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Uranium or thorium ores and concentrates

2612 (Harmonized System 1992 for 4-digit)

2022
World Trade $656MRnk 1011 / 1218
2022
Top Exporter | Top Importer $263M | $282MNamibia | France
2021 - 2022
Export Growth (CAGR) 139%Rnk 5 / 1218
2022
Share of World Trade 0.0028%Rnk 1011 / 1218

About

Overview This page contains the latest trade data of Uranium and Thorium Ore. In 2022, Uranium and Thorium Ore were the world's 1011th most traded product, with a total trade of $656M. Between 2021 and 2022 the exports of Uranium and Thorium Ore grew by 139%, from $274M to $656M. Trade in Uranium and Thorium Ore represent 0.0028% of total world trade.

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

Exports In 2022 the top exporters of Uranium and Thorium Ore  were Namibia ($263M), Niger ($135M), Thailand ($99.5M), Australia ($91.1M), and Madagascar ($34.6M).

Imports In 2022 the top importers of Uranium and Thorium Ore were France ($282M), China ($163M), United States ($155M), Canada ($55.1M), and Hong Kong ($258k).

Description Uranium and thorium ores are used to produce nuclear fuel. Uranium and thorium concentrates are used to produce nuclear fuel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Uranium and Thorium 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 (2022)Namibia$263M
Top Destination (2022)France$282M

In 2022 Uranium and Thorium Ore were the world's 1011th most traded product (out of 1,218).

In 2022, the top exporters of Uranium and Thorium Ore were Namibia ($263M), Niger ($135M), Thailand ($99.5M), Australia ($91.1M), and Madagascar ($34.6M).

In 2022, the top importers of Uranium and Thorium Ore were France ($282M), China ($163M), United States ($155M), Canada ($55.1M), and Hong Kong ($258k).

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Exporters of Uranium and Thorium Ore (2022)
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Importers of Uranium and Thorium Ore (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Namibia$161M
Top Destination Growth (2021 -  2022)France$224M

Between 2021 and 2022, the exports of Uranium and Thorium Ore grew the fastest in Namibia ($161M), Niger ($97.7M), Australia ($49M), Thailand ($41.6M), and Nigeria ($13.7M).

Between 2021 and 2022, the fastest growing importers of Uranium and Thorium Ore were France ($224M), United States ($113M), China ($78M), Hong Kong ($258k), and Sweden ($51.9k).

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Exporters of Uranium and Thorium Ore (2021 - 2022)

Importers of Uranium and Thorium Ore (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Uranium and Thorium Ore.

In 2022, market concentration measured using Shannon Entropy, was 2.36. This means that most of the exports of Uranium and Thorium Ore are explained by 5 countries.

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Value of Exports in Uranium and Thorium Ore

Net Trade

TOP NET EXPORTER (2022)Namibia$263M
TOP NET IMPORTER (2022)France$282M

This map shows which countries export or import more of Uranium and Thorium Ore. Each country is colored based on the difference in exports and imports of Uranium and Thorium Ore during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Uranium and Thorium Ore were Namibia ($263M), Niger ($135M), Thailand ($99.5M), Australia ($91.1M), and Madagascar ($34.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Uranium and Thorium Ore were France ($282M), China ($163M), United States ($155M), Canada ($53.9M), and Finland ($85).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Uranium and Thorium Ore, disaggragated by their HS6 level were Uranium ores and concentrates ($491M) and Thorium ores and concentrates ($165M)

HS6 Disaggregation for Uranium and Thorium Ore (2022)
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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 Uranium and Thorium Ore.
It is possible to select the main countries that export or import Uranium and Thorium Ore in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Uranium and Thorium Ore by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $368k
TOP IMPORT POTENTIALNiger+ $348

Uranium and Thorium Ore’s highest export potential is China. With an export gap of $368k.  Uranium and Thorium Ore’s highest import potential is Niger with an import gap of $348.

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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Uranium and Thorium Ore.

Country by Relatedness

The following visualization shows the relatedness of Uranium and Thorium 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 (2022)

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