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720260 (Harmonized System 1992 for 6-digit)

2023
World Trade $18.8BRnk 171 / 4644
2023
Top Exporter | Top Importer $14.7B | $16.3BIndonesia | China
2023
Product Complexity -1.68Rnk 4377 / 4656
2022 - 2023
Export Growth (CAGR) -2.91%Rnk 1847 / 4644
2023
Share of World Trade 0.083%Rnk 171 / 4644

About

Overview This page contains the latest trade data of Ferro-nickel. In 2023, Ferro-nickel were the world's 171st most traded product, with a total trade of $18.8B. Between 2022 and 2023 the exports of Ferro-nickel decreased by -2.91%, from $19.3B to $18.8B. Trade in Ferro-nickel represent 0.083% of total world trade.

Ferro-nickel are a part of Ferroalloys.

Exports In 2023 the top exporters of Ferro-nickel  were Indonesia ($14.7B), New Caledonia ($1.03B), Brazil ($927M), Colombia ($625M), and Dominican Republic ($624M).

Imports In 2023 the top importers of Ferro-nickel were China ($16.3B), South Korea ($353M), India ($309M), Netherlands ($277M), and Italy ($181M).

Ranking Ferro-nickel ranks 4377th in the Product Complexity Index (PCI).

Description Ferronickel is commonly used in manufacturing because of its high strength and resistance to corrosion. It is also used in the production of coins and as a substitute for gold. It is also used in the manufacture of stainless steel and other alloys.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Ferro-nickel. 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)Indonesia$14.7B
Top Destination (2023)China$16.3B

In 2023 Ferro-nickel were the world's 171st most traded product (out of 4,644).

In 2023, the top exporters of Ferro-nickel were Indonesia ($14.7B), New Caledonia ($1.03B), Brazil ($927M), Colombia ($625M), and Dominican Republic ($624M).

In 2023, the top importers of Ferro-nickel were China ($16.3B), South Korea ($353M), India ($309M), Netherlands ($277M), and Italy ($181M).

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

Color
Top Origin Growth (2022 -  2023)Indonesia$1.32B
Top Destination Growth (2022 -  2023)China$728M

Between 2022 and 2023, the exports of Ferro-nickel grew the fastest in Indonesia ($1.32B), India ($27.2M), South Korea ($25.8M), China ($17.6M), and Luxembourg ($10.9M).

Between 2022 and 2023, the fastest growing importers of Ferro-nickel were China ($728M), United Kingdom ($62M), France ($30.8M), Canada ($24.5M), and Singapore ($10.8M).

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Exporters of Ferro-nickel (2022 - 2023)

Importers of Ferro-nickel (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 1.41. This means that most of the exports of Ferro-nickel are explained by 2 countries.

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Value of Exports in Ferro-nickel

Net Trade

TOP NET EXPORTER (2023)Indonesia$14.7B
TOP NET IMPORTER (2023)China$16.3B

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

In 2023, the countries that had a largest trade value in exports than in imports of Ferro-nickel were Indonesia ($14.7B), New Caledonia ($1.03B), Brazil ($927M), Colombia ($625M), and Dominican Republic ($624M).

In 2023, the countries that had a largest trade value in imports than in exports of Ferro-nickel were China ($16.3B), India ($281M), Italy ($181M), Spain ($160M), and United Kingdom ($159M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Ferro-nickel 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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