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720241 (Harmonized System 1992 for 6-digit)

2022
World Trade $9.62BRnk 411 / 4648
2022
Top Exporter | Top Importer $3.65B | $2.81BSouth Africa | China
2022
Product Complexity -1.19Rnk 4009 / 4653
2021 - 2022
Export Growth (CAGR) 9.65%Rnk 1645 / 4648
2022
Share of World Trade 0.041%Rnk 411 / 4648

About

Overview This page contains the latest trade data of Ferro-chromium, >4% carbon. In 2022, Ferro-chromium, >4% carbon were the world's 411th most traded product, with a total trade of $9.62B. Between 2021 and 2022 the exports of Ferro-chromium, >4% carbon grew by 9.65%, from $8.77B to $9.62B. Trade in Ferro-chromium, >4% carbon represent 0.041% of total world trade.

Ferro-chromium, >4% carbon are a part of Ferroalloys.

Exports In 2022 the top exporters of Ferro-chromium, >4% carbon  were South Africa ($3.65B), Kazakhstan ($2.37B), India ($970M), Albania ($437M), and Zimbabwe ($436M).

Imports In 2022 the top importers of Ferro-chromium, >4% carbon were China ($2.81B), Mozambique ($1.03B), Japan ($969M), United States ($832M), and Indonesia ($737M).

Ranking Ferro-chromium, >4% carbon ranks 4009th in the Product Complexity Index (PCI).

Description Ferro-chromium is a type of steel that is used in the production of stainless steel. The chromium is added to increase the corrosion resistance while the carbon is added to improve the tensile strength.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Ferro-chromium, >4% carbon. 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 (2022)South Africa$3.65B
Top Destination (2022)China$2.81B

In 2022 Ferro-chromium, >4% carbon were the world's 411th most traded product (out of 4,648).

In 2022, the top exporters of Ferro-chromium, >4% carbon were South Africa ($3.65B), Kazakhstan ($2.37B), India ($970M), Albania ($437M), and Zimbabwe ($436M).

In 2022, the top importers of Ferro-chromium, >4% carbon were China ($2.81B), Mozambique ($1.03B), Japan ($969M), United States ($832M), and Indonesia ($737M).

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Exporters of Ferro-chromium, >4% carbon (2022)
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Importers of Ferro-chromium, >4% carbon (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Kazakhstan$628M
Top Destination Growth (2021 -  2022)Mozambique$551M

Between 2021 and 2022, the exports of Ferro-chromium, >4% carbon grew the fastest in Kazakhstan ($628M), Albania ($234M), Zimbabwe ($71M), Sweden ($51.3M), and Turkey ($47.5M).

Between 2021 and 2022, the fastest growing importers of Ferro-chromium, >4% carbon were Mozambique ($551M), United States ($302M), China ($283M), Italy ($202M), and Germany ($172M).

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Exporters of Ferro-chromium, >4% carbon (2021 - 2022)

Importers of Ferro-chromium, >4% carbon (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-chromium, >4% carbon.

In 2022, market concentration measured using Shannon Entropy, was 2.86. This means that most of the exports of Ferro-chromium, >4% carbon are explained by 7 countries.

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Value of Exports in Ferro-chromium, >4% carbon

Net Trade

TOP NET EXPORTER (2022)South Africa$3.63B
TOP NET IMPORTER (2022)China$2.72B

This map shows which countries export or import more of Ferro-chromium, >4% carbon. Each country is colored based on the difference in exports and imports of Ferro-chromium, >4% carbon during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ferro-chromium, >4% carbon were South Africa ($3.63B), Kazakhstan ($2.37B), India ($894M), Zimbabwe ($436M), and Albania ($436M).

In 2022, the countries that had a largest trade value in imports than in exports of Ferro-chromium, >4% carbon were China ($2.72B), Mozambique ($985M), Japan ($968M), United States ($817M), and Indonesia ($737M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Ferro-chromium, >4% carbon.
It is possible to select the main countries that export or import Ferro-chromium, >4% carbon in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferro-chromium, >4% carbon 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 (2022)

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