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Tantalum: top exporters and importers (2024)

In 2024, world trade in tantalum totaled $986 million (3 thousand tonnes). The top exporters were China (31%), the United States (24%) and Japan (17%); the top importers were the United States (23%), South Korea (14%) and Taiwan (11%). Compared with 2019, the value rose 15%.

Summary

World trade
$986million
Tonnes
3thousand tonnes
Price per tonne
$299,306
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$303 million · 30.8%
  2. United States$234 million · 23.7%
  3. Japan$171 million · 17.4%
  4. Germany$58 million · 5.9%
  5. Kazakhstan$55 million · 5.6%
  6. South Korea$33 million · 3.3%
  7. Thailand$33 million · 3.3%
  8. Israel$22 million · 2.3%
  9. United Kingdom$13 million · 1.3%
  10. Taiwan$12 million · 1.2%
  11. Canada$11 million · 1.1%
  12. Austria$9 million · 0.86%
  13. France$4 million · 0.45%
  14. Netherlands$4 million · 0.43%
    re-exports
  15. Czechia$4 million · 0.43%
  16. Estonia$4 million · 0.39%
  17. Indonesia$3 million · 0.35%
  18. Switzerland$2 million · 0.16%
  19. Hong Kong$1 million · 0.13%
    re-exports
  20. Hungary$1 million · 0.13%

Top importers

  1. United States$230 million · 23.3%
  2. South Korea$134 million · 13.6%
  3. Taiwan$107 million · 10.8%
  4. China$88 million · 8.9%
  5. Japan$63 million · 6.4%
  6. Indonesia$61 million · 6.2%
  7. Mexico$61 million · 6.2%
  8. United Kingdom$34 million · 3.4%
  9. Germany$31 million · 3.1%
  10. France$20 million · 2%
  11. Kazakhstan$19 million · 2%
  12. Russia$19 million · 2%
  13. Philippines$19 million · 1.9%
  14. Israel$16 million · 1.7%
  15. El Salvador$13 million · 1.3%
  16. Canada$10 million · 1%
  17. Thailand$10 million · 1%
  18. Australia$6 million · 0.61%
  19. Czechia$5 million · 0.46%
  20. Singapore$4 million · 0.4%
    re-exports

Trend

Who sells it

China has been the top exporter since 2023

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

  • China 303
  • United States 234
  • Japan 171
  • Germany 57.7
  • Kazakhstan 55

Source: CEPII BACI

Show the numbers
Country19952024
China6.4303
United States207234
Japan33171
Germany31.757.7
Kazakhstan16.855

Price

Implied price

The price per tonne rose 216% since 1995

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

  • 2024: $299,306

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$94,742
1996$135,932
1997$134,060
1998$124,437
1999$154,548
2000$171,794
2001$258,731
2002$120,130
2003$222,421
2004$192,434
2005$153,821
2006$124,575
2007$123,242
2008$127,277
2009$143,048
2010$151,889
2011$213,780
2012$236,184
2013$210,602
2014$168,966
2015$186,165
2016$190,484
2017$142,551
2018$220,890
2019$272,771
2020$299,472
2021$256,888
2022$281,639
2023$290,747
2024$299,306

What it includes

  • 8103 · Tantalum

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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