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Compounds, inorganic or organic, of rare-earth metals; of yttrium or of scandium or of mixtures of these metals

2846 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.52BRnk 631 / 1217
2023
Top Exporter | Top Importer $1.44B | $1.98BBurma | China
2023
Product Complexity 0.58Rnk 341 / 1044
2022 - 2023
Export Growth (CAGR) 3.49%Rnk 294 / 1217
2023
Share of World Trade 0.016%Rnk 631 / 1217

About

Overview This page contains the latest trade data of Rare-Earth Metal Compounds. In 2023, Rare-Earth Metal Compounds were the world's 631st most traded product, with a total trade of $3.52B. Between 2022 and 2023 the exports of Rare-Earth Metal Compounds grew by 3.49%, from $3.4B to $3.52B. Trade in Rare-Earth Metal Compounds represent 0.016% of total world trade.

Rare-Earth Metal Compounds are a part of Inorganic chemicals. They include Compounds, mixes of rare-earths, yttrium, scandium ne and Cerium compounds.

Exports In 2023 the top exporters of Rare-Earth Metal Compounds  were Burma ($1.44B), Malaysia ($531M), China ($513M), Japan ($261M), and United States ($190M).

Imports In 2023 the top importers of Rare-Earth Metal Compounds were China ($1.98B), Japan ($478M), Vietnam ($183M), United States ($181M), and Thailand ($97.4M).

Ranking Rare-Earth Metal Compounds ranks 341st in the Product Complexity Index (PCI).

Description Rare-earth metals are used in the production of various types of magnets, such as neodymium-iron-boron magnets. Yttrium is often used in the production of phosphors for televisions and fluorescent lamps. Scandium is used in the production of low-temperature alloys.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Rare-Earth Metal Compounds. 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)Burma$1.44B
Top Destination (2023)China$1.98B

In 2023 Rare-Earth Metal Compounds were the world's 631st most traded product (out of 1,217).

In 2023, the top exporters of Rare-Earth Metal Compounds were Burma ($1.44B), Malaysia ($531M), China ($513M), Japan ($261M), and United States ($190M).

In 2023, the top importers of Rare-Earth Metal Compounds were China ($1.98B), Japan ($478M), Vietnam ($183M), United States ($181M), and Thailand ($97.4M).

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Exporters of Rare-Earth Metal Compounds (2023)
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Importers of Rare-Earth Metal Compounds (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Burma$838M
Top Destination Growth (2022 -  2023)China$462M

Between 2022 and 2023, the exports of Rare-Earth Metal Compounds grew the fastest in Burma ($838M), Laos ($104M), Italy ($16.5M), Japan ($9.29M), and South Korea ($8.46M).

Between 2022 and 2023, the fastest growing importers of Rare-Earth Metal Compounds were China ($462M), Philippines ($27M), Germany ($21.7M), Turkey ($11.7M), and North Macedonia ($8.35M).

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Exporters of Rare-Earth Metal Compounds (2022 - 2023)

Importers of Rare-Earth Metal Compounds (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rare-Earth Metal Compounds.

In 2023, market concentration measured using Shannon Entropy, was 2.92. This means that most of the exports of Rare-Earth Metal Compounds are explained by 7 countries.

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Value of Exports in Rare-Earth Metal Compounds

Net Trade

TOP NET EXPORTER (2023)Burma$1.44B
TOP NET IMPORTER (2023)China$1.47B

This map shows which countries export or import more of Rare-Earth Metal Compounds. Each country is colored based on the difference in exports and imports of Rare-Earth Metal Compounds during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Rare-Earth Metal Compounds were Burma ($1.44B), Malaysia ($521M), Laos ($104M), France ($58.6M), and India ($44.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Rare-Earth Metal Compounds were China ($1.47B), Japan ($217M), Vietnam ($131M), Thailand ($92.2M), and Philippines ($90.1M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Rare-Earth Metal Compounds, disaggragated by their HS6 level were Compounds, mixes of rare-earths, yttrium, scandium... ($3.31B) and Cerium compounds ($204M)

HS6 Disaggregation for Rare-Earth Metal Compounds (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 Rare-Earth Metal Compounds.
It is possible to select the main countries that export or import Rare-Earth Metal Compounds in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rare-Earth Metal Compounds by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALVietnam+ $19.8M
TOP IMPORT POTENTIALVietnam+ $24.8M

Rare-Earth Metal Compounds’s highest export potential is Vietnam. With an export gap of $19.8M.  Rare-Earth Metal Compounds’s highest import potential is Vietnam with an import gap of $24.8M.

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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)

Country by Relatedness

The following visualization shows the relatedness of Rare-Earth Metal Compounds 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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