HS Icon Ferro-vanadium

720292 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.26B, Rnk 1217 / 4726

Top Exporter (2018): $463M, Austria

Top Importer (2018): $307M, Netherlands

Product Complexity (2018): 0.53, Rnk 969 / 2722

Export Growth (CAGR)(2017 - 2018): 166%, Rnk 39 / 4726

Mean Tariff (2018): 2.53%, Rnk 5964 / 6538

Share of World Trade (2018): 0.012%, Rnk 1217 / 4726

Overview:  This page contains the latest trade data of Ferro-vanadium. In 2018, Ferro-vanadium were the world's 1217th most traded product, with a total trade of $2.26B. Between 2017 and 2018 the exports of Ferro-vanadium grew by 166%, from  $850M to $2.26B. Trade in Ferro-vanadium represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Ferro-vanadium  were Austria ($463M), China ($430M), Czechia ($315M), South Africa ($212M), and South Korea ($180M).

Imports: In 2018 the top importers of Ferro-vanadium were Netherlands ($307M), Germany ($270M), United States ($261M), Japan ($227M), and South Korea ($108M).

Tariffs: In 2018 the average tariff for Ferro-vanadium was 2.53%, making it the 5964th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ferro-vanadium 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-vanadium ranks 969th in the Product Complexity Index (PCI).

Description: It is used in steel production, as a catalyst in the manufacturing of titanium dioxide in the production of iron, and is also used in the production of ammonium chloride.

Exporters and Importers

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Trade By Country

Top Origin (2018): Austria, $463M

Top Destination (2018): Netherlands, $307M

Ferro-vanadium are the world's 1217th most traded product.

In 2018, the top exporters of Ferro-vanadium were Austria ($463M), China ($430M), Czechia ($315M), South Africa ($212M), and South Korea ($180M).

In 2018, the top importers of Ferro-vanadium were Netherlands ($307M), Germany ($270M), United States ($261M), Japan ($227M), and South Korea ($108M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $302M

Top Destination Growth (2017 - 2018): Netherlands, $229M

Between 2017 and 2018, the exports of Ferro-vanadium grew the fastest in China ($302M), Austria ($278M), Czechia ($183M), South Africa ($145M), and South Korea ($97.7M).

Between 2017 and 2018, the fastest growing importers of Ferro-vanadium were Netherlands ($229M), Japan ($158M), United States ($157M), Germany ($146M), and South Korea ($67.1M).

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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-vanadium.

In 2018,  market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Ferro-vanadium are explained by 12 countries.

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TOP NET EXPORTER (2018): China, $430M

TOP NET IMPORTER (2018): United States, $220M

This map shows which countries export or import more of Ferro-vanadium. Each country is colored based on the difference in exports and imports of Ferro-vanadium during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ferro-vanadium were China ($430M), Austria ($407M), Czechia ($275M), South Africa ($209M), and South Korea ($71.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Ferro-vanadium were United States ($220M), Germany ($212M), Japan ($208M), Netherlands ($156M), and Italy ($75.3M).

Import Tariffs

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In 2018, the average tariff for importing Ferro-vanadium was 2.53%.  The countries with the highest tariffs for importing Ferro-vanadium 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.