NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

Ferro-alloys

7202 (Harmonized System 1992 for 4-digit)

2023
World Trade $48.9BRnk 85 / 1217
2023
Top Exporter | Top Importer $14.8B | $21.1BIndonesia | China
2023
Product Complexity -1.47Rnk 952 / 1044
2022 - 2023
Export Growth (CAGR) -16.7%Rnk 958 / 1217
2023
Share of World Trade 0.22%Rnk 85 / 1217

About

Overview This page contains the latest trade data of Ferroalloys. In 2023, Ferroalloys were the world's 85th most traded product, with a total trade of $48.9B. Between 2022 and 2023 the exports of Ferroalloys decreased by -16.7%, from $58.7B to $48.9B. Trade in Ferroalloys represent 0.22% of total world trade.

Ferroalloys are a part of Iron & steel. They include Ferro-chromium, >4% carbon, Ferro-nickel, Ferro-silicon, >55% silicon, Ferro-silico-manganese, Ferro-molybdenum, Ferro-niobium, Ferro-manganese, >2% carbon, Ferro-manganese, <2% carbon, Ferro-chromium, <4% carbon, and Ferro-vanadium, among others.

Exports In 2023 the top exporters of Ferroalloys  were Indonesia ($14.8B), South Africa ($5.33B), Brazil ($4.25B), India ($3B), and Kazakhstan ($2.48B).

Imports In 2023 the top importers of Ferroalloys were China ($21.1B), United States ($2.99B), Netherlands ($2.49B), Japan ($2.47B), and Germany ($1.81B).

Ranking Ferroalloys ranks 952nd in the Product Complexity Index (PCI).

Description Ferro-alloys are used in the production of other goods. They can be made from a variety of materials, including iron, nickel, and cobalt.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Ferroalloys. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)Indonesia$14.8B
Top Destination (2023)China$21.1B

In 2023 Ferroalloys were the world's 85th most traded product (out of 1,217).

In 2023, the top exporters of Ferroalloys were Indonesia ($14.8B), South Africa ($5.33B), Brazil ($4.25B), India ($3B), and Kazakhstan ($2.48B).

In 2023, the top importers of Ferroalloys were China ($21.1B), United States ($2.99B), Netherlands ($2.49B), Japan ($2.47B), and Germany ($1.81B).

Explore Visualizations

Exporters of Ferroalloys (2023)
[Click to Select a Country]

Importers of Ferroalloys (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Indonesia$1.31B
Top Destination Growth (2022 -  2023)China$1.33B

Between 2022 and 2023, the exports of Ferroalloys grew the fastest in Indonesia ($1.31B), United Kingdom ($137M), Thailand ($127M), Armenia ($84.6M), and Chile ($27.8M).

Between 2022 and 2023, the fastest growing importers of Ferroalloys were China ($1.33B), Gambia ($123M), Hong Kong ($55.3M), Albania ($33.2M), and Mozambique ($22.5M).

Explore Visualizations

Exporters of Ferroalloys (2022 - 2023)

Importers of Ferroalloys (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferroalloys.

In 2023, market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Ferroalloys are explained by 17 countries.

Explore Visualizations

Value of Exports in Ferroalloys

Net Trade

TOP NET EXPORTER (2023)Indonesia$13.1B
TOP NET IMPORTER (2023)China$19.4B

This map shows which countries export or import more of Ferroalloys. Each country is colored based on the difference in exports and imports of Ferroalloys during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ferroalloys were Indonesia ($13.1B), South Africa ($5.21B), Brazil ($4.04B), Kazakhstan ($2.46B), and India ($1.98B).

In 2023, the countries that had a largest trade value in imports than in exports of Ferroalloys were China ($19.4B), United States ($2.86B), Japan ($2.3B), Italy ($1.45B), and Germany ($1.38B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Ferroalloys, disaggragated by their HS6 level were Ferro-nickel ($18.8B), Ferro-chromium, >4% carbon ($9.75B), Ferro-molybdenum ($3.81B), Ferro-silicon, >55% silicon ($3.77B), and Ferro-silico-manganese ($3.48B)

HS6 Disaggregation for Ferroalloys (2023)
[Click to Select]

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Ferroalloys by percentage of total exports

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $175M
TOP IMPORT POTENTIALIndia+ $63.9M

Ferroalloys’s highest export potential is India. With an export gap of $175M.  Ferroalloys’s highest import potential is India with an import gap of $63.9M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Ferroalloys.

Country by Relatedness

The following visualization shows the relatedness of Ferroalloys to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms