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2022
Destination $229kN/A
2021 - 2022
FASTEST GROWING MARKET $229kVietnam
2022
ImportsfalseWorld Rnk 1 / 65
Flag Rnk 749 / 1212
2022
Origin $30.3M North Korea
2021 - 2022
FASTEST GROWING ORIGIN $30.3MNorth Korea
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

The fastest growing export markets for Tungsten Ore of China between 2021 and 2022 were Vietnam ($229k), Italy ($134k), and United States ($101k).

Imports In 2022, China imported $60.3M in Tungsten Ore, becoming the 1st largest importer of Tungsten Ore in the world. At the same year, Tungsten Ore was the 749th most imported product in China. China imports Tungsten Ore primarily from: North Korea ($30.9M), Rwanda ($5.7M), Thailand ($5.09M), Burma ($5.04M), and Spain ($4.87M).

The fastest growing import markets in Tungsten Ore for China between 2021 and 2022 were North Korea ($30.3M), Thailand ($3.89M), and Kyrgyzstan ($2.06M).

COMPANIES In 2023, leading companies such as CrimsonLogic (1) were at the forefront of shipping Tungsten Ore from China to the United States.

Latest Trends

April 2024

About

Overview In April 2024 China's Tungsten Ore exports accounted up to $557k and imports accounted up to $21.7M, resulting in a negative trade balance of $21.1M. Between April 2017 and April 2024 the exports of China's   Tungsten Ore have increased by $128k (29.8%) from $429k to $557k, while imports increased by $18.9M (665%) from $2.83M to $21.7M.

Destinations In April 2024, Tungsten Ore were exported mostly to , and were imported mostly from Burma ($11.5M), North Korea ($4.22M), Rwanda ($2.13M), Bolivia ($1.29M), and Australia ($1.03M).

Growth In April 2024, the increase in Tungsten Ore's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the increase in Tungsten Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2017 - April 2024)$128k(29.8%)
IMPORT GROWTH (October 2023 - October 2024)$18.9M(665%)
MAIN EXPORTER (April 2024)Fujian Province$557k
MAIN DESTINATION (April 2024)

This section shows Tungsten Ore's exports and imports data at subnational level for China. 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 Tungsten Ore over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$60.3M

In 2022, China imported $60.3M in Tungsten Ore, mainly from North Korea ($30.9M), Rwanda ($5.7M), Thailand ($5.09M), Burma ($5.04M), and Spain ($4.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tungsten Ore EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$229k (1%)
Italy$134k (68.3%)
United States$101k (48.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten Ore BY China WERE (2021 - 2022):
Indonesia-$212k (-61.1%)
United Kingdom-$205k (-25.5%)
Laos-$157k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Tungsten Ore were:
Rwanda $52.7M
Spain $40.7M
North Korea $30.9M
In 2022, China's main importing competitors in Tungsten Ore were:
United States $48.2M
Austria $41.4M

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Trade Value of Tungsten Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $202k
TOP IMPORT POTENTIALMongolia+ $769k

Tungsten Ore’s highest export potential is Vietnam. With an export gap of $202k.   Tungsten Ore’s highest import potential is Mongolia with an import gap of $769k.

See methodology.

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