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Tungsten ores and concentrates

2611 (Harmonized System 1992 for 4-digit)

2023
World Trade $198MRnk 1137 / 1217
2023
Top Exporter | Top Importer $42.1M | $55.2MSpain | China
2022 - 2023
Export Growth (CAGR) -26.5%Rnk 1125 / 1217
2023
Share of World Trade 0.00088%Rnk 1137 / 1217

About

Overview This page contains the latest trade data of Tungsten Ore. In 2023, Tungsten Ore were the world's 1137th most traded product, with a total trade of $198M. Between 2022 and 2023 the exports of Tungsten Ore decreased by -26.5%, from $269M to $198M. Trade in Tungsten Ore represent 0.00088% of total world trade.

Tungsten Ore are a part of Ores, slag and ash. They include Tungsten ores and concentrates.

Exports In 2023 the top exporters of Tungsten Ore  were Spain ($42.1M), Bolivia ($34.9M), North Korea ($25.9M), Portugal ($14.8M), and Russia ($13.7M).

Imports In 2023 the top importers of Tungsten Ore were China ($55.2M), United States ($45.2M), Austria ($35.8M), Vietnam ($29.3M), and Netherlands ($8.4M).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tungsten 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)Spain$42.1M
Top Destination (2023)China$55.2M

In 2023 Tungsten Ore were the world's 1137th most traded product (out of 1,217).

In 2023, the top exporters of Tungsten Ore were Spain ($42.1M), Bolivia ($34.9M), North Korea ($25.9M), Portugal ($14.8M), and Russia ($13.7M).

In 2023, the top importers of Tungsten Ore were China ($55.2M), United States ($45.2M), Austria ($35.8M), Vietnam ($29.3M), and Netherlands ($8.4M).

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

Color
Top Origin Growth (2022 -  2023)Singapore$5.47M
Top Destination Decrease (2022 -  2023)United Arab Emirates-$19.2M

Between 2022 and 2023, the exports of Tungsten Ore grew the fastest in Singapore ($5.47M), Australia ($5.46M), China ($1.58M), Spain ($1.04M), and Malaysia ($601k).

Between 2022 and 2023, the fastest declining importers of Tungsten Ore were United Arab Emirates (-$19.2M), Hong Kong (-$16.9M), Vietnam (-$8.69M), Singapore (-$8.18M), and United States (-$7.73M).

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Exporters of Tungsten Ore (2022 - 2023)

Importers of Tungsten Ore (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Tungsten Ore are explained by 13 countries.

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Value of Exports in Tungsten Ore

Net Trade

TOP NET EXPORTER (2023)Spain$42M
TOP NET IMPORTER (2023)China$50.7M

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

In 2023, the countries that had a largest trade value in exports than in imports of Tungsten Ore were Spain ($42M), Bolivia ($34.9M), North Korea ($25.9M), Portugal ($14.7M), and Russia ($13.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Tungsten Ore were China ($50.7M), United States ($38M), Austria ($35.8M), Vietnam ($26.8M), and Netherlands ($7.28M).

Net Trade (2023)

Country Comparison

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Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $376k
TOP IMPORT POTENTIALChina+ $2.42k

Tungsten Ore’s highest export potential is China. With an export gap of $376k.  Tungsten Ore’s highest import potential is China with an import gap of $2.42k.

See methodology.

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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 Tungsten 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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