Molybdenum Ore in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $1.06B in Molybdenum Ore, making it the 2nd largest exporter of Molybdenum Ore in the world. At the same year, Molybdenum Ore was the 244th most exported product in United States. The main destination of Molybdenum Ore exports from United States are: Netherlands ($582M), United Kingdom ($171M), Japan ($126M), Mexico ($42.5M), and Belgium ($34.1M).

The fastest growing export markets for Molybdenum Ore of United States between 2021 and 2022 were Netherlands ($184M), United Kingdom ($30.8M), and Vietnam ($9.94M).

Imports In 2022, United States imported $534M in Molybdenum Ore, becoming the 5th largest importer of Molybdenum Ore in the world. At the same year, Molybdenum Ore was the 519th most imported product in United States. United States imports Molybdenum Ore primarily from: Peru ($354M), Chile ($72.4M), Mexico ($72.3M), Canada ($26.7M), and China ($5.58M).

The fastest growing import markets in Molybdenum Ore for United States between 2021 and 2022 were Peru ($67.6M), Chile ($27.5M), and Mongolia ($1.72M).

Latest Trends

February 2024

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Overview In February 2024 United States' Molybdenum Ore exports accounted up to $87.3M and imports accounted up to $26.7M, resulting in a positive trade balance of $60.5M. Between February 2023 and February 2024 the exports of United States' Molybdenum Ore have decreased by $-26.7M (-23.4%) from $114M to $87.3M, while imports decreased by $-43.4M (-61.9%) from $70.2M to $26.7M.

Destinations In February 2024, Molybdenum Ore were exported mostly to Netherlands ($29M), United Kingdom ($23.2M), China ($19.5M), Japan ($5.38M), and Belgium ($3.32M), and were imported mostly from Peru ($12.5M), Chile ($7.09M), Mexico ($6.92M), Canada ($243k), and Netherlands ($0).

Growth In February 2024, the decrease in Molybdenum Ore's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-4.74M or -41.6%), Belgium ($-2.31M or -85.7%), and Brazil ($-270k or -68.8%). In February 2024, the decrease in Molybdenum Ore's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-110k or -1.73%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-26.7M(-23.4%)

IMPORT GROWTH (February 2023 - February 2024)$-43.4M(-61.9%)

MAIN EXPORTER (February 2024)Iowa$58.2M

MAIN DESTINATION (February 2024)Netherlands$29M

This section shows Molybdenum Ore's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Molybdenum Ore over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.06B

IMPORTS (2022)$534M

NET TRADE (2022)$529M

In 2022, United States exported $1.06B in Molybdenum Ore. The main destinations of United States exports on Molybdenum Ore were Netherlands ($582M), United Kingdom ($171M), Japan ($126M), Mexico ($42.5M), and Belgium ($34.1M).

In 2022, United States imported $534M in Molybdenum Ore, mainly from Peru ($354M), Chile ($72.4M), Mexico ($72.3M), Canada ($26.7M), and China ($5.58M).

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