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2023
Exports $1.65BWorld Rnk 7 / 126
Flag Rnk 311 / 1215
2023
Destination $8.39M South Korea
2022 - 2023
FASTEST GROWING MARKET $8.39MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Ferroalloys-1.33Rnk 905 / 1025
2023
Imports $21.1BWorld Rnk 1 / 171
Flag Rnk 16 / 1214
2023
Origin $1.58B Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $1.58BIndonesia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $1.65B in Ferroalloys, making it the 7th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 311th most exported product in China. The main destination of Ferroalloys exports from China are: South Korea ($266M), Japan ($253M), Indonesia ($194M), India ($113M), and Chinese Taipei ($78.6M).

The fastest growing export markets for Ferroalloys of China between 2022 and 2023 were United Kingdom ($8.39M), Belgium ($4.77M), and Austria ($4.6M).

Imports In 2023, China imported $21.1B in Ferroalloys, becoming the 1st largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 16th most imported product in China. China imports Ferroalloys primarily from: Indonesia ($14.4B), South Africa ($1.74B), Brazil ($1.34B), Kazakhstan ($793M), and New Caledonia ($647M).

The fastest growing import markets in Ferroalloys for China between 2022 and 2023 were Indonesia ($1.58B), South Africa ($450M), and South Korea ($91.3M).

COMPANIES In 2024, leading companies such as Costco Wholesale (9), Red Bull (4), and QVC Inc (4) were at the forefront of shipping Ferroalloys from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Ferroalloys exports accounted up to $139M and imports accounted up to $1.97B, resulting in a negative trade balance of $1.83B. Between December 2023 and December 2024 the exports of China's   Ferroalloys have increased by $4.74M (3.53%) from $135M to $139M, while imports increased by $153M (8.41%) from $1.82B to $1.97B.

Destinations In December 2024, Ferroalloys were exported mostly to Japan ($38.3M), Indonesia ($31.4M), South Korea ($13.8M), Russia ($7.15M), and Netherlands ($5.73M), and were imported mostly from Indonesia ($1.44B), South Africa ($136M), Brazil ($124M), Kazakhstan ($113M), and South Korea ($35.9M).

Growth In December 2024, the increase in Ferroalloys's year-by-year exports was explained primarily by an increase in exports to India ($3.36M or 72.8%), United Arab Emirates ($2.79M or 485%), and United States ($2.61M or 232%). In December 2024, the increase in Ferroalloys's year-by-year imports was explained primarily by an increase in imports from Indonesia ($189M or 17.3%), Kazakhstan ($76.2M or 102%), and South Africa ($64.5M or 51%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$4.74M(3.53%)
IMPORT GROWTH (December 2023 - December 2024)$153M(8.41%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Japan$38.3M

This section shows Ferroalloys's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Ferroalloys over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.65B
IMPORTS (2023)$21.1B
NET TRADE (2023)-$19.4B

In 2023, China exported $1.65B in Ferroalloys. The main destinations of China exports on Ferroalloys were South Korea ($266M), Japan ($253M), Indonesia ($194M), India ($113M), and Chinese Taipei ($78.6M).

In 2023, China imported $21.1B in Ferroalloys, mainly from Indonesia ($14.4B), South Africa ($1.74B), Brazil ($1.34B), Kazakhstan ($793M), and New Caledonia ($647M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR China WERE (2022 - 2023):
United Kingdom$8.39M (38.9%)
Belgium$4.77M (157%)
Austria$4.6M (46.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY China WERE (2022 - 2023):
Indonesia-$324M (-62.5%)
South Korea-$224M (-45.7%)
Japan-$166M (-39.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Ferroalloys were:
Indonesia $14.8B
South Africa $5.33B
Brazil $4.25B
In 2023, China's main importing competitors in Ferroalloys were:
United States $2.99B
Netherlands $2.49B

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $123M
TOP IMPORT POTENTIALKazakhstan+ $584M

Ferroalloys’s highest export potential is India. With an export gap of $123M.   Ferroalloys’s highest import potential is Kazakhstan with an import gap of $584M.

See methodology.

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