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2022
Exports $369MWorld Rnk 1 / 119
Flag Rnk 634 / 1216
2022
Destination $15M Japan
2021 - 2022
FASTEST GROWING MARKET $15MUnited States
2022
PRODUCT COMPLEXITY IN Tungsten1.45Rnk 63 / 1025
2022
Imports $61.1MWorld Rnk 6 / 169
Flag Rnk 745 / 1212
2022
Origin $12.9M Japan
2021 - 2022
FASTEST GROWING ORIGIN $12.9MMalaysia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $369M in Tungsten, making it the 1st largest exporter of Tungsten in the world. At the same year, Tungsten was the 634th most exported product in China. The main destination of Tungsten exports from China are: Japan ($89.8M), United States ($65.5M), South Korea ($58.5M), Germany ($15.2M), and United Kingdom ($12.8M).

The fastest growing export markets for Tungsten of China between 2021 and 2022 were United States ($15M), Japan ($11.5M), and Israel ($6.69M).

Imports In 2022, China imported $61.1M in Tungsten, becoming the 6th largest importer of Tungsten in the world. At the same year, Tungsten was the 745th most imported product in China. China imports Tungsten primarily from: Japan ($28.6M), Malaysia ($14.6M), United States ($3.47M), South Korea ($3.05M), and China ($2.41M).

The fastest growing import markets in Tungsten for China between 2021 and 2022 were Malaysia ($12.9M), Japan ($4.89M), and United Kingdom ($1.71M).

COMPANIES In 2023, leading companies such as TE Connectivity (38), At Home Procurement (19), and Tmall (13) were at the forefront of shipping Tungsten from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Tungsten exports accounted up to $21.2M and imports accounted up to $4.98M, resulting in a positive trade balance of $16.3M. Between July 2023 and July 2024 the exports of China's   Tungsten have increased by $1.82M (9.37%) from $19.4M to $21.2M, while imports increased by $1.07M (27.4%) from $3.91M to $4.98M.

Destinations In July 2024, Tungsten were exported mostly to Japan ($5.02M), South Korea ($3.43M), United States ($3.21M), Poland ($1.22M), and Russia ($1.08M), and were imported mostly from Japan ($3.48M), South Korea ($398k), United States ($363k), Chinese Taipei ($192k), and China ($111k).

Growth In July 2024, the increase in Tungsten's year-by-year exports was explained primarily by an increase in exports to United States ($1.88M or 49.7%), South Korea ($1.59M or 48%), and France ($776k or 679%). In July 2024, the increase in Tungsten's year-by-year imports was explained primarily by an increase in imports from Japan ($175k or 14%), Canada ($26.7k or 9.64k%), and Sweden ($13.2k or 52.9k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.82M(9.37%)
IMPORT GROWTH (July 2023 - July 2024)$1.07M(27.4%)
MAIN EXPORTER (July 2024)Jiangxi Province$11.5M
MAIN DESTINATION (July 2024)Japan$5.02M

This section shows Tungsten'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$369M
IMPORTS (2022)$61.1M
NET TRADE (2022)$308M

In 2022, China exported $369M in Tungsten. The main destinations of China exports on Tungsten were Japan ($89.8M), United States ($65.5M), South Korea ($58.5M), Germany ($15.2M), and United Kingdom ($12.8M).

In 2022, China imported $61.1M in Tungsten, mainly from Japan ($28.6M), Malaysia ($14.6M), United States ($3.47M), South Korea ($3.05M), and China ($2.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tungsten EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$15M (29.6%)
Japan$11.5M (14.6%)
Israel$6.69M (159%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten BY China WERE (2021 - 2022):
Germany-$2.74M (-15.3%)
Canada-$2.27M (-25.9%)
Singapore-$1.52M (-30.2%)
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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 were:
Germany $206M
United States $145M
In 2022, China's main importing competitors in Tungsten were:
United States $236M
Germany $204M
Austria $130M

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Trade Value of Tungsten by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $7.21M
TOP IMPORT POTENTIALUnited States+ $2.13M

Tungsten’s highest export potential is India. With an export gap of $7.21M.   Tungsten’s highest import potential is United States with an import gap of $2.13M.

See methodology.

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