1. Structure of tungsten products export and import analysis

By 2015, intermediate goods accounted for 69.94% of total export, being the fourth year which below 80% of the whole and the second year for consecutive less than 70%; the export of tungsten material, tungsten carbide accounted for 30.06% of total exports, the pattern that exports tungsten intermediate products as the center gradually change. Tungsten concentrate still being the center of tungsten products import, accounting for 72.79% of total imports, down 0.28 percentage points, and the proportion continued to decline.

 

2. Import and export tungsten products market analysis

Europe, the United States, Japan and South Korea are the four main destinations for Chinese export tungsten products. By 2015, the amount of tungsten product export to South Korea grew 22.98 percent, while the amount of tungsten products exports to Europe, the United States and Japan fell down respectively 2.83%, 34.94% and 4.84%. Among them, American decline prominently, first one maybe the reducing and stopping production oil, shale gas drilling in US; the second is the US tungsten manufacturer opened up new sources of raw materials. The amount of tungsten products which exports to the above four countries accounted for 87.07% of total exports, decreasing 1.82 percentage points compared with 2014. Wherein the amount exported to Europe, America, Japan and South Korea respectively account for the total of 26.11%, 13.93%, 25.39% and 21.64%; besides South Korea and Europe accounted respectively decline for 6.63% and 0.23% over the same period. European and Japanese market is relatively stable; the reducing rate of United States is the largest; while South Korea increasing significantly.

 

By 2015, the amount of tungsten which China imported from Asia, Europe, Africa and North America accounted for respectively 44.73%, 27.29%, 18.40% and 4.94%, imported from the four region above accounting for 95.36% of total imported tungsten products, increasing 5.69% over the same period; imported from Asia grew 1.46% over the same period, imported from Europe, Africa and North America decreased respectively 45.09%, 5.72% and 49.12%. By 2015, China imported tungsten concentrate from Mongolia, the Russian Federation, Rwanda, Myanmar and Brazil accounted for 84.22 percent of total imports of tungsten concentrate, increasing 5.58% over the same period. The amount of tungsten concentrate imported from Mongolia, the Russian Federation, Rwanda, Myanmar and Brazil takes respectively 24.22%, 21.87%, 10.05% and 3.26% of the total; Mongolia, Rwanda and Myanmar increased 8.99%, 9.46%, 7.99% compared to 2014, the Russian Federation and Brazil decreased 16.10% and 4.76% respectively. The top 5 tungsten ore sources changed, Mongolia went up to No.1 from the second, the Russian Federation decreased to the second from No.1, Rwanda held the NO.3 which unchanged, Myanmar moved to No.4 from NO.8, Brazil dropped to NO.5 from NO.4. By 2015, there were no tungsten ore importing from Canada and the Vietnamese which have ever been the main source.