In 2023, China led the global export market for staples of base metal, holding 44.53% of the share, growing by 2.8%. Germany, Japan, and the Netherlands followed, with shares of 7.34%, 6.14%, and 5.59%, respectively, all showing varied performances. Noteworthy growth was seen in India (3.96%) and Poland (7.37%). While the United Kingdom (-7.29%) and other European countries experienced declines, major countries like the United States grew marginally by 0.93%. Overall, the market experienced diverse trends, with several emerging economies showing positive growth, contrasting with declines in traditional markets.
Future trends to watch include potential shifts due to geopolitical factors affecting trade patterns. Emerging markets may continue to grow their share, especially if they diversify their export partners and invest in advancing their manufacturing capabilities. Monitoring China's economic policies will also be crucial, as its actions significantly impact global trade dynamics.
Top countries in Export of Staples of Base Metal Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 44.53 | 2023 | +3.02% | +2.8% | View data |
| 2 | 2 Germany | 7.34 | 2023 | -1.31% | -1.79% | View data |
| 3 | 3 Japan | 6.14 | 2023 | -2.16% | -1.97% | View data |
| 4 | 4 Netherlands | 5.59 | 2023 | +0.43% | +0.1% | View data |
| 5 | 5 United States | 5.41 | 2023 | +0.31% | +0.93% | View data |
| 6 | 6 Austria | 3.19 | 2023 | +2.63% | +2.69% | View data |
| 7 | 7 India | 3.14 | 2023 | +3.83% | +3.96% | View data |
| 8 | 8 Sweden | 3.07 | 2023 | -2.19% | -3.37% | View data |
| 9 | 9 France | 2.9 | 2023 | -3.08% | -2.93% | View data |
| 10 | 10 Italy | 2.65 | 2023 | -0.057% | -0.062% | View data |
