Ferroalloys
7202 (Harmonized System 1992 for 4-digit)
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.
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
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).
Market Dynamics
#permalink to sectionTrade by country
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).
Market Concentration
#permalink to sectionCumulative 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.
Net Trade
#permalink to sectionThis 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
#permalink to sectionIn 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)
Tariffs
#permalink to sectionProduct Complexity
#permalink to sectionDiversification Frontier
#permalink to sectionThe 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.
