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720221 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.77BRnk 944 / 4644
2023
Top Exporter | Top Importer $598M | $647MChina | Japan
2023
Product Complexity -0.75Rnk 3554 / 4656
2022 - 2023
Export Growth (CAGR) -41.1%Rnk 4455 / 4644
2023
Share of World Trade 0.017%Rnk 944 / 4644

About

Overview This page contains the latest trade data of Ferro-silicon, >55% silicon. In 2023, Ferro-silicon, >55% silicon were the world's 944th most traded product, with a total trade of $3.77B. Between 2022 and 2023 the exports of Ferro-silicon, >55% silicon decreased by -41.1%, from $6.4B to $3.77B. Trade in Ferro-silicon, >55% silicon represent 0.017% of total world trade.

Ferro-silicon, >55% silicon are a part of Ferroalloys.

Exports In 2023 the top exporters of Ferro-silicon, >55% silicon  were China ($598M), Russia ($431M), Brazil ($393M), Malaysia ($297M), and Norway ($283M).

Imports In 2023 the top importers of Ferro-silicon, >55% silicon were Japan ($647M), United States ($476M), Germany ($284M), India ($258M), and Italy ($220M).

Ranking Ferro-silicon, >55% silicon ranks 3554th in the Product Complexity Index (PCI).

Description Ferro-silicon is an alloy of silicon and iron. It is used in the steel-making process. When steel is made, the ferro-silicon is melted with the iron. The silicon reduces the amount of oxygen in the iron, which reduces the amount of carbon that is added to the steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Ferro-silicon, >55% silicon. 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$598M
Top Destination (2023)Japan$647M

In 2023 Ferro-silicon, >55% silicon were the world's 944th most traded product (out of 4,644).

In 2023, the top exporters of Ferro-silicon, >55% silicon were China ($598M), Russia ($431M), Brazil ($393M), Malaysia ($297M), and Norway ($283M).

In 2023, the top importers of Ferro-silicon, >55% silicon were Japan ($647M), United States ($476M), Germany ($284M), India ($258M), and Italy ($220M).

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Exporters of Ferro-silicon, >55% silicon (2023)
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Importers of Ferro-silicon, >55% silicon (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Vietnam$19.1M
Top Destination Growth (2022 -  2023)Gambia$14.3M

Between 2022 and 2023, the exports of Ferro-silicon, >55% silicon grew the fastest in Vietnam ($19.1M), South Africa ($6.22M), Chinese Taipei ($5.94M), North Korea ($4.89M), and Bulgaria ($4.27M).

Between 2022 and 2023, the fastest growing importers of Ferro-silicon, >55% silicon were Gambia ($14.3M), China ($8.04M), Portugal ($2.18M), Zimbabwe ($1.91M), and Ukraine ($1.89M).

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Exporters of Ferro-silicon, >55% silicon (2022 - 2023)

Importers of Ferro-silicon, >55% silicon (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-silicon, >55% silicon.

In 2023, market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Ferro-silicon, >55% silicon are explained by 19 countries.

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Value of Exports in Ferro-silicon, >55% silicon

Net Trade

TOP NET EXPORTER (2023)China$548M
TOP NET IMPORTER (2023)Japan$642M

This map shows which countries export or import more of Ferro-silicon, >55% silicon. Each country is colored based on the difference in exports and imports of Ferro-silicon, >55% silicon during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ferro-silicon, >55% silicon were China ($548M), Russia ($402M), Brazil ($377M), Malaysia ($281M), and Norway ($280M).

In 2023, the countries that had a largest trade value in imports than in exports of Ferro-silicon, >55% silicon were Japan ($642M), United States ($465M), South Korea ($207M), India ($191M), and Italy ($180M).

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-silicon, >55% silicon.
It is possible to select the main countries that export or import Ferro-silicon, >55% silicon in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ferro-silicon, >55% silicon 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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