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2022
Exports $10.2MWorld Rnk 7 / 65
Flag Rnk 1062 / 1217
2022
Destination $2.61M Vietnam
2021 - 2022
FASTEST GROWING MARKET $2.61MVietnam
2022
Imports $48.2MWorld Rnk 2 / 65
Flag Rnk 979 / 1216
2022
Origin $6.42M Bolivia
2021 - 2022
FASTEST GROWING ORIGIN $6.42MRussia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $10.2M in Tungsten Ore, making it the 7th largest exporter of Tungsten Ore in the world. At the same year, Tungsten Ore was the 1062nd most exported product in United States. The main destination of Tungsten Ore exports from United States are: Vietnam ($7.42M), Netherlands ($2.64M), Germany ($36.7k), South Korea ($33.6k), and United Kingdom ($15.3k).

The fastest growing export markets for Tungsten Ore of United States between 2021 and 2022 were Vietnam ($2.61M), Netherlands ($2.34M), and Germany ($36.7k).

Imports In 2022, United States imported $48.2M in Tungsten Ore, becoming the 2nd largest importer of Tungsten Ore in the world. At the same year, Tungsten Ore was the 979th most imported product in United States. United States imports Tungsten Ore primarily from: Bolivia ($18.1M), Russia ($10.4M), Portugal ($9.86M), Spain ($4.62M), and Thailand ($2.51M).

The fastest growing import markets in Tungsten Ore for United States between 2021 and 2022 were Russia ($6.42M), Bolivia ($4.31M), and Spain ($3.39M).

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

Latest Trends

June 2024

About

Overview In June 2024 United States' Tungsten Ore exports accounted up to $936k and imports accounted up to $2.35M, resulting in a negative trade balance of $1.41M. Between June 2023 and June 2024 the exports of United States'   Tungsten Ore have decreased by $-253k (-21.3%) from $1.19M to $936k, while imports decreased by $-525k (-18.3%) from $2.87M to $2.35M.

Destinations In June 2024, Tungsten Ore were exported mostly to Vietnam ($923k), United Kingdom ($12.5k), Israel ($0), Austria ($0), and Belgium ($0), and were imported mostly from Bolivia ($2.1M), China ($235k), Japan ($8.27k), Mongolia ($0), and Thailand ($0).

Growth In June 2024, the decrease in Tungsten Ore's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Tungsten Ore's year-by-year imports was explained primarily by a decrease in imports from Portugal ($-234k or -15.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-253k(-21.3%)
IMPORT GROWTH (June 2023 - June 2024)$-525k(-18.3%)
MAIN EXPORTER (June 2024)Texas$936k
MAIN DESTINATION (June 2024)Vietnam$923k

This section shows Tungsten Ore'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 Tungsten Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.2M
IMPORTS (2022)$48.2M
NET TRADE (2022)-$38M

In 2022, United States exported $10.2M in Tungsten Ore. The main destinations of United States exports on Tungsten Ore were Vietnam ($7.42M), Netherlands ($2.64M), Germany ($36.7k), South Korea ($33.6k), and United Kingdom ($15.3k).

In 2022, United States imported $48.2M in Tungsten Ore, mainly from Bolivia ($18.1M), Russia ($10.4M), Portugal ($9.86M), Spain ($4.62M), and Thailand ($2.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tungsten Ore EXPORT MARKETS FOR United States WERE (2021 - 2022):
Vietnam$2.61M (54.3%)
Netherlands$2.34M (757%)
Germany$36.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten Ore BY United States WERE (2021 - 2022):
Russia-$509k (-100%)
China-$228k (-94.7%)
Ireland-$64.3k (-100%)
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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 Tungsten Ore were:
Rwanda $52.7M
Spain $40.7M
North Korea $30.9M
In 2022, United States's main importing competitors in Tungsten Ore were:
China $60.3M
Austria $41.4M

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Trade Value of Tungsten Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $49.8k
TOP IMPORT POTENTIALCanada+ $477k

Tungsten Ore’s highest export potential is China. With an export gap of $49.8k.   Tungsten Ore’s highest import potential is Canada with an import gap of $477k.

See methodology.

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