About

Overview This page contains the latest trade data of Ferroalloys. In 2022, Ferroalloys were the world's 82nd most traded product, with a total trade of $56.2B. Between 2021 and 2022 the exports of Ferroalloys grew by 28.4%, from $43.8B to $56.2B. Trade in Ferroalloys represent 0.24% of total world trade.

Ferroalloys are a part of Iron & steel. They include Ferro-chromium, >4% carbon, Ferro-nickel, Ferro-silico-manganese, Ferro-silicon, >55% silicon, Ferro-molybdenum, Ferro-niobium, Ferro-manganese, >2% carbon, Ferro-manganese, <2% carbon, Ferro-chromium, <4% carbon, and Ferro-vanadium, among others.

Exports In 2022 the top exporters of Ferroalloys  were Indonesia ($13.7B), South Africa ($4.4B), Brazil ($4.24B), India ($3.74B), and Kazakhstan ($3.29B).

Imports In 2022 the top importers of Ferroalloys were China ($19.9B), United States ($4.85B), Japan ($3.5B), Netherlands ($3.26B), and Germany ($2.33B).

Ranking Ferroalloys ranks 949th in the Product Complexity Index (PCI).

Description Ferro-alloys are used in the production of other goods. They can be made from a variety of materials, including iron, nickel, and cobalt.

Latest Data

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The following visualization shows the latest trends on Ferroalloys. 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)Indonesia$13.7B
Top Destination (2022)China$19.9B

In 2022 Ferroalloys were the world's 82nd most traded product (out of 1,218).

In 2022, the top exporters of Ferroalloys were Indonesia ($13.7B), South Africa ($4.4B), Brazil ($4.24B), India ($3.74B), and Kazakhstan ($3.29B).

In 2022, the top importers of Ferroalloys were China ($19.9B), United States ($4.85B), Japan ($3.5B), Netherlands ($3.26B), and Germany ($2.33B).

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Exporters of Ferroalloys (2022)
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Importers of Ferroalloys (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$6.54B
Top Destination Growth (2021 -  2022)China$7.6B

Between 2021 and 2022, the exports of Ferroalloys grew the fastest in Indonesia ($6.54B), Kazakhstan ($972M), China ($779M), New Caledonia ($570M), and India ($530M).

Between 2021 and 2022, the fastest growing importers of Ferroalloys were China ($7.6B), United States ($1.97B), Japan ($833M), Mozambique ($542M), and Italy ($388M).

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Exporters of Ferroalloys (2021 - 2022)

Importers of Ferroalloys (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ferroalloys.

In 2022, market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Ferroalloys are explained by 23 countries.

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Value of Exports in Ferroalloys

Net Trade

TOP NET EXPORTER (2022)Indonesia$12.2B
TOP NET IMPORTER (2022)China$16.9B

This map shows which countries export or import more of Ferroalloys. Each country is colored based on the difference in exports and imports of Ferroalloys during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ferroalloys were Indonesia ($12.2B), South Africa ($4.2B), Brazil ($3.89B), Kazakhstan ($3.26B), and India ($2.42B).

In 2022, the countries that had a largest trade value in imports than in exports of Ferroalloys were China ($16.9B), United States ($4.64B), Japan ($3.2B), Germany ($1.77B), and Italy ($1.66B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Ferroalloys, disaggragated by their HS6 level were Ferro-nickel ($19.4B), Ferro-chromium, >4% carbon ($9.62B), Ferro-silicon, >55% silicon ($6.15B), Ferro-silico-manganese ($5.77B), and Ferro-molybdenum ($3.06B)

HS6 Disaggregation for Ferroalloys (2022)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Ferroalloys by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $175M
TOP IMPORT POTENTIALIndia+ $63.9M

Ferroalloys’s highest export potential is India. With an export gap of $175M.  Ferroalloys’s highest import potential is India with an import gap of $63.9M.

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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)

Country by Relatedness

The following visualization shows the relatedness of Ferroalloys to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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