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2022
Exports $337MWorld Rnk 1 / 68
Flag Rnk 469 / 1217
2022
Destination $25.4M Mexico
2021 - 2022
FASTEST GROWING MARKET $25.4MGermany
2022
PRODUCT COMPLEXITY IN Tantalum0.61Rnk 320 / 1025
2022
Imports $365MWorld Rnk 1 / 114
Flag Rnk 630 / 1216
2022
Origin $29.8M China
2021 - 2022
FASTEST GROWING ORIGIN $29.8MGermany
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $337M in Tantalum, making it the 1st largest exporter of Tantalum in the world. At the same year, Tantalum was the 469th most exported product in United States. The main destination of Tantalum exports from United States are: Mexico ($83.4M), China ($73.6M), Germany ($48.6M), South Korea ($46.4M), and Kazakhstan ($18.6M).

The fastest growing export markets for Tantalum of United States between 2021 and 2022 were Germany ($25.4M), China ($25.2M), and Mexico ($19M).

Imports In 2022, United States imported $365M in Tantalum, becoming the 1st largest importer of Tantalum in the world. At the same year, Tantalum was the 630th most imported product in United States. United States imports Tantalum primarily from: China ($121M), Germany ($110M), Thailand ($37.6M), Kazakhstan ($25.9M), and Japan ($23.6M).

The fastest growing import markets in Tantalum for United States between 2021 and 2022 were Germany ($29.8M), China ($18.8M), and Japan ($16.1M).

COMPANIES In 2023, leading companies such as Disney Cruise Line (8), Home Depot (4), and ABB Motors and Mechanical (1) were at the forefront of shipping Tantalum to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Tantalum exports accounted up to $15.2M and imports accounted up to $19M, resulting in a negative trade balance of $3.89M. Between August 2023 and August 2024 the exports of United States'   Tantalum have increased by $2.94M (24.1%) from $12.2M to $15.2M, while imports increased by $1.41M (8%) from $17.6M to $19M.

Destinations In August 2024, Tantalum were exported mostly to Mexico ($7.84M), Kazakhstan ($2.04M), Japan ($1.81M), China ($1.47M), and South Korea ($698k), and were imported mostly from China ($5.37M), Kazakhstan ($4.2M), Japan ($1.94M), Canada ($1.92M), and Thailand ($1.85M).

Growth In August 2024, the increase in Tantalum's year-by-year exports was explained primarily by an increase in exports to South Korea ($2.27M or 85.6%), China ($921k or 19.4%), and Israel ($560k or 742%). In August 2024, the increase in Tantalum's year-by-year imports was explained primarily by an increase in imports from Japan ($1.58M or 234%), Canada ($697k or 771%), and Austria ($562k or 129%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$2.94M(24.1%)
IMPORT GROWTH (August 2023 - August 2024)$1.41M(8%)
MAIN EXPORTER (August 2024)Massachusetts$12.1M
MAIN DESTINATION (August 2024)Mexico$7.84M

This section shows Tantalum'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 Tantalum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$337M
IMPORTS (2022)$365M
NET TRADE (2022)-$28M

In 2022, United States exported $337M in Tantalum. The main destinations of United States exports on Tantalum were Mexico ($83.4M), China ($73.6M), Germany ($48.6M), South Korea ($46.4M), and Kazakhstan ($18.6M).

In 2022, United States imported $365M in Tantalum, mainly from China ($121M), Germany ($110M), Thailand ($37.6M), Kazakhstan ($25.9M), and Japan ($23.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tantalum EXPORT MARKETS FOR United States WERE (2021 - 2022):
Germany$25.4M (109%)
China$25.2M (52.1%)
Mexico$19M (29.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tantalum BY United States WERE (2021 - 2022):
El Salvador-$11.3M (-53.6%)
Israel-$3.86M (-46.4%)
Netherlands-$1.44M (-89.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Tantalum were:
China $311M
Germany $142M
In 2022, United States's main importing competitors in Tantalum were:
China $149M
Germany $105M

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Trade Value of Tantalum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.02M
TOP IMPORT POTENTIALCanada+ $1.75M

Tantalum’s highest export potential is Canada. With an export gap of $1.02M.   Tantalum’s highest import potential is Canada with an import gap of $1.75M.

See methodology.

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