HS Icon Ferro-niobium

720293 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Ferro-niobium. In 2020, Ferro-niobium were the world's 1125th most traded product, with a total trade of $2.33B. Between 2019 and 2020 the exports of Ferro-niobium decreased by -26.6%, from $3.18B to $2.33B. Trade in Ferro-niobium represent 0.014% of total world trade.

Ferro-niobium are a part of Ferroalloys.

Exports In 2020 the top exporters of Ferro-niobium  were Brazil ($1.68B), Canada ($252M), Netherlands ($163M), Singapore ($142M), and Sweden ($27.8M).

Imports In 2020 the top importers of Ferro-niobium were China ($704M), Netherlands ($409M), United States ($189M), Japan ($120M), and Singapore ($119M).

Tariffs In 2018 the average tariff for Ferro-niobium was 2.3%, making it the 6165th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ferro-niobium are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Ferro-niobium ranks 631st 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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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.

* 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 (2020): Brazil, $1.68B

Top Destination (2020): China, $704M

Ferro-niobium are the world's 1125th most traded product.

In 2020, the top exporters of Ferro-niobium were Brazil ($1.68B), Canada ($252M), Netherlands ($163M), Singapore ($142M), and Sweden ($27.8M).

In 2020, the top importers of Ferro-niobium were China ($704M), Netherlands ($409M), United States ($189M), Japan ($120M), and Singapore ($119M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Singapore, $27.5M

Top Destination Growth (2019 - 2020): Germany, $72.6M

Between 2019 and 2020, the exports of Ferro-niobium grew the fastest in Singapore ($27.5M), Malaysia ($12.8M), United States ($3.42M), Belgium ($2.07M), and Hong Kong ($1.52M).

Between 2019 and 2020, the fastest growing importers of Ferro-niobium were Germany ($72.6M), Malaysia ($19.5M), Ukraine ($13.1M), Switzerland ($12.1M), and United Arab Emirates ($9.48M).

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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 2020,  market concentration measured using Shannon Entropy, was 1.54. This means that most of the exports of Ferro-niobium are explained by 2 countries.

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TOP NET EXPORTER (2020): Brazil, $1.68B

TOP NET IMPORTER (2020): China, $703M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Ferro-niobium were Brazil ($1.68B), Canada ($229M), Singapore ($23.2M), Hong Kong ($815k), and Senegal ($500k).

In 2020, the countries that had a largest trade value in imports than in exports of Ferro-niobium were China ($703M), Netherlands ($246M), United States ($172M), Japan ($119M), and South Korea ($116M).

Disaggregation

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Value

In 2019, the world most traded Ferro-niobium, disaggragated by their HS6 level were Ferro-niobium ($2.33B)

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.

Import Tariffs

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In 2018, the average tariff for importing Ferro-niobium was 2.3%. The countries with the highest tariffs for importing Ferro-niobium were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%).

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.