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282530 (Harmonized System 1992 for 6-digit)

2023
World Trade $512MRnk 2831 / 4644
2023
Top Exporter | Top Importer $130M | $78.8MBrazil | Netherlands
2023
Product Complexity -0.96Rnk 3767 / 4656
2022 - 2023
Export Growth (CAGR) -11.8%Rnk 2903 / 4644
2023
Share of World Trade 0.0023%Rnk 2831 / 4644

About

Overview This page contains the latest trade data of Vanadium oxides and hydroxides. In 2023, Vanadium oxides and hydroxides were the world's 2831st most traded product, with a total trade of $512M. Between 2022 and 2023 the exports of Vanadium oxides and hydroxides decreased by -11.8%, from $581M to $512M. Trade in Vanadium oxides and hydroxides represent 0.0023% of total world trade.

Vanadium oxides and hydroxides are a part of Inorganic Salts.

Exports In 2023 the top exporters of Vanadium oxides and hydroxides  were Brazil ($130M), Russia ($121M), China ($90.2M), South Africa ($89.2M), and Netherlands ($33.1M).

Imports In 2023 the top importers of Vanadium oxides and hydroxides were Netherlands ($78.8M), China ($72.3M), United States ($71.8M), South Korea ($64.2M), and Czechia ($60.7M).

Ranking Vanadium oxides and hydroxides ranks 3767th in the Product Complexity Index (PCI).

Description Vanadium oxide is used in cathode ray tubes for electron guns and in x-ray screens. Vanadium oxide is also used as a catalyst in the manufacturing of chlorine and other elements used in the production of plastics. Vanadium oxide is also used in paints, enamels, and varnishes. Vanadium oxide is also used as an additive in some types of glasses. Vanadium oxide is also used in the preparation of some types of steel. Vanadium hydroxide is also used in the preparation of some types of steel.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Vanadium oxides and hydroxides. 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)Brazil$130M
Top Destination (2023)Netherlands$78.8M

In 2023 Vanadium oxides and hydroxides were the world's 2831st most traded product (out of 4,644).

In 2023, the top exporters of Vanadium oxides and hydroxides were Brazil ($130M), Russia ($121M), China ($90.2M), South Africa ($89.2M), and Netherlands ($33.1M).

In 2023, the top importers of Vanadium oxides and hydroxides were Netherlands ($78.8M), China ($72.3M), United States ($71.8M), South Korea ($64.2M), and Czechia ($60.7M).

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Exporters of Vanadium oxides and hydroxides (2023)
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Importers of Vanadium oxides and hydroxides (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$4.7M
Top Destination Growth (2022 -  2023)China$55.6M

Between 2022 and 2023, the exports of Vanadium oxides and hydroxides grew the fastest in Austria ($4.7M), South Africa ($4.62M), Chinese Taipei ($3.4M), China ($2.27M), and Venezuela ($891k).

Between 2022 and 2023, the fastest growing importers of Vanadium oxides and hydroxides were China ($55.6M), United States ($4.89M), Russia ($4.78M), Ireland ($2.16M), and Canada ($1.9M).

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Exporters of Vanadium oxides and hydroxides (2022 - 2023)

Importers of Vanadium oxides and hydroxides (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Vanadium oxides and hydroxides.

In 2023, market concentration measured using Shannon Entropy, was 2.77. This means that most of the exports of Vanadium oxides and hydroxides are explained by 6 countries.

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Value of Exports in Vanadium oxides and hydroxides

Net Trade

TOP NET EXPORTER (2023)Brazil$129M
TOP NET IMPORTER (2023)United States$70M

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

In 2023, the countries that had a largest trade value in exports than in imports of Vanadium oxides and hydroxides were Brazil ($129M), Russia ($109M), South Africa ($88.9M), China ($17.9M), and Chinese Taipei ($7.98M).

In 2023, the countries that had a largest trade value in imports than in exports of Vanadium oxides and hydroxides were United States ($70M), Czechia ($60.7M), South Korea ($59.7M), Canada ($49.1M), and Netherlands ($45.7M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Vanadium oxides and hydroxides 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 (2023)

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