Overview This page contains the latest trade data of Mineral Products. In 2020, Mineral Products were the world's 2nd most traded product, with a total trade of $1.8T. Between 2019 and 2020 the exports of Mineral Products decreased by -29.2%, from $2.54T to $1.8T. Trade in Mineral Products represent 10.8% of total world trade.
Mineral Products include Crude Petroleum, Refined Petroleum, Petroleum Gas, Coal Briquettes, Iron Ore, Copper Ore, Electricity, Coal Tar Oil, Petroleum Coke, and Cement, among others.
Exports In 2020 the top exporters of Mineral Products were United States ($169B), Russia ($166B), Australia ($158B), Saudi Arabia ($110B), and Canada ($80.9B).
Imports In 2020 the top importers of Mineral Products were China ($387B), United States ($127B), Japan ($117B), India ($107B), and South Korea ($97.3B).
Tariffs In 2018 the average tariff for Mineral Products was 3.45%, making it the 21st lowest tariff using the Section product classification.
The countries with the highest import tariffs for Mineral Products are Bhutan (26%), Bahamas (24.4%), Bermuda (21.2%), and Cayman Islands (21%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Mauritius (0.04%).
Ranking Mineral Products ranks 21st in the Product Complexity Index (PCI).