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Molybdenum ores and concentrates

2613 (Harmonized System 1992 for 4-digit)

2023
World Trade $8.55BRnk 396 / 1217
2023
Top Exporter | Top Importer $2.38B | $981MChile | South Korea
2023
Product Complexity -1Rnk 857 / 1044
2022 - 2023
Export Growth (CAGR) 33.8%Rnk 26 / 1217
2023
Share of World Trade 0.038%Rnk 396 / 1217

About

Overview This page contains the latest trade data of Molybdenum Ore. In 2023, Molybdenum Ore were the world's 396th most traded product, with a total trade of $8.55B. Between 2022 and 2023 the exports of Molybdenum Ore grew by 33.8%, from $6.39B to $8.55B. Trade in Molybdenum Ore represent 0.038% of total world trade.

Molybdenum Ore are a part of Ores, slag and ash. They include Molybdenum concentrates, roasted and Molybdenum ores and concentrates except roasted.

Exports In 2023 the top exporters of Molybdenum Ore  were Chile ($2.38B), Peru ($1.47B), United States ($1.19B), Netherlands ($1.17B), and China ($548M).

Imports In 2023 the top importers of Molybdenum Ore were South Korea ($981M), China ($962M), Japan ($960M), Netherlands ($877M), and United States ($811M).

Ranking Molybdenum Ore ranks 857th in the Product Complexity Index (PCI).

Description Molybdenum ores and concentrates are used in the production of steel alloys, high-temperature alloys, and other specialty alloys.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Molybdenum Ore. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Chile$2.38B
Top Destination (2023)South Korea$981M

In 2023 Molybdenum Ore were the world's 396th most traded product (out of 1,217).

In 2023, the top exporters of Molybdenum Ore were Chile ($2.38B), Peru ($1.47B), United States ($1.19B), Netherlands ($1.17B), and China ($548M).

In 2023, the top importers of Molybdenum Ore were South Korea ($981M), China ($962M), Japan ($960M), Netherlands ($877M), and United States ($811M).

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Exporters of Molybdenum Ore (2023)
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Importers of Molybdenum Ore (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Peru$452M
Top Destination Growth (2022 -  2023)China$412M

Between 2022 and 2023, the exports of Molybdenum Ore grew the fastest in Peru ($452M), Chile ($418M), Netherlands ($321M), China ($308M), and United States ($206M).

Between 2022 and 2023, the fastest growing importers of Molybdenum Ore were China ($412M), United States ($247M), United Kingdom ($200M), South Korea ($200M), and India ($175M).

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Exporters of Molybdenum Ore (2022 - 2023)

Importers of Molybdenum Ore (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Molybdenum Ore.

In 2023, market concentration measured using Shannon Entropy, was 3.19. This means that most of the exports of Molybdenum Ore are explained by 9 countries.

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Value of Exports in Molybdenum Ore

Net Trade

TOP NET EXPORTER (2023)Chile$1.68B
TOP NET IMPORTER (2023)South Korea$960M

This map shows which countries export or import more of Molybdenum Ore. Each country is colored based on the difference in exports and imports of Molybdenum Ore during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Molybdenum Ore were Chile ($1.68B), Peru ($1.47B), Mexico ($490M), United States ($380M), and Netherlands ($295M).

In 2023, the countries that had a largest trade value in imports than in exports of Molybdenum Ore were South Korea ($960M), Japan ($951M), United Kingdom ($464M), Belgium ($448M), and China ($413M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Molybdenum Ore, disaggragated by their HS6 level were Molybdenum concentrates, roasted ($4.88B) and Molybdenum ores and concentrates except roasted ($3.67B)

HS6 Disaggregation for Molybdenum Ore (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Molybdenum Ore.
It is possible to select the main countries that export or import Molybdenum Ore in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Molybdenum Ore by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $15.2M
TOP IMPORT POTENTIALMexico+ $23.6M

Molybdenum Ore’s highest export potential is China. With an export gap of $15.2M.  Molybdenum Ore’s highest import potential is Mexico with an import gap of $23.6M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Molybdenum Ore.

Country by Relatedness

The following visualization shows the relatedness of Molybdenum Ore to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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