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720293 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.29BRnk 1046 / 4644
2023
Top Exporter | Top Importer $2.5B | $1.01BBrazil | China
2023
Product Complexity 0.34Rnk 1964 / 4656
2022 - 2023
Export Growth (CAGR) 4.49%Rnk 1079 / 4644
2023
Share of World Trade 0.015%Rnk 1046 / 4644

About

Overview This page contains the latest trade data of Ferro-niobium. In 2023, Ferro-niobium were the world's 1046th most traded product, with a total trade of $3.29B. Between 2022 and 2023 the exports of Ferro-niobium grew by 4.49%, from $3.15B to $3.29B. Trade in Ferro-niobium represent 0.015% of total world trade.

Ferro-niobium are a part of Ferroalloys.

Exports In 2023 the top exporters of Ferro-niobium  were Brazil ($2.5B), Canada ($277M), Netherlands ($235M), Singapore ($142M), and United States ($20.3M).

Imports In 2023 the top importers of Ferro-niobium were China ($1.01B), Netherlands ($512M), United States ($273M), Japan ($184M), and South Korea ($179M).

Ranking Ferro-niobium ranks 1964th 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.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

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.

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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)Brazil$2.5B
Top Destination (2023)China$1.01B

In 2023 Ferro-niobium were the world's 1046th most traded product (out of 4,644).

In 2023, the top exporters of Ferro-niobium were Brazil ($2.5B), Canada ($277M), Netherlands ($235M), Singapore ($142M), and United States ($20.3M).

In 2023, the top importers of Ferro-niobium were China ($1.01B), Netherlands ($512M), United States ($273M), Japan ($184M), and South Korea ($179M).

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

Color
Top Origin Growth (2022 -  2023)Brazil$230M
Top Destination Growth (2022 -  2023)China$159M

Between 2022 and 2023, the exports of Ferro-niobium grew the fastest in Brazil ($230M), Turkey ($15M), Malaysia ($12.2M), Poland ($5.38M), and Belgium ($5.07M).

Between 2022 and 2023, the fastest growing importers of Ferro-niobium were China ($159M), Belgium ($19M), Japan ($15.2M), Turkey ($14.6M), and Malaysia ($13.1M).

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Exporters of Ferro-niobium (2022 - 2023)

Importers of Ferro-niobium (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 1.42. This means that most of the exports of Ferro-niobium are explained by 2 countries.

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Value of Exports in Ferro-niobium

Net Trade

TOP NET EXPORTER (2023)Brazil$2.49B
TOP NET IMPORTER (2023)China$987M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ferro-niobium were Brazil ($2.49B), Canada ($253M), Armenia ($46.9k), Saint Barthélemy ($16.9k), and Denmark ($9.95k).

In 2023, the countries that had a largest trade value in imports than in exports of Ferro-niobium were China ($987M), Netherlands ($277M), United States ($253M), Japan ($183M), and South Korea ($179M).

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-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.

Top 10 Exporters Countries of Ferro-niobium 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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