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2022
Exports $3BWorld Rnk 6 / 129
Flag Rnk 231 / 1216
2022
Destination $117M Indonesia
2021 - 2022
FASTEST GROWING MARKET $117MSouth Korea
2022
PRODUCT COMPLEXITY IN Ferroalloys-1.24Rnk 892 / 1025
2022
Imports $19.9BWorld Rnk 1 / 172
Flag Rnk 19 / 1212
2022
Origin $6.86B Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $6.86BIndonesia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $3B in Ferroalloys, making it the 6th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 231st most exported product in China. The main destination of Ferroalloys exports from China are: Indonesia ($545M), South Korea ($473M), Japan ($398M), Netherlands ($171M), and India ($148M).

The fastest growing export markets for Ferroalloys of China between 2021 and 2022 were South Korea ($117M), Turkey ($110M), and India ($92.4M).

Imports In 2022, China imported $19.9B in Ferroalloys, becoming the 1st largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 19th most imported product in China. China imports Ferroalloys primarily from: Indonesia ($13.2B), Brazil ($1.34B), South Africa ($1.3B), New Caledonia ($936M), and Kazakhstan ($776M).

The fastest growing import markets in Ferroalloys for China between 2021 and 2022 were Indonesia ($6.86B), New Caledonia ($474M), and Brazil ($335M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (17), Walmart (13), and IKEA Group (9) were at the forefront of shipping Ferroalloys from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Ferroalloys exports accounted up to $153M and imports accounted up to $1.65B, resulting in a negative trade balance of $1.49B. Between September 2023 and September 2024 the exports of China's   Ferroalloys have increased by $8.62M (5.95%) from $145M to $153M, while imports decreased by $-438M (-21%) from $2.09B to $1.65B.

Destinations In September 2024, Ferroalloys were exported mostly to Indonesia ($53.5M), Japan ($33.5M), South Korea ($17.5M), Russia ($7.6M), and Netherlands ($6.23M), and were imported mostly from Indonesia ($1.06B), South Africa ($157M), Kazakhstan ($136M), Brazil ($101M), and South Korea ($38.1M).

Growth In September 2024, the increase in Ferroalloys's year-by-year exports was explained primarily by an increase in exports to Indonesia ($20.4M or 28.1%), Netherlands ($2.74M or 21.1%), and South Africa ($2.11M or 260%). In September 2024, the decrease in Ferroalloys's year-by-year imports was explained primarily by a decrease in imports from Zimbabwe ($-42.2M or -72.1%), Mozambique ($-36.2M or -97.5%), and Dominican Republic ($-21.9M or -80.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$8.62M(5.95%)
IMPORT GROWTH (September 2023 - September 2024)$-438M(-21%)
MAIN EXPORTER (September 2024)Jiangsu Province$61M
MAIN DESTINATION (September 2024)Indonesia$53.5M

This section shows Ferroalloys's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Ferroalloys over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3B
IMPORTS (2022)$19.9B
NET TRADE (2022)-$16.9B

In 2022, China exported $3B in Ferroalloys. The main destinations of China exports on Ferroalloys were Indonesia ($545M), South Korea ($473M), Japan ($398M), Netherlands ($171M), and India ($148M).

In 2022, China imported $19.9B in Ferroalloys, mainly from Indonesia ($13.2B), Brazil ($1.34B), South Africa ($1.3B), New Caledonia ($936M), and Kazakhstan ($776M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR China WERE (2021 - 2022):
South Korea$117M (33%)
Turkey$110M (333%)
India$92.4M (166%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY China WERE (2021 - 2022):
Chinese Taipei-$40.1M (-21.4%)
Pakistan-$8.57M (-58%)
Austria-$7.53M (-92.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Ferroalloys were:
Indonesia $13.7B
South Africa $4.4B
Brazil $4.24B
In 2022, China's main importing competitors in Ferroalloys were:
United States $4.85B
Japan $3.5B

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $123M
TOP IMPORT POTENTIALKazakhstan+ $584M

Ferroalloys’s highest export potential is India. With an export gap of $123M.   Ferroalloys’s highest import potential is Kazakhstan with an import gap of $584M.

See methodology.

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