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Molybdenum: top exporters and importers (2024)

In 2024, world trade in molybdenum totaled $9.3 billion (423 thousand tonnes). The top exporters were Chile (21%), Peru (17%) and the United States (14%); the top importers were South Korea (12%), China (12%) and the Netherlands (10%). Compared with 2019, the value rose 65%.

Summary

World trade
$9.3billion
Tonnes
423thousand tonnes
Price per tonne
$22,087
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Chile$1.9 billion · 20.6%
    see destinations
  2. Peru$1.6 billion · 17.4%
    see destinations
  3. United States$1.3 billion · 14.3%
  4. China$897 million · 9.6%
  5. Netherlands$889 million · 9.5%
    re-exports
  6. Mexico$738 million · 7.9%
  7. Armenia$244 million · 2.6%
  8. Austria$242 million · 2.6%
  9. Kazakhstan$174 million · 1.9%
  10. Belgium$150 million · 1.6%
    re-exports
  11. Mongolia$130 million · 1.4%
  12. United Kingdom$119 million · 1.3%
  13. Thailand$110 million · 1.2%
  14. Germany$106 million · 1.1%
  15. South Korea$98 million · 1.1%
  16. Australia$81 million · 0.87%
  17. Canada$79 million · 0.84%
  18. Uzbekistan$57 million · 0.62%
  19. Japan$51 million · 0.54%
  20. Vietnam$46 million · 0.5%

Top importers

  1. South Korea$1.1 billion · 12%
  2. China$1.1 billion · 11.6%
  3. Netherlands$905 million · 9.7%
    re-exports
  4. Japan$883 million · 9.5%
  5. Chile$843 million · 9%
  6. United States$809 million · 8.7%
  7. Belgium$585 million · 6.3%
    re-exports
  8. India$505 million · 5.4%
  9. United Kingdom$492 million · 5.3%
  10. Brazil$403 million · 4.3%
  11. Germany$216 million · 2.3%
  12. Thailand$206 million · 2.2%
  13. Sweden$197 million · 2.1%
  14. Italy$168 million · 1.8%
  15. Austria$142 million · 1.5%
  16. France$116 million · 1.3%
  17. Finland$113 million · 1.2%
  18. Taiwan$83 million · 0.89%
  19. Spain$63 million · 0.67%
  20. Russia$53 million · 0.57%

Trend

Who sells it

Chile has been the top exporter since 2014

Value in USD billions. The five largest exporters in 2024.

  • Chile 1.9
  • Peru 1.6
  • United States 1.3
  • China 0.9
  • Netherlands 0.89

Source: CEPII BACI

Show the numbers
Country19952024
Chile0.441.9
Peru0.061.6
United States0.631.3
China0.140.9
Netherlands0.120.89

Price

Implied price

The price per tonne rose 121% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $22,087

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$10,012
1996$4,597
1997$6,128
1998$5,499
1999$4,143
2000$3,683
2001$3,787
2002$4,876
2003$6,618
2004$16,018
2005$24,361
2006$26,904
2007$31,826
2008$32,669
2009$15,208
2010$18,130
2011$20,071
2012$16,870
2013$12,195
2014$16,301
2015$10,100
2016$8,522
2017$10,537
2018$14,756
2019$14,122
2020$10,953
2021$16,256
2022$22,219
2023$26,886
2024$22,087

What it includes

Ore and metal.

  • 2613 · Molybdenum ore
  • 8102 · Molybdenum metal

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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