In 2023, Chile led as the top exporter of molybdenum ores and concentrates with $736.46 million, followed by the United States at $347.52 million. Peru also played a significant role with exports valued at $272.67 million. Compared to 2022, Chile and the United States showed moderate growth in export value, while Peru experienced a modest increment. The Netherlands, although not a producer, served as a key transshipment point with $197.53 million. Over five years, the compound annual growth rate (CAGR) for most top exporters shows positive trends, driven by steady demand and production increases.
Future trends to watch:
- Demand for molybdenum in the steel industry, influencing export volumes.
- Environmental policies affecting production costs and export dynamics.
- Technological advancements in mining improving efficiency and yield.
- Potential geopolitical factors impacting trade routes and partnerships.
Top countries in Top Exporters of Molybdenum Ores and Concentrates
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Chile | 736.46 | 2016 | |
| 2 | 2 United States | 347.52 | 2016 | |
| 3 | 3 Peru | 272.67 | 2016 | |
| 4 | 4 Netherlands | 197.53 | 2016 | |
| 5 | 5 Mexico | 159.69 | 2016 | |
| 6 | 6 Italy | 66.53 | 2016 | |
| 7 | 7 China | 46.01 | 2016 | |
| 8 | 8 Canada | 36.53 | 2016 | |
| 9 | 9 Belgium | 36.45 | 2016 | |
| 10 | 10 Germany | 27.77 | 2016 |
