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Molybdenum ore: top exporters and importers (2024)

In 2024, world trade in molybdenum ore totaled $8.1 billion (379 thousand tonnes). The top exporters were Chile (24%), Peru (20%) and the United States (15%); the top importers were South Korea (13%), China (13%) and the Netherlands (10%). Compared with 2019, the value rose 70%.

Summary

World trade
$8.1billion
Tonnes
379thousand tonnes
Price per tonne
$21,463
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Chile$1.9 billion · 23.7%
  2. Peru$1.6 billion · 20.1%
  3. United States$1.3 billion · 15.4%
  4. Netherlands$865 million · 10.7%
    re-exports
  5. Mexico$738 million · 9.1%
  6. China$429 million · 5.3%
  7. Armenia$244 million · 3%
  8. Kazakhstan$174 million · 2.1%
  9. Belgium$146 million · 1.8%
    re-exports
  10. Mongolia$130 million · 1.6%
  11. Thailand$108 million · 1.3%
  12. Australia$80 million · 0.98%
  13. South Korea$76 million · 0.94%
  14. Canada$62 million · 0.76%
  15. Vietnam$46 million · 0.56%
  16. United Kingdom$40 million · 0.49%
  17. United Arab Emirates$24 million · 0.3%
  18. Germany$23 million · 0.29%
  19. Japan$18 million · 0.22%
  20. Brazil$18 million · 0.22%

Top importers

  1. South Korea$1 billion · 12.9%
  2. China$1 billion · 12.8%
  3. Netherlands$850 million · 10.5%
    re-exports
  4. Chile$843 million · 10.4%
  5. Japan$783 million · 9.6%
  6. United States$612 million · 7.5%
  7. Belgium$546 million · 6.7%
    re-exports
  8. India$459 million · 5.7%
  9. United Kingdom$396 million · 4.9%
  10. Brazil$382 million · 4.7%
  11. Thailand$204 million · 2.5%
  12. Sweden$185 million · 2.3%
  13. Italy$152 million · 1.9%
  14. Finland$112 million · 1.4%
  15. Austria$85 million · 1.1%
  16. Germany$61 million · 0.75%
  17. Spain$57 million · 0.7%
  18. Russia$41 million · 0.5%
  19. France$39 million · 0.48%
  20. Vietnam$36 million · 0.45%

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
  • Netherlands 0.87
  • Mexico 0.74

Source: CEPII BACI

Show the numbers
Country19952024
Chile0.441.9
Peru0.061.6
United States0.561.3
Netherlands0.110.87
Mexico0.150.74

Price

Implied price

The price per tonne rose 136% since 1995

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

  • 2024: $21,463

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$9,086
1996$3,627
1997$5,117
1998$4,429
1999$3,082
2000$2,801
2001$2,930
2002$4,068
2003$5,773
2004$15,192
2005$22,444
2006$24,273
2007$29,081
2008$29,245
2009$13,176
2010$16,426
2011$17,520
2012$14,462
2013$10,321
2014$14,370
2015$8,414
2016$7,298
2017$9,303
2018$13,551
2019$13,102
2020$9,851
2021$15,157
2022$20,617
2023$25,090
2024$21,463

What it includes

  • 2613 · Molybdenum ore

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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