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Tungsten: top exporters and importers (2024)

In 2024, world trade in tungsten totaled $1.5 billion (89 thousand tonnes). The top exporters were China (27%), Germany (13%) and the United States (13%); the top importers were the United States (16%), Germany (14%) and Japan (7%). Compared with 2019, the value rose 33%.

Summary

World trade
$1.5billion
Tonnes
89thousand tonnes
Price per tonne
$17,289
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$415 million · 26.8%
  2. Germany$197 million · 12.8%
  3. United States$197 million · 12.7%
  4. Japan$136 million · 8.8%
  5. Austria$93 million · 6%
  6. Czechia$45 million · 2.9%
  7. United Kingdom$39 million · 2.6%
  8. India$39 million · 2.5%
  9. France$38 million · 2.4%
  10. South Korea$33 million · 2.1%
  11. Canada$26 million · 1.7%
  12. Netherlands$24 million · 1.5%
    re-exports
  13. Switzerland$20 million · 1.3%
  14. Israel$19 million · 1.2%
  15. Italy$19 million · 1.2%
  16. Malaysia$16 million · 1.1%
  17. Sweden$16 million · 1%
  18. Taiwan$15 million · 0.94%
  19. Saudi Arabia$13 million · 0.86%
  20. Poland$13 million · 0.81%

Top importers

  1. United States$254 million · 16.4%
  2. Germany$213 million · 13.8%
  3. Japan$116 million · 7.5%
  4. South Korea$85 million · 5.5%
  5. China$80 million · 5.2%
  6. Taiwan$75 million · 4.8%
  7. Mexico$64 million · 4.1%
  8. India$59 million · 3.8%
  9. Austria$57 million · 3.7%
  10. Finland$48 million · 3.1%
  11. France$45 million · 2.9%
  12. United Kingdom$45 million · 2.9%
  13. Singapore$39 million · 2.5%
    re-exports
  14. Canada$37 million · 2.4%
  15. Israel$35 million · 2.3%
  16. Vietnam$21 million · 1.4%
  17. Czechia$20 million · 1.3%
  18. Philippines$20 million · 1.3%
  19. Poland$15 million · 0.99%
  20. United Arab Emirates$15 million · 0.94%

Trend

Who sells it

China has been the top exporter since 2004

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

  • China 415
  • Germany 197
  • United States 197
  • Japan 136
  • Austria 93

Source: CEPII BACI

Show the numbers
Country19952024
China24.8415
Germany36.2197
United States48.7197
Japan59.2136
Austria43.593

Price

Implied price

The price per tonne rose 35% since 1995

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

  • 2024: $17,289

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$12,836
1996$21,990
1997$20,945
1998$20,305
1999$19,234
2000$18,340
2001$18,085
2002$18,798
2003$18,778
2004$15,940
2005$22,436
2006$26,285
2007$34,849
2008$32,779
2009$30,365
2010$35,534
2011$41,345
2012$36,010
2013$33,441
2014$27,167
2015$34,457
2016$26,356
2017$28,511
2018$34,387
2019$23,890
2020$24,520
2021$27,554
2022$23,984
2023$20,053
2024$17,289

What it includes

  • 8101 · Tungsten

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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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