HS Icon Ferroalloys

7202 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Ferroalloys. In 2020, Ferroalloys were the world's 129th most traded product, with a total trade of $27.7B. Between 2019 and 2020 the exports of Ferroalloys decreased by -10.9%, from $31.1B to $27.7B. Trade in Ferroalloys represent 0.17% of total world trade.

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

Exports In 2020 the top exporters of Ferroalloys  were Indonesia ($4.74B), Brazil ($2.84B), South Africa ($2.81B), Kazakhstan ($1.68B), and India ($1.52B).

Imports In 2020 the top importers of Ferroalloys were China ($10.1B), Netherlands ($2.05B), Japan ($1.55B), United States ($1.54B), and Germany ($1.18B).

Tariffs In 2018 the average tariff for Ferroalloys was 3.57%, making it the 1083rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ferroalloys 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 Ferroalloys ranks 893rd 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.

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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.

* 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): Indonesia, $4.74B

Top Destination (2020): China, $10.1B

Ferroalloys are the world's 129th most traded product.

In 2020, the top exporters of Ferroalloys were Indonesia ($4.74B), Brazil ($2.84B), South Africa ($2.81B), Kazakhstan ($1.68B), and India ($1.52B).

In 2020, the top importers of Ferroalloys were China ($10.1B), Netherlands ($2.05B), Japan ($1.55B), United States ($1.54B), and Germany ($1.18B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Indonesia, $2.13B

Top Destination Growth (2019 - 2020): China, $2.39B

Between 2019 and 2020, the exports of Ferroalloys grew the fastest in Indonesia ($2.13B), Myanmar ($106M), Guatemala ($74.9M), Greece ($35.9M), and Serbia ($34.1M).

Between 2019 and 2020, the fastest growing importers of Ferroalloys were China ($2.39B), Malaysia ($77.5M), Cyprus ($31.7M), Egypt ($11M), and Georgia ($3.97M).

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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 Ferroalloys.

In 2020,  market concentration measured using Shannon Entropy, was 4.72. This means that most of the exports of Ferroalloys are explained by 26 countries.

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TOP NET EXPORTER (2020): Indonesia, $4.06B

TOP NET IMPORTER (2020): China, $9.16B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Ferroalloys were Indonesia ($4.06B), Brazil ($2.74B), South Africa ($2.7B), Kazakhstan ($1.67B), and Norway ($1.01B).

In 2020, the countries that had a largest trade value in imports than in exports of Ferroalloys were China ($9.16B), United States ($1.39B), Japan ($1.21B), Netherlands ($1.09B), and Germany ($933M).

Disaggregation

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Value

In 2019, the world most traded Ferroalloys, disaggragated by their HS6 level were Ferro-nickel ($8.86B), Ferro-chromium, >4% carbon ($5.55B), Ferro-silico-manganese ($2.77B), Ferro-silicon, >55% silicon ($2.57B), and Ferro-niobium ($2.33B)

Country Comparison

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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.

Import Tariffs

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In 2018, the average tariff for importing Ferroalloys was 3.57%. The countries with the highest tariffs for importing Ferroalloys 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.

Country by Relatedness

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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.