HS Icon Ferro-niobium

720293 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.91B, Rnk 1032 / 4726

Top Exporter (2018): $2.15B, Brazil

Top Importer (2018): $841M, China

Product Complexity (2018): 0.76, Rnk 706 / 2722

Export Growth (CAGR)(2017 - 2018): 14.8%, Rnk 1925 / 4726

Mean Tariff (2018): 2.25%, Rnk 6101 / 6538

Share of World Trade (2018): 0.016%, Rnk 1032 / 4726

Overview:  This page contains the latest trade data of Ferro-niobium. In 2018, Ferro-niobium were the world's 1032nd most traded product, with a total trade of $2.91B. Between 2017 and 2018 the exports of Ferro-niobium grew by 14.8%, from  $2.54B to $2.91B. Trade in Ferro-niobium represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Ferro-niobium  were Brazil ($2.15B), Canada ($279M), Netherlands ($192M), Singapore ($177M), and Sweden ($25.7M).

Imports: In 2018 the top importers of Ferro-niobium were China ($841M), Netherlands ($521M), United States ($310M), Japan ($210M), and Singapore ($196M).

Tariffs: In 2018 the average tariff for Ferro-niobium was 2.25%, been the 6101 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 706th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Brazil, $2.15B

Top Destination (2018): China, $841M

Ferro-niobium are the world's 1032nd most traded product.

In 2018, the top exporters of Ferro-niobium were Brazil ($2.15B), Canada ($279M), Netherlands ($192M), Singapore ($177M), and Sweden ($25.7M).

In 2018, the top importers of Ferro-niobium were China ($841M), Netherlands ($521M), United States ($310M), Japan ($210M), and Singapore ($196M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Brazil, $367M

Top Destination Growth (2017 - 2018): China, $340M

Between 2017 and 2018, the exports of Ferro-niobium grew the fastest in Brazil ($367M), Canada ($47.5M), Sweden ($20.9M), Russia ($4.49M), and Slovakia ($2.13M).

Between 2017 and 2018, the fastest growing importers of Ferro-niobium were China ($340M), Netherlands ($144M), United States ($48.7M), Finland ($27M), and India ($24.8M).

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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 Ferro-niobium.

In 2018,  market concentration measured using Shannon Entropy, was 1.48. This means that most of the exports of Ferro-niobium are explained by 2 countries.

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TOP NET EXPORTER (2018): Brazil, $2.15B

TOP NET IMPORTER (2018): China, $837M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ferro-niobium were Brazil ($2.15B), Canada ($237M), Albania ($117k), United Arab Emirates ($43.1k), and Morocco ($2.27k).

In 2018, the countries that had a largest trade value in imports than in exports of Ferro-niobium were China ($837M), Netherlands ($329M), United States ($291M), Japan ($209M), and South Korea ($126M).

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%).

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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.