# HS 261590 Niobium global trade data overview | Yugalinks

Reported global trade in niobium, tantalum, vanadium ores and concentrates reached $436.6M in 2024, with five-year annual growth of +8.4%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $496.6M | +0.5% | +21.9% |
| 2014 | $359.6M | -27.6% | -12.6% |
| 2015 | $258.9M | -28% | -19.4% |
| 2016 | $240.7M | -7% | -21.4% |
| 2017 | $267.2M | +11% | -9.4% |
| 2018 | $437.9M | +63.9% | +19.1% |
| 2019 | $292.4M | -33.2% | +6.7% |
| 2020 | $246.8M | -15.6% | -2.6% |
| 2021 | $327.3M | +32.6% | -9.2% |
| 2022 | $486.3M | +48.6% | +18.5% |
| 2023 | $443.5M | -8.8% | +21.6% |
| 2024 | $436.6M | -1.5% | +10.1% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $219.6M | +17.3% | 37 |
| USA | $40.2M | -1.5% | 17 |
| Thailand | $34.5M | -2.2% | 13 |
| United Arab Emirates | $22.7M | -0% | 7 |
| Malaysia | $20.1M | +2.2% | 13 |
| China, Hong Kong Special Administrative Region | $17.6M | +37.8% | 10 |
| Germany | $12.7M | -5% | 16 |
| Taiwan | $9.0M | +12% | 9 |
| Singapore | $8.9M | -2.2% | 6 |
| Netherlands | $8.0M | +240.5% | 11 |
| Viet Nam | $5.6M | -4.6% | 10 |
| Kazakhstan | $4.5M | +46.6% | 7 |

_Source: reported merchandise trade data. Updated 2026-08-14._