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720293 (Harmonized System 1992 for 6-digit)

2022
World Trade $3.01BRnk 1153 / 4648
2022
Top Exporter | Top Importer $2.16B | $844MBrazil | China
2022
Product Complexity 0.38Rnk 1858 / 4653
2021 - 2022
Export Growth (CAGR) -4.89%Rnk 3561 / 4648
2022
Share of World Trade 0.013%Rnk 1153 / 4648

About

Overview This page contains the latest trade data of Ferro-niobium. In 2022, Ferro-niobium were the world's 1153rd most traded product, with a total trade of $3.01B. Between 2021 and 2022 the exports of Ferro-niobium decreased by -4.89%, from $3.16B to $3.01B. Trade in Ferro-niobium represent 0.013% of total world trade.

Ferro-niobium are a part of Ferroalloys.

Exports In 2022 the top exporters of Ferro-niobium  were Brazil ($2.16B), Canada ($335M), Singapore ($222M), Netherlands ($149M), and China ($40.8M).

Imports In 2022 the top importers of Ferro-niobium were China ($844M), Netherlands ($582M), United States ($273M), Singapore ($198M), and South Korea ($175M).

Ranking Ferro-niobium ranks 1858th 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 (2022)Brazil$2.16B
Top Destination (2022)China$844M

In 2022 Ferro-niobium were the world's 1153rd most traded product (out of 4,648).

In 2022, the top exporters of Ferro-niobium were Brazil ($2.16B), Canada ($335M), Singapore ($222M), Netherlands ($149M), and China ($40.8M).

In 2022, the top importers of Ferro-niobium were China ($844M), Netherlands ($582M), United States ($273M), Singapore ($198M), and South Korea ($175M).

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Exporters of Ferro-niobium (2022)
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Importers of Ferro-niobium (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$35.8M
Top Destination Growth (2021 -  2022)United States$54.6M

Between 2021 and 2022, the exports of Ferro-niobium grew the fastest in China ($35.8M), Singapore ($20.4M), Germany ($19.1M), Turkey ($4.98M), and Georgia ($3.59M).

Between 2021 and 2022, the fastest growing importers of Ferro-niobium were United States ($54.6M), India ($36.7M), Hong Kong ($30.8M), China ($26.8M), and Uzbekistan ($14.1M).

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Exporters of Ferro-niobium (2021 - 2022)

Importers of Ferro-niobium (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 1.56. 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 (2022)Brazil$2.16B
TOP NET IMPORTER (2022)China$803M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ferro-niobium were Brazil ($2.16B), Canada ($302M), Singapore ($24M), United Arab Emirates ($696k), and Georgia ($606k).

In 2022, the countries that had a largest trade value in imports than in exports of Ferro-niobium were China ($803M), Netherlands ($434M), United States ($254M), South Korea ($173M), and Japan ($155M).

Net Trade (2022)

Country Comparison

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.

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 (2022)

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