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2023
Exports $4.44MWorld Rnk 10 / 66
Flag Rnk 1141 / 1215
2023
Destination $2.85M United States
2022 - 2023
FASTEST GROWING MARKET $2.85MUnited States
2023
Imports $55.2MWorld Rnk 1 / 62
Flag Rnk 749 / 1214
2023
Origin $9M North Korea
2022 - 2023
FASTEST GROWING ORIGIN $9MRussia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $4.44M in Tungsten Ore, making it the 10th largest exporter of Tungsten Ore in the world. At the same year, Tungsten Ore was the 1141st most exported product in China. The main destination of Tungsten Ore exports from China are: United States ($3.17M), United Kingdom ($699k), Malaysia ($277k), Italy ($262k), and Saudi Arabia ($17.3k).

The fastest growing export markets for Tungsten Ore of China between 2022 and 2023 were United States ($2.85M), Malaysia ($277k), and United Kingdom ($82.9k).

Imports In 2023, China imported $55.2M 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 ($25.9M), Russia ($9.2M), Spain ($4.15M), Burma ($3.36M), and Rwanda ($2.66M).

The fastest growing import markets in Tungsten Ore for China between 2022 and 2023 were Russia ($9M), Malaysia ($1.66M), and Australia ($1.23M).

COMPANIES In 2024, 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 $15.6M, resulting in a negative trade balance of $15.1M. 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 $9.32M (148%) from $6.3M to $15.6M.

Destinations In April 2024, Tungsten Ore were exported mostly to , and were imported mostly from North Korea ($3.58M), Rwanda ($2.79M), Bolivia ($2.24M), Burma ($2.11M), and Russia ($1.69M).

Growth In April 2024, the increase in Tungsten Ore's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the increase in Tungsten Ore's year-by-year imports was explained primarily by an increase in imports from Russia ($3.71M or 9.51k%) and Burma ($102k or 10.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2017 - April 2024)$128k(29.8%)
IMPORT GROWTH (December 2023 - December 2024)$9.32M(148%)
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
EXPORTS (2023)$4.44M
IMPORTS (2023)$55.2M
NET TRADE (2023)-$50.7M

In 2023, China exported $4.44M in Tungsten Ore. The main destinations of China exports on Tungsten Ore were United States ($3.17M), United Kingdom ($699k), Malaysia ($277k), Italy ($262k), and Saudi Arabia ($17.3k).

In 2023, China imported $55.2M in Tungsten Ore, mainly from North Korea ($25.9M), Russia ($9.2M), Spain ($4.15M), Burma ($3.36M), and Rwanda ($2.66M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tungsten Ore EXPORT MARKETS FOR China WERE (2022 - 2023):
United States$2.85M (914%)
Malaysia$277k (1%)
United Kingdom$82.9k (13.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten Ore BY China WERE (2022 - 2023):
Vietnam-$1.35M (-100%)
Indonesia-$138k (-100%)
Italy-$76.8k (-22.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Tungsten Ore were:
Spain $42.1M
Bolivia $34.9M
North Korea $25.9M
In 2023, China's main importing competitors in Tungsten Ore were:
United States $45.2M
Austria $35.8M

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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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