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845410 (Harmonized System 1992 for 6-digit)

2023
World Trade $137MRnk 3904 / 4644
2023
Top Exporter | Top Importer $55M | $26.7MChina | India
2023
Product Complexity -0.34Rnk 3021 / 4656
2022 - 2023
Export Growth (CAGR) 27.7%Rnk 173 / 4644
2023
Share of World Trade 0.00061%Rnk 3904 / 4644

About

Overview This page contains the latest trade data of Converters used in metallurgy or metal foundries. In 2023, Converters used in metallurgy or metal foundries were the world's 3904th most traded product, with a total trade of $137M. Between 2022 and 2023 the exports of Converters used in metallurgy or metal foundries grew by 27.7%, from $108M to $137M. Trade in Converters used in metallurgy or metal foundries represent 0.00061% of total world trade.

Converters used in metallurgy or metal foundries are a part of Casting Machines.

Exports In 2023 the top exporters of Converters used in metallurgy or metal foundries  were China ($55M), Austria ($14.7M), Italy ($10.2M), Germany ($6.37M), and Singapore ($6.01M).

Imports In 2023 the top importers of Converters used in metallurgy or metal foundries were India ($26.7M), Indonesia ($23M), Brazil ($15.1M), Singapore ($5.48M), and South Korea ($5.37M).

Ranking Converters used in metallurgy or metal foundries ranks 3021st in the Product Complexity Index (PCI).

Description Converters are used to dissolve impurities out of a metal before pouring it into a mold in order to create a more pure metal. For example, during the smelting process, a converter is used to remove any slag or impurities from the metal. Converters are also used in the production of alloys, such as brass, in order to change the composition of the metal.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Converters used in metallurgy or metal foundries. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$55M
Top Destination (2023)India$26.7M

In 2023 Converters used in metallurgy or metal foundries were the world's 3904th most traded product (out of 4,644).

In 2023, the top exporters of Converters used in metallurgy or metal foundries were China ($55M), Austria ($14.7M), Italy ($10.2M), Germany ($6.37M), and Singapore ($6.01M).

In 2023, the top importers of Converters used in metallurgy or metal foundries were India ($26.7M), Indonesia ($23M), Brazil ($15.1M), Singapore ($5.48M), and South Korea ($5.37M).

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Exporters of Converters used in metallurgy or metal foundries (2023)
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Importers of Converters used in metallurgy or metal foundries (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$14.7M
Top Destination Growth (2022 -  2023)Brazil$12.5M

Between 2022 and 2023, the exports of Converters used in metallurgy or metal foundries grew the fastest in Austria ($14.7M), Italy ($8.13M), South Korea ($3.75M), Germany ($3.64M), and China ($3.24M).

Between 2022 and 2023, the fastest growing importers of Converters used in metallurgy or metal foundries were Brazil ($12.5M), India ($10.6M), Poland ($4.98M), South Korea ($4.38M), and United Kingdom ($3.88M).

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Exporters of Converters used in metallurgy or metal foundries (2022 - 2023)

Importers of Converters used in metallurgy or metal foundries (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Converters used in metallurgy or metal foundries.

In 2023, market concentration measured using Shannon Entropy, was 3.56. This means that most of the exports of Converters used in metallurgy or metal foundries are explained by 11 countries.

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Value of Exports in Converters used in metallurgy or metal foundries

Net Trade

TOP NET EXPORTER (2023)China$53.1M
TOP NET IMPORTER (2023)Indonesia$23M

This map shows which countries export or import more of Converters used in metallurgy or metal foundries. Each country is colored based on the difference in exports and imports of Converters used in metallurgy or metal foundries during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Converters used in metallurgy or metal foundries were China ($53.1M), Austria ($14.6M), Italy ($8.57M), Germany ($5.74M), and Slovenia ($3.59M).

In 2023, the countries that had a largest trade value in imports than in exports of Converters used in metallurgy or metal foundries were Indonesia ($23M), India ($22.9M), Brazil ($15.1M), United Kingdom ($2.75M), and Japan ($2.72M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Converters used in metallurgy or metal foundries.
It is possible to select the main countries that export or import Converters used in metallurgy or metal foundries in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Converters used in metallurgy or metal foundries by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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