HS Icon Ferroalloys

7202 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $30.9B, Rnk 119 / 1217

2019
Top Exporter | Top Importer
: $3.41B | $7.66B, Brazil | China

2019
Product Complexity
: -0.99, Rnk 775 / 961

2018 - 2019
Export Growth (CAGR)
: -10.5%, Rnk 982 / 1217

2018
Mean Tariff
: 3.61%, Rnk 1066 / 1259

 2019
Share of World Trade
: 0.17%, Rnk 119 / 1217

Overview:  This page contains the latest trade data of Ferroalloys. In 2019, Ferroalloys were the world's 119th most traded product, with a total trade of $30.9B. Between 2018 and 2019 the exports of Ferroalloys decreased by -10.5%, from  $34.5B to $30.9B. Trade in Ferroalloys represent 0.17% of total world trade.

Exports: In 2019 the top exporters of Ferroalloys  were Brazil ($3.41B), South Africa ($3.38B), Indonesia ($2.6B), Kazakhstan ($1.92B), and India ($1.81B).

Imports: In 2019 the top importers of Ferroalloys were China ($7.66B), Japan ($2.44B), United States ($2.44B), Netherlands ($2.38B), and South Korea ($1.54B).

Tariffs: In 2018 the average tariff for Ferroalloys was 3.61%, making it the 1066th 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 775th 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.

Exporters and Importers

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Trade By Country

Top Origin (2019): Brazil, $3.41B

Top Destination (2019): China, $7.66B

Ferroalloys are the world's 119th most traded product.

In 2019, the top exporters of Ferroalloys were Brazil ($3.41B), South Africa ($3.38B), Indonesia ($2.6B), Kazakhstan ($1.92B), and India ($1.81B).

In 2019, the top importers of Ferroalloys were China ($7.66B), Japan ($2.44B), United States ($2.44B), Netherlands ($2.38B), and South Korea ($1.54B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Indonesia, $1.22B

Top Destination Growth (2018 - 2019): China, $2.22B

Between 2018 and 2019, the exports of Ferroalloys grew the fastest in Indonesia ($1.22B), Brazil ($254M), Guatemala ($89.7M), North Macedonia ($88.1M), and Dominican Republic ($73.8M).

Between 2018 and 2019, the fastest growing importers of Ferroalloys were China ($2.22B), Hong Kong ($47.7M), Malaysia ($18.1M), Saudi Arabia ($6.56M), and Luxembourg ($6.45M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Ferroalloys are explained by 30 countries.

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TOP NET EXPORTER (2019): Brazil, $3.24B

TOP NET IMPORTER (2019): China, $6.39B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Ferroalloys were Brazil ($3.24B), South Africa ($3.2B), Kazakhstan ($1.9B), Indonesia ($1.82B), and Norway ($1.2B).

In 2019, the countries that had a largest trade value in imports than in exports of Ferroalloys were China ($6.39B), United States ($2.25B), Japan ($2.01B), Netherlands ($1.19B), and Germany ($1.18B).

Disaggregation

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Value

In 2019, the world most traded Ferroalloys, disaggragated by their HS6 level were Ferro-nickel ($6.6B), Ferro-chromium, >4% carbon ($6.46B), Ferro-silico-manganese ($3.26B), Ferro-niobium ($3.16B), and Ferro-silicon, >55% silicon ($2.95B)

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.