Ferro-niobium720293 (Harmonized System 1992 for 6-digit)
2021 World Trade: $3.13B, Rnk 1071 / 4641
2021 Top Exporter | Top Importer: $2.28B | $817M, Brazil | China
2021 Product Complexity: 1.04, Rnk 710 / 4648
2020 - 2021 Export Growth (CAGR): false, Rnk 1082 / 4641
2018 Mean Tariff: 2.3%, Rnk 6165 / 6538
2021 Share of World Trade: 0.00015%, Rnk 1071 / 4641
Overview This page contains the latest trade data of Ferro-niobium. In 2021, Ferro-niobium were the world's 1071st most traded product, with a total trade of $3.13B. Between 2020 and 2021 the exports of Ferro-niobium N/A by N/A, from $2.34B to $3.13B. Trade in Ferro-niobium represent 0.00015% of total world trade.
Ferro-niobium are a part of Ferroalloys.
Exports In 2021 the top exporters of Ferro-niobium were Brazil ($2.28B), Canada ($330M), Netherlands ($212M), Singapore ($202M), and United States ($19.6M).
Imports In 2021 the top importers of Ferro-niobium were China ($817M), Netherlands ($630M), United States ($219M), South Korea ($206M), and Japan ($202M).
Tariffs In 2018 the average tariff for Ferro-niobium was 2.3%, making it the 6165th lowest tariff using the HS6 product classification.
Ranking Ferro-niobium ranks 710th in the Product Complexity Index (PCI).
Description Ferro-niobium is used to create strong magnets, to create alloys, to create corrosion resistant coatings, and to create electric currents.
The following visualization shows the latest trends on Ferro-niobium. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Ferro-niobium are the world's 1071st most traded product.
In 2021, the top exporters of Ferro-niobium were Brazil ($2.28B), Canada ($330M), Netherlands ($212M), Singapore ($202M), and United States ($19.6M).
In 2021, the top importers of Ferro-niobium were China ($817M), Netherlands ($630M), United States ($219M), South Korea ($206M), and Japan ($202M).
Trade by country
Top Origin Growth (2020 - 2021): Brazil, $593M
Top Destination Growth (2020 - 2021): Netherlands, $221M
Between 2020 and 2021, the exports of Ferro-niobium grew the fastest in Brazil ($593M), Canada ($77.9M), Singapore ($60.9M), Netherlands ($49.5M), and Slovakia ($8.15M).
Between 2020 and 2021, the fastest growing importers of Ferro-niobium were Netherlands ($221M), China ($113M), South Korea ($88.7M), Japan ($82.1M), and Singapore ($65.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Ferro-niobium.
In 2021, market concentration measured using Shannon Entropy, was 1.5. This means that most of the exports of Ferro-niobium are explained by 2 countries.
This map shows which countries export or import more of Ferro-niobium. Each country is colored based on the difference in exports and imports of Ferro-niobium during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Ferro-niobium were Brazil ($2.28B), Canada ($298M), Singapore ($18.1M), Curaçao ($579k), and Hong Kong ($572k).
In 2021, the countries that had a largest trade value in imports than in exports of Ferro-niobium were China ($812M), Netherlands ($418M), South Korea ($202M), Japan ($202M), and United States ($199M).
This visualization shows the countries that have an important ratio of their trade related to Ferro-niobium. It is possible to select the main countries that export or import Ferro-niobium in the world, or by continent, as well as select the measure of interest.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 mule