HS Icon Ferroalloys

7202 (Harmonized System 1992 for 4-digit)

World Trade (2018): $34.2B, Rnk 109 / 1225

Top Exporter (2018): $3.97B, South Africa

Top Importer (2018): $5.4B, China

Product Complexity (2018): -1.04, Rnk 832 / 1018

Export Growth (CAGR)(2017 - 2018): 16.5%, Rnk 458 / 1225

Mean Tariff (2018): 3.61%, Rnk 1066 / 1259

Share of World Trade (2018): 0.19%, Rnk 109 / 1225

Overview: In 2018, Ferroalloys were the world's 109th most traded product, with a total trade of $34.2B. Between 2017 and 2018 the exports of Ferroalloys grew by 16.5%, from  $29.4B to $34.2B. Trade in Ferroalloys represent 0.19% of total world trade.

Exports: In 2018 the top exporters of Ferroalloys  were South Africa ($3.97B), Brazil ($3.16B), Kazakhstan ($2.26B), India ($2.2B), and China ($2.07B).

Imports: In 2018 the top importers of Ferroalloys were China ($5.4B), United States ($3.23B), Netherlands ($3.01B), Japan ($2.99B), and Germany ($2.07B).

Tariffs: In 2018 the average tariff for Ferroalloys was 3.61%, been the 1066 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ferroalloys are Bahamas (40.2%), Bermuda (25%), Iran (19.5%), Panama (15%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Ferroalloys ranks 832nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Africa, $3.97B

Top Destination (2018): China, $5.4B

Ferroalloys are the world's 109th most traded product.

In 2018, the top exporters of Ferroalloys were South Africa ($3.97B), Brazil ($3.16B), Kazakhstan ($2.26B), India ($2.2B), and China ($2.07B).

In 2018, the top importers of Ferroalloys were China ($5.4B), United States ($3.23B), Netherlands ($3.01B), Japan ($2.99B), and Germany ($2.07B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $772M

Top Destination Growth (2017 - 2018): Netherlands, $1.2B

Between 2017 and 2018, the exports of Ferroalloys grew the fastest in China ($772M), Brazil ($463M), South Korea ($408M), New Caledonia ($380M), and Malaysia ($378M).

Between 2017 and 2018, the fastest growing importers of Ferroalloys were Netherlands ($1.2B), Indonesia ($550M), Japan ($456M), Chinese Taipei ($381M), and Germany ($335M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.98. This means that most of the exports of Ferroalloys are explained by 31 countries.

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TOP NET EXPORTER (2018): South Africa, $3.69B

TOP NET IMPORTER (2018): China, $3.33B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ferroalloys were South Africa ($3.69B), Brazil ($2.93B), Kazakhstan ($2.22B), Norway ($1.43B), and Russia ($1.16B).

In 2018, the countries that had a largest trade value in imports than in exports of Ferroalloys were China ($3.33B), United States ($2.98B), Japan ($2.61B), Germany ($1.62B), and Netherlands ($1.62B).

Trade Forecasts

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This section shows forecasts for total trade for Ferroalloys. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Ferroalloys was 3.61%.  The countries with the highest tariffs for importing Ferroalloys were Bahamas (40.2%), Bermuda (25%), Iran (19.5%), Panama (15%), and Aruba (12%).

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Product Complexity

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Diversification Frontier

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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.