2023
Exports
$3BWorld Rnk 4 / 126
Flag Rnk 19 / 1212
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$1.02BWorld Rnk 10 / 171
Flag Rnk 99 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $3B in Ferroalloys, making it the 4th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 19th most exported product in India. The main destination of Ferroalloys exports from India are: China ($494M), South Korea ($256M), Italy ($243M), Japan ($184M), and Turkey ($167M).

The fastest growing export markets for Ferroalloys of India between 2022 and 2023 were China ($76.7M), Russia ($12.1M), and Netherlands ($11.3M).

Imports In 2023, India imported $1.02B in Ferroalloys, becoming the 10th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 99th most imported product in India. India imports Ferroalloys primarily from: Indonesia ($200M), Bhutan ($183M), China ($113M), South Korea ($94.4M), and Brazil ($66.3M).

The fastest growing import markets in Ferroalloys for India between 2022 and 2023 were New Caledonia ($49.1M), Russia ($28.9M), and United States ($17.1M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Ferroalloys. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3B
IMPORTS (2023)$1.02B
NET TRADE (2023)$1.98B

In 2023, India exported $3B in Ferroalloys. The main destinations of India exports on Ferroalloys were China ($494M), South Korea ($256M), Italy ($243M), Japan ($184M), and Turkey ($167M).

In 2023, India imported $1.02B in Ferroalloys, mainly from Indonesia ($200M), Bhutan ($183M), China ($113M), South Korea ($94.4M), and Brazil ($66.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR India WERE (2022 - 2023):
China$76.7M (18.4%)
Russia$12.1M (349%)
Netherlands$11.3M (23.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY India WERE (2022 - 2023):
Japan-$141M (-43.4%)
Indonesia-$106M (-40.1%)
Chinese Taipei-$86.6M (-43.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Ferroalloys were:
In 2023, India's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $572M
TOP IMPORT POTENTIALIndonesia+ $175M

Ferroalloys’s highest export potential is China. With an export gap of $572M.   Ferroalloys’s highest import potential is Indonesia with an import gap of $175M.

See methodology.

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