HS Icon Ferro-niobium

720293 (Harmonized System 1992 for 6-digit)

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.

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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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Brazil, $2.28B

Top Destination (2021): China, $817M

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).

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Market Dynamics

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Trade by country

Color

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).

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Market Concentration

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Cumulative market share

Value

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.

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TOP NET EXPORTER (2021): Brazil, $2.28B

TOP NET IMPORTER (2021): China, $812M

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).

Country Comparison

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Flow
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.

Product Complexity

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Diversification Frontier

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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.