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2023
Exports $126MWorld Rnk 39 / 126
Flag Rnk 663 / 1217
2023
Destination $17.1M Canada
2022 - 2023
FASTEST GROWING MARKET $17.1MIndia
2023
PRODUCT COMPLEXITY IN Ferroalloys-1.33Rnk 905 / 1025
2023
Imports $2.99BWorld Rnk 2 / 171
Flag Rnk 172 / 1215
2023
Origin $15.3M Brazil
2022 - 2023
FASTEST GROWING ORIGIN $15.3MZimbabwe
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $126M in Ferroalloys, making it the 39th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 663rd most exported product in United States. The main destination of Ferroalloys exports from United States are: Canada ($43.3M), Mexico ($28.5M), India ($20.8M), China ($6.41M), and Malaysia ($4.7M).

The fastest growing export markets for Ferroalloys of United States between 2022 and 2023 were India ($17.1M), China ($2.61M), and Netherlands ($2.21M).

Imports In 2023, United States imported $2.99B in Ferroalloys, becoming the 2nd largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 172nd most imported product in United States. United States imports Ferroalloys primarily from: Brazil ($335M), South Africa ($296M), Canada ($290M), Kazakhstan ($271M), and Chile ($224M).

The fastest growing import markets in Ferroalloys for United States between 2022 and 2023 were Zimbabwe ($15.3M), Vietnam ($10.2M), and Germany ($10.1M).

COMPANIES In 2023, leading companies such as IKEA Group (93), Harvey Imports (70), and Dole Fresh Fruit (35) were at the forefront of shipping Ferroalloys to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Ferroalloys exports accounted up to $15.5M and imports accounted up to $215M, resulting in a negative trade balance of $199M. Between November 2023 and November 2024 the exports of United States'   Ferroalloys have decreased by $-1.39M (-8.23%) from $16.8M to $15.5M, while imports increased by $44.3M (26%) from $171M to $215M.

Destinations In November 2024, Ferroalloys were exported mostly to Canada ($10.4M), Thailand ($899k), Brazil ($866k), Netherlands ($706k), and Mexico ($678k), and were imported mostly from Brazil ($50.7M), South Africa ($23.1M), Finland ($19.4M), India ($18.8M), and Canada ($18.6M).

Growth In November 2024, the decrease in Ferroalloys's year-by-year exports was explained primarily by a decrease in exports to Canada ($-1.01M or -6.09%), Mexico ($-656k or -21.2%), and Malaysia ($-264k or -23%). In November 2024, the increase in Ferroalloys's year-by-year imports was explained primarily by an increase in imports from South Africa ($64.1M or 745%), Malaysia ($15.9M or 58.6%), and India ($13.3M or 1.26k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-1.39M(-8.23%)
IMPORT GROWTH (November 2023 - November 2024)$44.3M(26%)
MAIN EXPORTER (November 2024)Texas$4.98M
MAIN DESTINATION (November 2024)Canada$10.4M

This section shows Ferroalloys's exports and imports data at subnational level for United States. 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 (2023)$126M
IMPORTS (2023)$2.99B
NET TRADE (2023)-$2.86B

In 2023, United States exported $126M in Ferroalloys. The main destinations of United States exports on Ferroalloys were Canada ($43.3M), Mexico ($28.5M), India ($20.8M), China ($6.41M), and Malaysia ($4.7M).

In 2023, United States imported $2.99B in Ferroalloys, mainly from Brazil ($335M), South Africa ($296M), Canada ($290M), Kazakhstan ($271M), and Chile ($224M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR United States WERE (2022 - 2023):
India$17.1M (458%)
China$2.61M (68.7%)
Netherlands$2.21M (149%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY United States WERE (2022 - 2023):
Canada-$9.68M (-18.3%)
Malaysia-$9.39M (-66.6%)
Mexico-$8.35M (-22.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Ferroalloys were:
Indonesia $14.8B
South Africa $5.33B
Brazil $4.25B
In 2023, United States's main importing competitors in Ferroalloys were:
China $21.1B
Netherlands $2.49B

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $8.24M
TOP IMPORT POTENTIALCanada+ $163M

Ferroalloys’s highest export potential is India. With an export gap of $8.24M.   Ferroalloys’s highest import potential is Canada with an import gap of $163M.

See methodology.

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