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Iron oxides and hydroxides; earth colours containing 70% or more by weight of combined iron evaluated as Fe2o3

2821 (Harmonized System 1992 for 4-digit)

2023
World Trade $944MRnk 931 / 1217
2023
Top Exporter | Top Importer $337M | $187MChina | United States
2023
Product Complexity -0.23Rnk 643 / 1044
2022 - 2023
Export Growth (CAGR) -35%Rnk 1178 / 1217
2023
Share of World Trade 0.0042%Rnk 931 / 1217

About

Overview This page contains the latest trade data of Iron Oxides and Hydroxides. In 2023, Iron Oxides and Hydroxides were the world's 931st most traded product, with a total trade of $944M. Between 2022 and 2023 the exports of Iron Oxides and Hydroxides decreased by -35%, from $1.45B to $944M. Trade in Iron Oxides and Hydroxides represent 0.0042% of total world trade.

Iron Oxides and Hydroxides are a part of Inorganic chemicals. They include Iron Oxides & Hydroxides and Earth colours with >70% iron as Ferrous oxide.

Exports In 2023 the top exporters of Iron Oxides and Hydroxides  were China ($337M), Germany ($228M), United States ($42.6M), Italy ($42.1M), and Japan ($39.3M).

Imports In 2023 the top importers of Iron Oxides and Hydroxides were United States ($187M), China ($91.7M), Germany ($34.8M), India ($32.2M), and France ($31.8M).

Ranking Iron Oxides and Hydroxides ranks 643rd in the Product Complexity Index (PCI).

Description Iron oxides and hydroxides are the most common pigments used in paint. They are used to create earth colors such as brown, ochre, and sienna.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron Oxides and Hydroxides. 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$337M
Top Destination (2023)United States$187M

In 2023 Iron Oxides and Hydroxides were the world's 931st most traded product (out of 1,217).

In 2023, the top exporters of Iron Oxides and Hydroxides were China ($337M), Germany ($228M), United States ($42.6M), Italy ($42.1M), and Japan ($39.3M).

In 2023, the top importers of Iron Oxides and Hydroxides were United States ($187M), China ($91.7M), Germany ($34.8M), India ($32.2M), and France ($31.8M).

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Exporters of Iron Oxides and Hydroxides (2023)
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Importers of Iron Oxides and Hydroxides (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Honduras$6.53M
Top Destination Growth (2022 -  2023)Laos$1.8M

Between 2022 and 2023, the exports of Iron Oxides and Hydroxides grew the fastest in Honduras ($6.53M), Uzbekistan ($3.35M), Hong Kong ($1.79M), Russia ($574k), and Mexico ($429k).

Between 2022 and 2023, the fastest growing importers of Iron Oxides and Hydroxides were Laos ($1.8M), Indonesia ($1.73M), Ethiopia ($1.28M), Jordan ($1.17M), and Mozambique ($755k).

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Exporters of Iron Oxides and Hydroxides (2022 - 2023)

Importers of Iron Oxides and Hydroxides (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron Oxides and Hydroxides.

In 2023, market concentration measured using Shannon Entropy, was 3.41. This means that most of the exports of Iron Oxides and Hydroxides are explained by 10 countries.

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Value of Exports in Iron Oxides and Hydroxides

Net Trade

TOP NET EXPORTER (2023)China$245M
TOP NET IMPORTER (2023)United States$144M

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

In 2023, the countries that had a largest trade value in exports than in imports of Iron Oxides and Hydroxides were China ($245M), Germany ($193M), Japan ($27.5M), Italy ($20.5M), and Brazil ($12.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron Oxides and Hydroxides were United States ($144M), Russia ($27.8M), Australia ($23.4M), Netherlands ($21.1M), and United Kingdom ($20.9M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Iron Oxides and Hydroxides, disaggragated by their HS6 level were Iron Oxides & Hydroxides ($932M) and Earth colours with >70% iron as... ($12.8M)

HS6 Disaggregation for Iron Oxides and Hydroxides (2023)
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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 Iron Oxides and Hydroxides.
It is possible to select the main countries that export or import Iron Oxides and Hydroxides in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron Oxides and Hydroxides by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALAustralia+ $416k
TOP IMPORT POTENTIALIndia+ $152k

Iron Oxides and Hydroxides’s highest export potential is Australia. With an export gap of $416k.  Iron Oxides and Hydroxides’s highest import potential is India with an import gap of $152k.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Iron Oxides and Hydroxides.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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