Ferroalloys7202 (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: This page contains the latest trade data of Ferroalloys. 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).
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).
Trade by country
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).
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.
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).
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.
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