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720221 (Harmonized System 1992 for 6-digit)

2022
World Trade $6.15BRnk 630 / 4648
2022
Top Exporter | Top Importer $1.34B | $926MChina | Japan
2022
Product Complexity -0.68Rnk 3453 / 4653
2021 - 2022
Export Growth (CAGR) 37.6%Rnk 279 / 4648
2022
Share of World Trade 0.026%Rnk 630 / 4648

About

Overview This page contains the latest trade data of Ferro-silicon, >55% silicon. In 2022, Ferro-silicon, >55% silicon were the world's 630th most traded product, with a total trade of $6.15B. Between 2021 and 2022 the exports of Ferro-silicon, >55% silicon grew by 37.6%, from $4.47B to $6.15B. Trade in Ferro-silicon, >55% silicon represent 0.026% of total world trade.

Ferro-silicon, >55% silicon are a part of Ferroalloys.

Exports In 2022 the top exporters of Ferro-silicon, >55% silicon  were China ($1.34B), Russia ($830M), Norway ($555M), Malaysia ($425M), and Brazil ($419M).

Imports In 2022 the top importers of Ferro-silicon, >55% silicon were Japan ($926M), United States ($829M), Germany ($456M), South Korea ($410M), and Netherlands ($398M).

Ranking Ferro-silicon, >55% silicon ranks 3453rd in the Product Complexity Index (PCI).

Description Ferro-silicon is an alloy of silicon and iron. It is used in the steel-making process. When steel is made, the ferro-silicon is melted with the iron. The silicon reduces the amount of oxygen in the iron, which reduces the amount of carbon that is added to the steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Ferro-silicon, >55% silicon. 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)China$1.34B
Top Destination (2022)Japan$926M

In 2022 Ferro-silicon, >55% silicon were the world's 630th most traded product (out of 4,648).

In 2022, the top exporters of Ferro-silicon, >55% silicon were China ($1.34B), Russia ($830M), Norway ($555M), Malaysia ($425M), and Brazil ($419M).

In 2022, the top importers of Ferro-silicon, >55% silicon were Japan ($926M), United States ($829M), Germany ($456M), South Korea ($410M), and Netherlands ($398M).

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Exporters of Ferro-silicon, >55% silicon (2022)
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Importers of Ferro-silicon, >55% silicon (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$442M
Top Destination Growth (2021 -  2022)United States$648M

Between 2021 and 2022, the exports of Ferro-silicon, >55% silicon grew the fastest in China ($442M), Norway ($213M), Brazil ($178M), Malaysia ($163M), and Russia ($156M).

Between 2021 and 2022, the fastest growing importers of Ferro-silicon, >55% silicon were United States ($648M), Japan ($187M), Italy ($100M), Germany ($88.4M), and India ($79.6M).

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Exporters of Ferro-silicon, >55% silicon (2021 - 2022)

Importers of Ferro-silicon, >55% silicon (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-silicon, >55% silicon.

In 2022, market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Ferro-silicon, >55% silicon are explained by 17 countries.

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Value of Exports in Ferro-silicon, >55% silicon

Net Trade

TOP NET EXPORTER (2022)China$1.3B
TOP NET IMPORTER (2022)Japan$920M

This map shows which countries export or import more of Ferro-silicon, >55% silicon. Each country is colored based on the difference in exports and imports of Ferro-silicon, >55% silicon during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ferro-silicon, >55% silicon were China ($1.3B), Russia ($759M), Norway ($552M), Malaysia ($401M), and Brazil ($391M).

In 2022, the countries that had a largest trade value in imports than in exports of Ferro-silicon, >55% silicon were Japan ($920M), United States ($806M), South Korea ($407M), India ($292M), and Germany ($292M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Ferro-silicon, >55% silicon.
It is possible to select the main countries that export or import Ferro-silicon, >55% silicon in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferro-silicon, >55% silicon 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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