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720292 (Harmonized System 1992 for 6-digit)

2023
World Trade $805MRnk 2349 / 4644
2023
Top Exporter | Top Importer $196M | $114MAustria | United States
2023
Product Complexity 0.76Rnk 1177 / 4656
2022 - 2023
Export Growth (CAGR) -29.5%Rnk 4214 / 4644
2023
Share of World Trade 0.0036%Rnk 2349 / 4644

About

Overview This page contains the latest trade data of Ferro-vanadium. In 2023, Ferro-vanadium were the world's 2349th most traded product, with a total trade of $805M. Between 2022 and 2023 the exports of Ferro-vanadium decreased by -29.5%, from $1.14B to $805M. Trade in Ferro-vanadium represent 0.0036% of total world trade.

Ferro-vanadium are a part of Ferroalloys.

Exports In 2023 the top exporters of Ferro-vanadium  were Austria ($196M), China ($133M), South Africa ($118M), Czechia ($71.3M), and Netherlands ($67.2M).

Imports In 2023 the top importers of Ferro-vanadium were United States ($114M), Germany ($82.3M), Netherlands ($60.2M), Japan ($57.3M), and Italy ($47.1M).

Ranking Ferro-vanadium ranks 1177th in the Product Complexity Index (PCI).

Description It is used in steel production, as a catalyst in the manufacturing of titanium dioxide in the production of iron, and is also used in the production of ammonium chloride.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Ferro-vanadium. 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)Austria$196M
Top Destination (2023)United States$114M

In 2023 Ferro-vanadium were the world's 2349th most traded product (out of 4,644).

In 2023, the top exporters of Ferro-vanadium were Austria ($196M), China ($133M), South Africa ($118M), Czechia ($71.3M), and Netherlands ($67.2M).

In 2023, the top importers of Ferro-vanadium were United States ($114M), Germany ($82.3M), Netherlands ($60.2M), Japan ($57.3M), and Italy ($47.1M).

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Exporters of Ferro-vanadium (2023)
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Importers of Ferro-vanadium (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$19.2M
Top Destination Growth (2022 -  2023)India$9.38M

Between 2022 and 2023, the exports of Ferro-vanadium grew the fastest in Russia ($19.2M), Turkey ($4.31M), Malaysia ($4.26M), France ($4.18M), and Poland ($3.51M).

Between 2022 and 2023, the fastest growing importers of Ferro-vanadium were India ($9.38M), Malaysia ($5.6M), United Arab Emirates ($4.88M), Egypt ($4.11M), and Slovakia ($2.38M).

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Exporters of Ferro-vanadium (2022 - 2023)

Importers of Ferro-vanadium (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferro-vanadium.

In 2023, market concentration measured using Shannon Entropy, was 3.5. This means that most of the exports of Ferro-vanadium are explained by 11 countries.

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Value of Exports in Ferro-vanadium

Net Trade

TOP NET EXPORTER (2023)Austria$187M
TOP NET IMPORTER (2023)United States$111M

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

In 2023, the countries that had a largest trade value in exports than in imports of Ferro-vanadium were Austria ($187M), South Africa ($118M), China ($113M), Czechia ($62.5M), and Russia ($24.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Ferro-vanadium were United States ($111M), Germany ($65.3M), Italy ($45.9M), Japan ($45M), and Chinese Taipei ($38.9M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Ferro-vanadium 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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