Ferroalloys7202 (Harmonized System 1992 for 4-digit)
2020 World Trade: $27.7B, Rnk 129 / 1217
2020 Top Exporter | Top Importer: $4.74B | $10.1B, China | Indonesia
2020 Product Complexity: -1.25, Rnk 893 / 1028
2019 - 2020 Export Growth (CAGR): -10.9%, Rnk 759 / 1217
2018 Mean Tariff: 3.57%, Rnk 1083 / 1259
2020 Share of World Trade: 0.17%, Rnk 129 / 1217
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.
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.
Trade By Country
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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%).
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.
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