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720249 (Harmonized System 1992 for 6-digit)

2023
World Trade $934MRnk 2185 / 4644
2023
Top Exporter | Top Importer $216M | $185MKazakhstan | United States
2023
Product Complexity -0.56Rnk 3306 / 4656
2022 - 2023
Export Growth (CAGR) -41.9%Rnk 4463 / 4644
2023
Share of World Trade 0.0041%Rnk 2185 / 4644

About

Overview This page contains the latest trade data of Ferro-chromium, <4% carbon. In 2023, Ferro-chromium, <4% carbon were the world's 2185th most traded product, with a total trade of $934M. Between 2022 and 2023 the exports of Ferro-chromium, <4% carbon decreased by -41.9%, from $1.61B to $934M. Trade in Ferro-chromium, <4% carbon represent 0.0041% of total world trade.

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

Exports In 2023 the top exporters of Ferro-chromium, <4% carbon  were Kazakhstan ($216M), China ($140M), Russia ($105M), Germany ($95.6M), and Turkey ($89.7M).

Imports In 2023 the top importers of Ferro-chromium, <4% carbon were United States ($185M), Japan ($118M), Germany ($84.5M), Netherlands ($56M), and South Korea ($46.1M).

Ranking Ferro-chromium, <4% carbon ranks 3306th in the Product Complexity Index (PCI).

Description Ferro-chromium has a low melting point, and can be heated to a higher temperature than carbon steel. It is used for manufacturing steels with a higher carbon content than is possible with carbon steel. Ferro-chromium can be used as a coating on other metals, such as iron, as a way of preventing corrosion.

Latest Trends

Latest Data

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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 (2023)Kazakhstan$216M
Top Destination (2023)United States$185M

In 2023 Ferro-chromium, <4% carbon were the world's 2185th most traded product (out of 4,644).

In 2023, the top exporters of Ferro-chromium, <4% carbon were Kazakhstan ($216M), China ($140M), Russia ($105M), Germany ($95.6M), and Turkey ($89.7M).

In 2023, the top importers of Ferro-chromium, <4% carbon were United States ($185M), Japan ($118M), Germany ($84.5M), Netherlands ($56M), and South Korea ($46.1M).

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Exporters of Ferro-chromium, <4% carbon (2023)
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Importers of Ferro-chromium, <4% carbon (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$51M
Top Destination Growth (2022 -  2023)Gambia$23.6M

Between 2022 and 2023, the exports of Ferro-chromium, <4% carbon grew the fastest in India ($51M), Chinese Taipei ($6.22M), Sweden ($1.99M), Japan ($980k), and Austria ($542k).

Between 2022 and 2023, the fastest growing importers of Ferro-chromium, <4% carbon were Gambia ($23.6M), Russia ($8.72M), China ($2.55M), Indonesia ($2.4M), and Croatia ($2.03M).

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Exporters of Ferro-chromium, <4% carbon (2022 - 2023)

Importers of Ferro-chromium, <4% carbon (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.44. This means that most of the exports of Ferro-chromium, <4% carbon are explained by 10 countries.

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

Net Trade

TOP NET EXPORTER (2023)Kazakhstan$216M
TOP NET IMPORTER (2023)United States$185M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ferro-chromium, <4% carbon were Kazakhstan ($216M), China ($132M), Russia ($87.8M), Turkey ($69.8M), and India ($51.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Ferro-chromium, <4% carbon were United States ($185M), Japan ($99.2M), South Korea ($45.8M), Spain ($32.8M), and Belgium ($27.4M).

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 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 (2023)

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