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261590 (Harmonized System 1992 for 6-digit)

2022
World Trade $656MRnk 2655 / 4648
2022
Top Exporter | Top Importer $110M | $155MNigeria | Thailand
2022
Product Complexity -2.45Rnk 4604 / 4653
2021 - 2022
Export Growth (CAGR) 24.8%Rnk 586 / 4648
2022
Share of World Trade 0.0028%Rnk 2655 / 4648

About

Overview This page contains the latest trade data of Niobium, tantalum and vanadium ores and concentrates. In 2022, Niobium, tantalum and vanadium ores and concentrates were the world's 2655th most traded product, with a total trade of $656M. Between 2021 and 2022 the exports of Niobium, tantalum and vanadium ores and concentrates grew by 24.8%, from $525M to $656M. Trade in Niobium, tantalum and vanadium ores and concentrates represent 0.0028% of total world trade.

Niobium, tantalum and vanadium ores and concentrates are a part of Niobium, Tantalum, Vanadium and Zirconium Ore.

Exports In 2022 the top exporters of Niobium, tantalum and vanadium ores and concentrates  were Nigeria ($110M), Republic of the Congo ($84.3M), Rwanda ($83.4M), Australia ($56.2M), and Democratic Republic of the Congo ($49.5M).

Imports In 2022 the top importers of Niobium, tantalum and vanadium ores and concentrates were Thailand ($155M), China ($136M), Malaysia ($96.1M), United States ($87.4M), and Kazakhstan ($40.3M).

Ranking Niobium, tantalum and vanadium ores and concentrates ranks 4604th in the Product Complexity Index (PCI).

Description Niobium and tantalum are used primarily in the manufacturing of electronic components for computers, airplanes, cars and other machines. Vanadium is used in the production of steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Niobium, tantalum and vanadium ores and concentrates. 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 (2022)Nigeria$110M
Top Destination (2022)Thailand$155M

In 2022 Niobium, tantalum and vanadium ores and concentrates were the world's 2655th most traded product (out of 4,648).

In 2022, the top exporters of Niobium, tantalum and vanadium ores and concentrates were Nigeria ($110M), Republic of the Congo ($84.3M), Rwanda ($83.4M), Australia ($56.2M), and Democratic Republic of the Congo ($49.5M).

In 2022, the top importers of Niobium, tantalum and vanadium ores and concentrates were Thailand ($155M), China ($136M), Malaysia ($96.1M), United States ($87.4M), and Kazakhstan ($40.3M).

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Exporters of Niobium, tantalum and vanadium ores and concentrates (2022)
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Importers of Niobium, tantalum and vanadium ores and concentrates (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Nigeria$53M
Top Destination Growth (2021 -  2022)China$36.4M

Between 2021 and 2022, the exports of Niobium, tantalum and vanadium ores and concentrates grew the fastest in Nigeria ($53M), Democratic Republic of the Congo ($18.1M), Singapore ($16.4M), United Arab Emirates ($14M), and Canada ($11.6M).

Between 2021 and 2022, the fastest growing importers of Niobium, tantalum and vanadium ores and concentrates were China ($36.4M), Malaysia ($31.7M), Kazakhstan ($28.8M), United States ($19.4M), and Thailand ($10.8M).

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Exporters of Niobium, tantalum and vanadium ores and concentrates (2021 - 2022)

Importers of Niobium, tantalum and vanadium ores and concentrates (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Niobium, tantalum and vanadium ores and concentrates.

In 2022, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Niobium, tantalum and vanadium ores and concentrates are explained by 16 countries.

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Value of Exports in Niobium, tantalum and vanadium ores and concentrates

Net Trade

TOP NET EXPORTER (2022)Nigeria$110M
TOP NET IMPORTER (2022)Thailand$154M

This map shows which countries export or import more of Niobium, tantalum and vanadium ores and concentrates. Each country is colored based on the difference in exports and imports of Niobium, tantalum and vanadium ores and concentrates during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Niobium, tantalum and vanadium ores and concentrates were Nigeria ($110M), Republic of the Congo ($84.3M), Rwanda ($83.4M), Australia ($56.2M), and Democratic Republic of the Congo ($49.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Niobium, tantalum and vanadium ores and concentrates were Thailand ($154M), China ($135M), United States ($85.3M), Malaysia ($50.7M), and Kazakhstan ($39.6M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Niobium, tantalum and vanadium ores and concentrates by percentage of total exports

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 (2022)

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