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720292 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.18BRnk 2002 / 4648
2022
Top Exporter | Top Importer $244M | $230MAustria | Netherlands
2022
Product Complexity 0.86Rnk 1010 / 4653
2021 - 2022
Export Growth (CAGR) 14.1%Rnk 1200 / 4648
2022
Share of World Trade 0.005%Rnk 2002 / 4648

About

Overview This page contains the latest trade data of Ferro-vanadium. In 2022, Ferro-vanadium were the world's 2002nd most traded product, with a total trade of $1.18B. Between 2021 and 2022 the exports of Ferro-vanadium grew by 14.1%, from $1.04B to $1.18B. Trade in Ferro-vanadium represent 0.005% of total world trade.

Ferro-vanadium are a part of Ferroalloys.

Exports In 2022 the top exporters of Ferro-vanadium  were Austria ($244M), China ($211M), South Africa ($176M), Czechia ($160M), and Netherlands ($113M).

Imports In 2022 the top importers of Ferro-vanadium were Netherlands ($230M), United States ($209M), Germany ($110M), Japan ($95.7M), and South Korea ($65.7M).

Ranking Ferro-vanadium ranks 1010th 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 (2022)Austria$244M
Top Destination (2022)Netherlands$230M

In 2022 Ferro-vanadium were the world's 2002nd most traded product (out of 4,648).

In 2022, the top exporters of Ferro-vanadium were Austria ($244M), China ($211M), South Africa ($176M), Czechia ($160M), and Netherlands ($113M).

In 2022, the top importers of Ferro-vanadium were Netherlands ($230M), United States ($209M), Germany ($110M), Japan ($95.7M), and South Korea ($65.7M).

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Exporters of Ferro-vanadium (2022)
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Importers of Ferro-vanadium (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$68.9M
Top Destination Growth (2021 -  2022)United States$108M

Between 2021 and 2022, the exports of Ferro-vanadium grew the fastest in China ($68.9M), Austria ($54M), Netherlands ($45.3M), Canada ($27.7M), and South Africa ($24.7M).

Between 2021 and 2022, the fastest growing importers of Ferro-vanadium were United States ($108M), Netherlands ($63.9M), Canada ($19.6M), Japan ($15M), and Belgium ($4.05M).

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Exporters of Ferro-vanadium (2021 - 2022)

Importers of Ferro-vanadium (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.33. This means that most of the exports of Ferro-vanadium are explained by 10 countries.

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Value of Exports in Ferro-vanadium

Net Trade

TOP NET EXPORTER (2022)Austria$232M
TOP NET IMPORTER (2022)United States$196M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ferro-vanadium were Austria ($232M), China ($183M), South Africa ($176M), Czechia ($152M), and South Korea ($34M).

In 2022, the countries that had a largest trade value in imports than in exports of Ferro-vanadium were United States ($196M), Netherlands ($117M), Germany ($99.9M), Japan ($83.9M), and Chinese Taipei ($41.6M).

Net Trade (2022)

Country Comparison

Flow
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 (2022)

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