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720270 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.81BRnk 932 / 4644
2023
Top Exporter | Top Importer $939M | $740MSouth Korea | Netherlands
2023
Product Complexity 0.35Rnk 1949 / 4656
2022 - 2023
Export Growth (CAGR) 21.9%Rnk 261 / 4644
2023
Share of World Trade 0.017%Rnk 932 / 4644

About

Overview This page contains the latest trade data of Ferro-molybdenum. In 2023, Ferro-molybdenum were the world's 932nd most traded product, with a total trade of $3.81B. Between 2022 and 2023 the exports of Ferro-molybdenum grew by 21.9%, from $3.13B to $3.81B. Trade in Ferro-molybdenum represent 0.017% of total world trade.

Ferro-molybdenum are a part of Ferroalloys.

Exports In 2023 the top exporters of Ferro-molybdenum  were South Korea ($939M), Netherlands ($573M), United Kingdom ($508M), Armenia ($401M), and Chile ($367M).

Imports In 2023 the top importers of Ferro-molybdenum were Netherlands ($740M), Germany ($410M), United States ($331M), Italy ($328M), and Indonesia ($246M).

Ranking Ferro-molybdenum ranks 1949th in the Product Complexity Index (PCI).

Description Ferro-molybdenum is used in the production of steel.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Ferro-molybdenum. 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)South Korea$939M
Top Destination (2023)Netherlands$740M

In 2023 Ferro-molybdenum were the world's 932nd most traded product (out of 4,644).

In 2023, the top exporters of Ferro-molybdenum were South Korea ($939M), Netherlands ($573M), United Kingdom ($508M), Armenia ($401M), and Chile ($367M).

In 2023, the top importers of Ferro-molybdenum were Netherlands ($740M), Germany ($410M), United States ($331M), Italy ($328M), and Indonesia ($246M).

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Exporters of Ferro-molybdenum (2023)
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Importers of Ferro-molybdenum (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$257M
Top Destination Growth (2022 -  2023)Netherlands$219M

Between 2022 and 2023, the exports of Ferro-molybdenum grew the fastest in South Korea ($257M), United Kingdom ($195M), Thailand ($130M), Netherlands ($98.5M), and Armenia ($84.4M).

Between 2022 and 2023, the fastest growing importers of Ferro-molybdenum were Netherlands ($219M), Italy ($110M), China ($85.3M), Germany ($68.1M), and Mexico ($52.1M).

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Exporters of Ferro-molybdenum (2022 - 2023)

Importers of Ferro-molybdenum (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-molybdenum.

In 2023, market concentration measured using Shannon Entropy, was 3.35. This means that most of the exports of Ferro-molybdenum are explained by 10 countries.

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Value of Exports in Ferro-molybdenum

Net Trade

TOP NET EXPORTER (2023)South Korea$911M
TOP NET IMPORTER (2023)Germany$339M

This map shows which countries export or import more of Ferro-molybdenum. Each country is colored based on the difference in exports and imports of Ferro-molybdenum during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ferro-molybdenum were South Korea ($911M), United Kingdom ($488M), Armenia ($401M), Chile ($365M), and Belgium ($174M).

In 2023, the countries that had a largest trade value in imports than in exports of Ferro-molybdenum were Germany ($339M), Italy ($323M), United States ($310M), Netherlands ($167M), and Sweden ($158M).

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-molybdenum.
It is possible to select the main countries that export or import Ferro-molybdenum in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferro-molybdenum 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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