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Uranium and thorium ore: top exporters and importers (2024)

In 2024, world trade in uranium and thorium ore totaled $1.6 billion (72 thousand tonnes). Namibia accounted for 67% of exports, followed by Australia (27%) and Uzbekistan (3%); China accounted for 53% of imports, followed by the United States (33%) and France (9%). Compared with 2019, the value rose 35%.

Summary

World trade
$1.6billion
Tonnes
72thousand tonnes
Price per tonne
$22,310
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Namibia$1.1 billion · 66.9%
  2. Australia$432 million · 26.9%
  3. Uzbekistan$47 million · 2.9%
  4. Thailand$16 million · 1%
  5. Madagascar$15 million · 0.95%
  6. Canada$11 million · 0.71%
  7. Indonesia$5 million · 0.31%
  8. Democratic Republic of the Congo$4 million · 0.24%
  9. Malaysia$659 thousand · 0.04%
  10. Nigeria$223 thousand · 0.01%
  11. Japan$138 thousand · 0.01%
  12. Brazil$133 thousand · 0.01%
  13. Poland$58 thousand · 0%
  14. India$40 thousand · 0%
  15. Germany$38 thousand · 0%
  16. Netherlands$33 thousand · 0%
    re-exports
  17. United Kingdom$30 thousand · 0%
  18. Italy$30 thousand · 0%
  19. China$20 thousand · 0%
  20. Saudi Arabia$7 thousand · 0%

Top importers

  1. China$845 million · 52.5%
  2. United States$524 million · 32.6%
  3. France$142 million · 8.8%
  4. Canada$50 million · 3.1%
  5. India$47 million · 2.9%
  6. Switzerland$48 thousand · 0%
  7. Israel$42 thousand · 0%
  8. Japan$40 thousand · 0%
  9. Spain$35 thousand · 0%
  10. Saudi Arabia$28 thousand · 0%
  11. Austria$21 thousand · 0%
  12. Slovakia$11 thousand · 0%
  13. Australia$7 thousand · 0%
  14. Taiwan$6 thousand · 0%
  15. Cyprus$3 thousand · 0%
  16. United Kingdom$1 thousand · 0%
  17. Tanzania$903 · 0%
  18. Finland$448 · 0%
  19. Bangladesh$437 · 0%
  20. Netherlands$419 · 0%
    re-exports

Trend

Who sells it

Namibia has been the top exporter since 2024

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

  • Namibia 1.1
  • Australia 0.43
  • Uzbekistan 0.05
  • Thailand 0.02
  • Madagascar 0.02

Source: CEPII BACI

Show the numbers
Country19952024
Namibia01.1
Australia< 0.010.43
Uzbekistan< 0.010.05
Thailand00.02
Madagascar00.02

Price

Implied price

The price per tonne rose 1,683% since 1995

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

  • 2024: $22,310

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,251
1996—
1997—
1998—
1999—
2000$11,410
2001$22,483
2002$20,706
2003$13,692
2004$11,961
2005$6,948
2006$17,877
2007$1,406
2008$81,983
2009$7,901
2010$53,772
2011$38,466
2012$43,912
2013$59,915
2014$34,014
2015$24,573
2016$9,650
2017$13,440
2018$20,649
2019$24,765
2020$10,000
2021$5,815
2022$15,351
2023$16,882
2024$22,310

What it includes

  • 2612 · Uranium and thorium ore

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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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