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Natural graphite: top exporters and importers (2024)

In 2024, world trade in natural graphite totaled $626 million (500 thousand tonnes). China accounted for 51% of exports, followed by Madagascar (10%) and Mozambique (7%); the top importers were the United States (23%), Japan (12%) and Germany (11%). Compared with 2019, the value was stable.

Summary

World trade
$626million
Tonnes
500thousand tonnes
Price per tonne
$1,253
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$317 million · 50.6%
  2. Madagascar$62 million · 10%
  3. Mozambique$45 million · 7.2%
  4. Germany$34 million · 5.5%
  5. Brazil$24 million · 3.9%
  6. Canada$19 million · 3.1%
  7. Tanzania$19 million · 3%
  8. United States$18 million · 2.9%
  9. South Korea$16 million · 2.5%
  10. Norway$11 million · 1.7%
  11. Japan$10 million · 1.5%
  12. Netherlands$8 million · 1.2%
    re-exports
  13. Mexico$7 million · 1.1%
  14. Sri Lanka$5 million · 0.81%
  15. Austria$5 million · 0.76%
  16. United Kingdom$4 million · 0.66%
  17. Czechia$3 million · 0.49%
  18. India$2 million · 0.4%
  19. Spain$2 million · 0.39%
  20. Turkey$2 million · 0.24%

Top importers

  1. United States$147 million · 23.4%
  2. Japan$77 million · 12.2%
  3. Germany$70 million · 11.1%
  4. South Korea$42 million · 6.7%
  5. India$42 million · 6.7%
  6. Poland$40 million · 6.4%
  7. China$32 million · 5.1%
  8. Austria$17 million · 2.6%
  9. Turkey$15 million · 2.4%
  10. Indonesia$13 million · 2.1%
  11. Taiwan$13 million · 2.1%
  12. Netherlands$11 million · 1.7%
    re-exports
  13. Belgium$9 million · 1.4%
    re-exports
  14. France$9 million · 1.4%
  15. Italy$8 million · 1.2%
  16. Canada$7 million · 1.1%
  17. United Kingdom$7 million · 1.1%
  18. Spain$6 million · 0.97%
  19. Mexico$6 million · 0.95%
  20. Sweden$5 million · 0.74%

Trend

Who sells it

China was the top exporter throughout the period

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

  • China 317
  • Madagascar 62.5
  • Mozambique 45.2
  • Germany 34.5
  • Brazil 24.2

Source: CEPII BACI

Show the numbers
Country19952024
China63.2317
Madagascar11.262.5
Mozambique1.245.2
Germany14.734.5
Brazil12.624.2

Price

Implied price

The price per tonne rose 152% since 1995

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

  • 2024: $1,253

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$497
1996$487
1997$487
1998$491
1999$417
2000$360
2001$340
2002$428
2003$377
2004$395
2005$423
2006$381
2007$366
2008$560
2009$496
2010$651
2011$911
2012$707
2013$976
2014$1,003
2015$863
2016$1,074
2017$756
2018$922
2019$891
2020$806
2021$660
2022$1,240
2023$1,416
2024$1,253

What it includes

  • 2504 · Natural graphite

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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