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720219 (Harmonized System 1992 for 6-digit)

2023
World Trade $909MRnk 2220 / 4644
2023
Top Exporter | Top Importer $359M | $207MNorway | United States
2023
Product Complexity -0.5Rnk 3221 / 4656
2022 - 2023
Export Growth (CAGR) -51.5%Rnk 4527 / 4644
2023
Share of World Trade 0.004%Rnk 2220 / 4644

About

Overview This page contains the latest trade data of Ferro-manganese, <2% carbon. In 2023, Ferro-manganese, <2% carbon were the world's 2220th most traded product, with a total trade of $909M. Between 2022 and 2023 the exports of Ferro-manganese, <2% carbon decreased by -51.5%, from $1.87B to $909M. Trade in Ferro-manganese, <2% carbon represent 0.004% of total world trade.

Ferro-manganese, <2% carbon are a part of Ferroalloys.

Exports In 2023 the top exporters of Ferro-manganese, <2% carbon  were Norway ($359M), South Korea ($127M), India ($106M), South Africa ($98.3M), and Netherlands ($67.3M).

Imports In 2023 the top importers of Ferro-manganese, <2% carbon were United States ($207M), Netherlands ($70.8M), Germany ($67.6M), Turkey ($61.7M), and Italy ($51.1M).

Ranking Ferro-manganese, <2% carbon ranks 3221st in the Product Complexity Index (PCI).

Description Ferro-manganese is a ferroalloy that is composed of iron and manganese. Ferro-manganese is an efficient steel-making alloy that is used to deoxidize steel. It is also used for the production of various grades of steels and cast irons, and in the production of other alloys that are made of iron and manganese.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Ferro-manganese, <2% carbon. 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)Norway$359M
Top Destination (2023)United States$207M

In 2023 Ferro-manganese, <2% carbon were the world's 2220th most traded product (out of 4,644).

In 2023, the top exporters of Ferro-manganese, <2% carbon were Norway ($359M), South Korea ($127M), India ($106M), South Africa ($98.3M), and Netherlands ($67.3M).

In 2023, the top importers of Ferro-manganese, <2% carbon were United States ($207M), Netherlands ($70.8M), Germany ($67.6M), Turkey ($61.7M), and Italy ($51.1M).

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Exporters of Ferro-manganese, <2% carbon (2023)
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Importers of Ferro-manganese, <2% carbon (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Malaysia$3.42M
Top Destination Growth (2022 -  2023)Saudi Arabia$3.67M

Between 2022 and 2023, the exports of Ferro-manganese, <2% carbon grew the fastest in Malaysia ($3.42M), Poland ($3.24M), Australia ($1.03M), Thailand ($796k), and Denmark ($444k).

Between 2022 and 2023, the fastest growing importers of Ferro-manganese, <2% carbon were Saudi Arabia ($3.67M), Poland ($3.45M), Uzbekistan ($2.09M), Japan ($1.89M), and Mexico ($1.83M).

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Exporters of Ferro-manganese, <2% carbon (2022 - 2023)

Importers of Ferro-manganese, <2% carbon (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-manganese, <2% carbon.

In 2023, market concentration measured using Shannon Entropy, was 3.01. This means that most of the exports of Ferro-manganese, <2% carbon are explained by 8 countries.

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Value of Exports in Ferro-manganese, <2% carbon

Net Trade

TOP NET EXPORTER (2023)Norway$359M
TOP NET IMPORTER (2023)United States$204M

This map shows which countries export or import more of Ferro-manganese, <2% carbon. Each country is colored based on the difference in exports and imports of Ferro-manganese, <2% carbon during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ferro-manganese, <2% carbon were Norway ($359M), South Korea ($124M), India ($103M), South Africa ($97.9M), and China ($22.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Ferro-manganese, <2% carbon were United States ($204M), Turkey ($59.9M), Germany ($56.5M), Brazil ($49.7M), and Canada ($45.9M).

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-manganese, <2% carbon.
It is possible to select the main countries that export or import Ferro-manganese, <2% carbon in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferro-manganese, <2% carbon 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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