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720299 (Harmonized System 1992 for 6-digit)

2023
World Trade $875MRnk 2264 / 4644
2023
Top Exporter | Top Importer $288M | $201MChina | China
2023
Product Complexity -0.55Rnk 3295 / 4656
2022 - 2023
Export Growth (CAGR) -23.4%Rnk 3913 / 4644
2023
Share of World Trade 0.0039%Rnk 2264 / 4644

About

Overview This page contains the latest trade data of Ferro-alloys, nes. In 2023, Ferro-alloys, nes were the world's 2264th most traded product, with a total trade of $875M. Between 2022 and 2023 the exports of Ferro-alloys, nes decreased by -23.4%, from $1.14B to $875M. Trade in Ferro-alloys, nes represent 0.0039% of total world trade.

Ferro-alloys, nes are a part of Ferroalloys.

Exports In 2023 the top exporters of Ferro-alloys, nes  were China ($288M), Brazil ($181M), Indonesia ($64.8M), Slovenia ($36.5M), and United States ($35.5M).

Imports In 2023 the top importers of Ferro-alloys, nes were China ($201M), India ($79.1M), Japan ($75.1M), United States ($51.8M), and Vietnam ($44.9M).

Ranking Ferro-alloys, nes ranks 3295th in the Product Complexity Index (PCI).

Description Ferro-alloys are used to create steel. They are also used for decorative and protective coatings.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Ferro-alloys, nes. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$288M
Top Destination (2023)China$201M

In 2023 Ferro-alloys, nes were the world's 2264th most traded product (out of 4,644).

In 2023, the top exporters of Ferro-alloys, nes were China ($288M), Brazil ($181M), Indonesia ($64.8M), Slovenia ($36.5M), and United States ($35.5M).

In 2023, the top importers of Ferro-alloys, nes were China ($201M), India ($79.1M), Japan ($75.1M), United States ($51.8M), and Vietnam ($44.9M).

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Exporters of Ferro-alloys, nes (2023)
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Importers of Ferro-alloys, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Indonesia$64.5M
Top Destination Growth (2022 -  2023)China$29.7M

Between 2022 and 2023, the exports of Ferro-alloys, nes grew the fastest in Indonesia ($64.5M), South Africa ($7.41M), Thailand ($4.5M), Australia ($3.86M), and United States ($2.77M).

Between 2022 and 2023, the fastest growing importers of Ferro-alloys, nes were China ($29.7M), India ($16.4M), United Arab Emirates ($2.88M), Estonia ($2.68M), and Gambia ($1.64M).

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Exporters of Ferro-alloys, nes (2022 - 2023)

Importers of Ferro-alloys, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-alloys, nes.

In 2023, market concentration measured using Shannon Entropy, was 3.6. This means that most of the exports of Ferro-alloys, nes are explained by 12 countries.

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Value of Exports in Ferro-alloys, nes

Net Trade

TOP NET EXPORTER (2023)Brazil$170M
TOP NET IMPORTER (2023)India$61.8M

This map shows which countries export or import more of Ferro-alloys, nes. Each country is colored based on the difference in exports and imports of Ferro-alloys, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ferro-alloys, nes were Brazil ($170M), China ($87.4M), Indonesia ($58.4M), Slovenia ($17.2M), and Norway ($14M).

In 2023, the countries that had a largest trade value in imports than in exports of Ferro-alloys, nes were India ($61.8M), Japan ($60M), Vietnam ($43.4M), Turkey ($32.8M), and Mexico ($21.7M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Ferro-alloys, nes.
It is possible to select the main countries that export or import Ferro-alloys, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferro-alloys, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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