M), and Austria ($5.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR United States WERE (2022 - 2023):
Philippines$6.24M (81.8%)
South Korea$3.1M (98.3%)
Mexico$2.45M (88.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY United States WERE (2022 - 2023):
China-$380M (-73.6%)
Chinese Taipei-$18.2M (-70.9%)
Saudi Arabia-$1.59M (-97.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Rare-Earth Metal Compounds were:
Burma $1.44B
China $513M
In 2023, United States's main importing competitors in Rare-Earth Metal Compounds were:
China $1.98B
Japan $478M

Explore Visualizations

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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