HS Icon Ferro-niobium

720293 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Ferro-niobium. In 2019, Ferro-niobium were the world's 942nd most traded product, with a total trade of $3.16B. Between 2018 and 2019 the exports of Ferro-niobium grew by 8.31%, from $2.91B to $3.16B. Trade in Ferro-niobium represent 0.017% of total world trade.

Exports In 2019 the top exporters of Ferro-niobium  were Brazil ($2.45B), Canada ($259M), Netherlands ($234M), Singapore ($115M), and Sweden ($24.8M).

Imports In 2019 the top importers of Ferro-niobium were China ($930M), Netherlands ($586M), United States ($324M), Singapore ($191M), and Japan ($188M).

Tariffs In 2018 the average tariff for Ferro-niobium was 2.25%, making it the 6101st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ferro-niobium are Bahamas (40.2%), Bermuda (25%), Panama (15%), Aruba (12%), and Poland (10.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Ferro-niobium ranks 811th in the Product Complexity Index (PCI).

Description Ferro-niobium is used to create strong magnets, to create alloys, to create corrosion resistant coatings, and to create electric currents.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Brazil, $2.45B

Top Destination (2019): China, $930M

Ferro-niobium are the world's 942nd most traded product.

In 2019, the top exporters of Ferro-niobium were Brazil ($2.45B), Canada ($259M), Netherlands ($234M), Singapore ($115M), and Sweden ($24.8M).

In 2019, the top importers of Ferro-niobium were China ($930M), Netherlands ($586M), United States ($324M), Singapore ($191M), and Japan ($188M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Brazil, $300M

Top Destination Growth (2018 - 2019): China, $88.6M

Between 2018 and 2019, the exports of Ferro-niobium grew the fastest in Brazil ($300M), Netherlands ($39M), United Arab Emirates ($4.41M), Luxembourg ($1.8M), and Finland ($1.68M).

Between 2018 and 2019, the fastest growing importers of Ferro-niobium were China ($88.6M), Netherlands ($65.9M), Mexico ($26.8M), Russia ($24.7M), and Belgium ($23.8M).

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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 Ferro-niobium.

In 2019,  market concentration measured using Shannon Entropy, was 1.31. This means that most of the exports of Ferro-niobium are explained by 2 countries.

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TOP NET EXPORTER (2019): Brazil, $2.45B

TOP NET IMPORTER (2019): China, $927M

This map shows which countries export or import more of Ferro-niobium. Each country is colored based on the difference in exports and imports of Ferro-niobium during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Ferro-niobium were Brazil ($2.45B), Canada ($220M), Switzerland ($699k), Hong Kong ($299k), and Kyrgyzstan ($37.8k).

In 2019, the countries that had a largest trade value in imports than in exports of Ferro-niobium were China ($927M), Netherlands ($353M), United States ($311M), Japan ($188M), and South Korea ($136M).

Import Tariffs

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In 2018, the average tariff for importing Ferro-niobium was 2.25%. The countries with the highest tariffs for importing Ferro-niobium were Bahamas (40.2%), Bermuda (25%), Panama (15%), Aruba (12%), and Poland (10.6%).

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.